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Message
re: GM ceo makes 29 million a year
Posted on 9/15/23 at 6:20 pm to TutHillTiger
Posted on 9/15/23 at 6:20 pm to TutHillTiger
quote:
Truth is there is more upward mobility in most of worlds modern economies than here. The American Dream is a farce.
If that was true then how did my fiancée manage to go from barely making minimum wage as a Ph.D. candidate to making well over $250k/year in the last four years? Sounds like that is a whole lot of upward mobility for somebody who worked their arse off.
0
Posted on 9/15/23 at 6:32 pm to rrboy
quote:
Dodge ceo makes 24 million a year.
Average uaw worker makes about 67k a year.
Unionization may raise your floor, but it definitely lowers your ceiling.
Posted on 9/15/23 at 6:37 pm to SammyTiger
quote:
oh because that’s not why she’s paid 29 million.
and how many companies keep paying their CEO millions while laying off workforce?
Some times that's what they are hired to do. Their job is to protect/enhance stock values for their investors, period.
This post was edited on 9/15/23 at 6:39 pm
Posted on 9/15/23 at 6:43 pm to TutHillTiger
quote:
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.
I started out as a Shipping Clerk pulling parts in the warehouse over 30 years ago making $5.50 an hour. I’m now a corporate level product manager responsible for a business that generates over $20 million in revenue annually.
The only one holding you back is yourself and you piss poor attitude. Your problem is you see others being successful you become resentful and jealous of their success instead of working hard and trying to learn how you can be successful yourself. You’re sitting on your arse waiting on someone to hand it you. It has never worked that now nor will it ever work that way.
This post was edited on 9/15/23 at 6:46 pm
Posted on 9/15/23 at 6:47 pm to northshorebamaman
quote:
Maybe there is no effective solution and the historical trend of accumulation followed by revolution followed by accumulation is inevitable?
Even the poor people in America are fat and have cell phones. Comfortable people don’t start revolutions.
Posted on 9/15/23 at 6:53 pm to biglego
Another problem I haven't seen discussed is lower level job pay hasn't increased partially because of mass immigration. More lower level employees are fighting for the same jobs. There are a lot of jobs people don't want to fill now but that's a result of lazy arse people that got used to "free" Gov't money during covid.
Posted on 9/15/23 at 6:56 pm to bcoop199
quote:that shite was rampant way before COVID come along
There are a lot of jobs people don't want to fill now but that's a result of lazy arse people that got used to "free" Gov't money during covid.
Posted on 9/15/23 at 7:03 pm to SuperSaint
If a trained monkey can do your job, then you are not worth $40/hour with a pension.
Posted on 9/15/23 at 7:07 pm to GRTiger
quote:
Because the size of organizations has ballooned to an insane ratio of workers to CEO. The way to cap CEO pay is to cap market share in an industry. I'm not advocating for that, but if you understand that a CEOs comp is directly based on the value of the organization, you understand how it's the value of the organization that needs to be reigned in if you want to close the gap.
That is a very interesting perspective that I have never considered. I wonder how many more CEO’s/public ally traded companies there are today compared to population today than there were 100 years ago.
I have absolutely no clue how to even begin researching this.
Posted on 9/15/23 at 7:09 pm to rrboy
Per Joe Biden, “learn to code”
Posted on 9/15/23 at 7:35 pm to SixthAndBarone
quote:
67k a year for manual labor isn’t too bad, no?
When that manual labor is watching a robot, not at all
Posted on 9/15/23 at 7:44 pm to TDTOM
quote:
If a trained monkey can do your job, then you are not worth $40/hour with a pension.
As a poorly trained monkey, you might be on to something here.
Posted on 9/15/23 at 7:53 pm to TutHillTiger
quote:My dad claims he was so poor that he and his brothers threw a potato instead of a baseball. A textbook dirt poor Arky turned multi-millionaire. Stop spreading bullshite.
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.
Posted on 9/15/23 at 7:54 pm to CAD703X
quote:
skilled labor,
DAfuq they do that's "skilled". The ones with any skills make a good bit more than $67k. Have them include the total benefits package when they discuss pay. frick them. Kick the union out and negotiate individually based on your worth to the company. 90% of those fricks are overpaid.
Posted on 9/15/23 at 7:54 pm to rrboy
So 24 million is his salary or does that include stocks and bonus?
Posted on 9/15/23 at 7:54 pm to Lsupimp
Without addressing the huge difference in skill set (many of these CEOs can do the average workers job with some training, but not the other way around. Wouldn’t this statement imply their is only a finite amount of money available for everyone to make
Also, I am the CEO of a $20M a year manufacturing company; my head would be spinning if I tried to step in for a day as CEO of a major conglomerate like GM. Give me a year and GM may no longer be “too big to fail”
quote:
Huge income inequality destabilizes societies.
Also, I am the CEO of a $20M a year manufacturing company; my head would be spinning if I tried to step in for a day as CEO of a major conglomerate like GM. Give me a year and GM may no longer be “too big to fail”
Posted on 9/15/23 at 7:56 pm to OSqueal
First of all, he is a she. Around $2M is salary and another $7M in bonus and other cash comp. The rest is pretty much options.
Posted on 9/15/23 at 8:27 pm to rrboy
The Dodge CEO is a hell of lot more skilled than the average UAW worker
Posted on 9/15/23 at 8:39 pm to XenScott
quote:
Some times that's what they are hired to do. Their job is to protect/enhance stock values for their investors, period.
exactly the point i was making.
Posted on 9/15/23 at 8:44 pm to rrboy
Headline.....
Guy that leads multi-billion dollar company makes a ton of money.
Guy that tightens lug nuts on assembly line makes much, much less.
Guy that leads multi-billion dollar company makes a ton of money.
Guy that tightens lug nuts on assembly line makes much, much less.
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