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re: GM ceo makes 29 million a year
Posted on 9/15/23 at 2:29 pm to wadewilson
Posted on 9/15/23 at 2:29 pm to wadewilson
quote:
Not everybody has that ability, and our society cannot function without the people that cannot.
Everyone doesn't need that ability because a lot of people make ends meet with what they do earn by living responsibly.
When there are shortages of plumbers and electricians for instance, career fields with low barriers to entry and potential to run your own business and make a good living, this doesn't fly anymore. People don't want to sacrifice.
This post was edited on 9/15/23 at 2:30 pm
1
Posted on 9/15/23 at 2:34 pm to Ponchy Tiger
30 years ago or so being a auto worker was a really good sought offer job, an solid middle class. Now it’s shite. But all the idiots believe the bullshite u too can be a billionaire crap.
Truth is there is more upward mobility in most of worlds modern economies than here. The American Dream is a farce. You are basically going to stay in the social economic class you are born in. We are basically England of the 1920s.
In a complete Decline with a massive military. Who the frick can we invade next ??
Truth is there is more upward mobility in most of worlds modern economies than here. The American Dream is a farce. You are basically going to stay in the social economic class you are born in. We are basically England of the 1920s.
In a complete Decline with a massive military. Who the frick can we invade next ??
Posted on 9/15/23 at 2:39 pm to RoyalWe
quote:This point has probably been hit but these two things aren't entirely unrelated. How many tax dollars have these companies received in bailouts? And if these CEO's are truly worth their compensation, why do they continually need our money?
People having money doesn't make me want to pick up a pitchfork. Politicians generating extravagant wealth while in office does, though.
Posted on 9/15/23 at 2:39 pm to BoudinChicot
quote:
You cannot provide a single rationale for current exec compensation being anywhere near proportional to the value they bring to a company.
That's a you problem. The rationale is inherent. The company sets the value with the comp. It's exactly proportional.
To illustrate how precise it is, the GM CEO made $157,210 less in total comp in 2022 than she made in 2021, due to specific value targets that were missed.
If you believe you can more accurately quantify the value into a different comp than the company and shareholders, then give a number.
Posted on 9/15/23 at 2:42 pm to rrboy
quote:
GM ceo makes 29 million a year
GM employs 167,000 people around the world. The CEO makes $173/yr per employee to help make sure they keep a job.
What's the problem?
Posted on 9/15/23 at 2:47 pm to GRTiger
quote:
the GM CEO made $157,210 less in total comp in 2022 than she made in 2021
Don't play dumb. $157k to GM CEO is like an NFL player fined for dancing in the end zone, its a performative joke. I'm not going to rehash the data in this thread showing an unsustainable disparity you know is obvious, and billionaires themselves have acknowledged is obvious too.
Posted on 9/15/23 at 2:50 pm to BoudinChicot
Class envy is not a good look.
Posted on 9/15/23 at 2:50 pm to BoudinChicot
quote:
Don't play dumb. $157k to GM CEO is like an NFL player fined for dancing in the end zone, its a performative joke.
Well that's not the point but to your credit, I don't think you're playing dumb.
Posted on 9/15/23 at 2:56 pm to rrboy
Average union workers are easily replaceable. CEO's are not.
Posted on 9/15/23 at 2:57 pm to REB BEER
right
Posted on 9/15/23 at 3:01 pm to Lsupimp
quote:
You are half right. Working on an assembly line is indeed not high value. But there is no need to defend the fairy tale that the brass of Fortune 500 are uniquely talented and indispensable. They are not in fact, masters of The Universe, especially in this Woke business climate. The fact is you could plug in any of 100 other company bureaucrats and get the same results. And there is no need to mythologize them into some weird breed of Uber- humans. They are overwhelmingly just highly- intelligent bureaucrats who know how to play the game at an elite level. And the game is rigged to enrich them and perpetuate the consolidation of resources.
I get this is your schtick. But you didn't prove your point.
If a $150 billion company has 150,000 employees and 100 are capable of running it, doesn't that tell you something?
Those 100 people could also step on to an assembly line if needed. If people want better pay, they need to make themselves more valuable. I worked in manufacturing for half my career, and these union fricktards are mostly useless trash.
Never go above and beyond.
File complaints if contractor is seen going above and beyond. (i.e. how dare a non-union operator help a crew lift a pipe)
Insane agreements around contractor allowed work and payment for non-work. (i.e. if a contractor performs a job and on-site maintenance wasn't allowed to "bid," they get paid those hours)
Insane agreements about overtime that allow for wild abuse of system (i.e. if you don't leave the site during shutdown, you get paid the whole time)
Act like petulant children if they don't get a fricking t-shirt that another employee received.
Sabotage equipment. (from small to turbine generators, disabling entire plant)
Spread lies and propaganda (i.e. using company time to design, print, and distribute fliers with fallacies about benefits, when union benefits typically exceed non-union counterparts).
Show up drunk and/or high, and file grievance when kicked off jobsite. (One of the fun parts of being a big feller... walking these assholes out the door)
And so on.
Posted on 9/15/23 at 3:02 pm to NCIS_76
quote:
GM employs 167,000 people around the world. The CEO makes $173/yr per employee to help make sure they keep a job.
oh because that’s not why she’s paid 29 million.
and how many companies keep paying their CEO millions while laying off workforce?
Posted on 9/15/23 at 3:03 pm to SammyTiger
most of them
Posted on 9/15/23 at 3:26 pm to TutHillTiger
quote:
Truth is there is more upward mobility in most of worlds modern economies than here.
Keep selling this fairytale. Americans are so fricking ignorant and spoiled when it comes to income vs the rest of the modern world. You think there’s better upward mobility in European countries?
Posted on 9/15/23 at 3:34 pm to Goldrush25
quote:
Everyone doesn't need that ability because a lot of people make ends meet with what they do earn by living responsibly.
When there are shortages of plumbers and electricians for instance, career fields with low barriers to entry and potential to run your own business and make a good living, this doesn't fly anymore. People don't want to sacrifice.
Yeah, you're missing my point.
Are there enough white collar, blue collar, skilled trade, technical, medical and other good paying jobs for everyone? If not, how many people are going to be stuck in low paying jobs, like retail, service industry, labor, etc, and how low is their pay going to be?
If there's enough money out there for whoever is willing to sacrifice and work hard, what happens to all the minimum and non-living wage jobs? They're fully automated? You go to fast food and everything from the order taker to the line cook to the janitor is robotic?
Walmart doesn't have any stockers, cart boys, cashiers, warehousemen, shoppers, etc? You go into a Walmart and the only human employees are the store manager and a few robot supervisors?
The idea that there is enough money out there and anybody and everybody that's willing to work can do well enough is a myth.
Posted on 9/15/23 at 3:36 pm to Covingtontiger77
quote:Show me the CEO that can effectively run GM and Ford without huge cash infusions of our money. They're quasi-state companies at this point except the public assumes all the risks and outside of shareholders realizes none of the gains.
Show me the assembly line UAW employee that can effectively run a multinational multibillion conglomerate like GM, Ford,etc.
I have no problem with a CEO making 29 million a year provided the company has generated profits that warrant it. Are welfare recipients "effectively running" their households? If not, why would you consider the CEO's of two of the biggest welfare queens in the country to be effectively running their companies?
Posted on 9/15/23 at 3:37 pm to REB BEER
quote:
Average union workers are easily replaceable. CEO's are not.
My union is so starved for employees that unless you fail the drug test, they don't turn down apprenticeship applications anymore.
Even then, half the apprentices don't make it through the 5 year program.
Posted on 9/15/23 at 3:46 pm to rrboy
quote:
GM ceo makes 29 million a year
Dodge ceo makes 24 million a year.
Meanwhile #1 Carmaker Toyota CEO got a raise from 5 million to 7 million.
Posted on 9/15/23 at 4:00 pm to wadewilson
quote:
My union is so starved for employees that unless you fail the drug test, they don't turn down apprenticeship applications anymore.
The hat is because fewer and fewer people want to be part of a shitty arse union. We have all seen the membership decline over the years.
Posted on 9/15/23 at 4:10 pm to Adajax
quote:
Why should I worry about what a CEO makes at a private company
Lol at private companies- more like a state run enterprise- same as airlines and railroads
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