General Motors CEO Dan Akerson led the company to record profits in 2011, but he took home a significantly smaller paycheck than Alan Mulally, CEO of rival Ford Motor.
Akerson earned $7.7 million in 2011, GM (GM, Fortune 500) announced in a filing Thursday. Mulally received a pay package worth $29.5 million, according to an earlier filing from Ford, up from $26.5 million in 2010.
GM had a very strong 2011. Besides the record profits, it recaptured its title of global sales leader, finishing with the greatest share in the world's two largest markets, China and the United States.