BorgWarner Elevates Legal Chief’s Compensation by 83% with Strategic Stock Grant

BorgWarner Inc., a key player in the automotive industry, significantly increased the compensation for its legal chief, Tonit Calaway, in 2023. Her total pay rose to $10.2 million, marking an 83% increase over the previous year. A central component of this boost was a $4.5 million stock grant aimed at executive retention. Calaway holds the titles of executive vice president, chief administrative officer, and general counsel at the company.

For more insights on this significant development, explore the detailed report from Law.com.