GM stock

Mary Barra became CEO of GM in 2016, a few years after the government had to bail out the company through a Chapter 11 bankruptcy. Her salary was $22.6 million and she pushed the company to develop electric vehicles. In 2025 the company had to write down $7.6 billion in charges due to a slump in EV demand. Then in early 2026 they recorded another $9 billion write downs because of EV’s. She is still CEO and her salary has increased to $29.5 million. Here is a quote from the beginnings of the EV switch. General Motors CEO Mary Barra has heavily promoted electric vehicles (EVs), positioning them as GM's "North Star" and the company’s long-term "end game Mary Barra remains CEO of General Motors despite significant EV-related costs primarily because she has delivered record financial performance for the company overall, driven by high-profit gas-powered trucks and SUVs, and has maintained strong investor confidence through stock buybacks. The keyword is buybacks. This strategy has propelled GM stock to all time highs reaching $80 by the end of 2025. The profits could have been much higher without the write downs but keeping the stockholders happy is the name of the game.