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re: GM ceo makes 29 million a year
Posted on 9/15/23 at 10:00 am to rrboy
Posted on 9/15/23 at 10:00 am to rrboy
quote:
GM ceo makes 29 million a year
Dodge ceo makes 24 million a year.
That's the free market at work. I got no problem with it. That's what the stockholders are cool with, that's cool with me.
But holy shite - do you think that these CEO's are worth close to that? Do they really bring that kind of value to their companies? If that's the pay, that's the pay. But woah.
0
Posted on 9/15/23 at 10:00 am to 777Tiger
quote:
and his employer is a tax exempt, anti-trust exempt entity, apples, meet oranges
I was joking.
Posted on 9/15/23 at 10:00 am to Sam Quint
No solution is the solution. It’s for the free market to decide. Period. Because the alternative is totalitarianism.
That said, the Japanese have traditionally done this right. Their CEO’s of publicly held companies are very wealthy. But not fabulously, untouchably wealthy where they live separately and above those who put money back into their pockets. They inherently acknowledge the moral utility of having a connection with those who make them rich.
That said, the Japanese have traditionally done this right. Their CEO’s of publicly held companies are very wealthy. But not fabulously, untouchably wealthy where they live separately and above those who put money back into their pockets. They inherently acknowledge the moral utility of having a connection with those who make them rich.
Posted on 9/15/23 at 10:01 am to rrboy
What does the Apple CEO make? Samsung?
What do the Chinese laborers make assembling them?
BLM got donations in an amount in the billions and was enough, money wise, to pave every interstate highway..every mile.. in the United States. What came out of that? Where is that money? What did the protestors get??
Accounting and engineering professors make more than music and art professors.
And we can go on.
What do the Chinese laborers make assembling them?
BLM got donations in an amount in the billions and was enough, money wise, to pave every interstate highway..every mile.. in the United States. What came out of that? Where is that money? What did the protestors get??
Accounting and engineering professors make more than music and art professors.
And we can go on.
This post was edited on 9/15/23 at 10:02 am
Posted on 9/15/23 at 10:01 am to rrboy
is the CEO an “Average uaw worker”?
not he’s not. what’s the average salary and benefits for a major NA auto manufacturer’s CEO?
not he’s not. what’s the average salary and benefits for a major NA auto manufacturer’s CEO?
Posted on 9/15/23 at 10:01 am to rrboy
Agreed, the CEO makes to much compared to the workers. If its a team, which they all preach, then pay should reflect that team spirit.
Posted on 9/15/23 at 10:02 am to rrboy
Let’s list the responsibilities for each position
Posted on 9/15/23 at 10:02 am to funnystuff
quote:
I think the better stat is GM CEO gives himself a 40% raise over the last 5 years. Over the same time period, he gives his employees a 5% raise
The difference in pay is the not the problem. The difference in the rate of change is
i can almost guarantee you that the ceo's job has become much more difficult over the past 5 years and the employees job has become easier.
Posted on 9/15/23 at 10:03 am to Lsupimp
Good CEOs are rare and highly desirable. They are your elite sports athletes of business. 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 10:03 am to rrboy
Average degreed engineer at GM is $90k/year with WORSE benefits than UAW. UAW demands would push hourly air wrench monkeys past engineering grads. F them.
GM CEO's salary equates to $0.48 per employee per day, and the $29M number is inflated based on performance incentives, a good portion of which will never be hit. Actual comp is lower.
GM CEO's salary equates to $0.48 per employee per day, and the $29M number is inflated based on performance incentives, a good portion of which will never be hit. Actual comp is lower.
Posted on 9/15/23 at 10:03 am to Lsupimp
Idk why dudes fetishize over people taking advantage of capitalism/politics in the US. It's really strange. Yeah, work your way to the top, you earned it, yaddah yaddah. I get it. But it's really weird that people don't see that it's not JUST "hard work" that got someone to the top of these multi-billion dollar businesses.
Posted on 9/15/23 at 10:06 am to BilbeauTBaggins
quote:These people are called "stupid", have a victim mindset, and are bitter about life.
But it's really weird that people don't see that it's not JUST "hard work" that got someone to the top of these multi-billion dollar businesses.
Posted on 9/15/23 at 10:06 am to rrboy
quote:
Dodge ceo makes 24 million a year.
Oranges are orange. WTF does the color of oranges have to do with Dodge CEO salary? Nothing. Same as for the UAW workers... nothing.
The bitch the UAW isn't articulating is how much vehicle prices have increased the past 3 years vs their salary. Particularly their salary if you deduct the extra costs associated with Biden inflation.
Automakers have increased the price of vehicles by about 9% in 2020, 2021, and 2022. That is 9% on average per year. Seems they don't mind passing on rising costs of materials and components. But they are holding employees wage increases below what it would take to keep up with inflation.
No sympathy for automakers at all. The UAW proposal is ridiculous so no sympathy for them either.
Posted on 9/15/23 at 10:07 am to rrboy
While I do think there is too much of a celebrity status to CEOs and pay can be way out of whack ( see Lucids CEO comp...like 1/2 of 700mm revenue )
There can only be 1 CEO which makes it a unique role. You want to be paid do things the masses can't/won't
There can only be 1 CEO which makes it a unique role. You want to be paid do things the masses can't/won't
Posted on 9/15/23 at 10:07 am to FreddieMac
quote:
Agreed, the CEO makes to much compared to the workers. If its a team, which they all preach, then pay should reflect that team spirit.
The workers want to work less hours but want more money, where is the team spirit there?
Posted on 9/15/23 at 10:08 am to SuperOcean
quote:
There can only be 1 CEO which makes it a unique role. You want to be paid do things the masses can't/won't
these guys aren't the elite superstars that you guys give them credit for
Posted on 9/15/23 at 10:08 am to FreddieMac
quote:
Agreed, the CEO makes to much compared to the workers. If its a team, which they all preach, then pay should reflect that team spirit.
You mean a team, like with a QB and a HC? What does that ex-LSU QB make these days? And how about that Brian Kelley guy? What does he make? Now what does Joe groundskeeper at either of their fields make? See how that works?
Posted on 9/15/23 at 10:09 am to rrboy
quote:I thought they made a lot more than that TBH
Average uaw worker makes about 67k a year.
Posted on 9/15/23 at 10:10 am to BilbeauTBaggins
quote:
His work experience and academic background include:
2021 - current, Dodge Brand Chief Executive Officer - Stellantis
2019, Head of Passenger Cars, FCA – North America
2018, Head of Jeep Brand, FCA – North America
2018, Global Head of Alfa Romeo, GEC, Fiat Chrysler Automobiles N.V.
2018, Head of Maserati Brand
2015, Head of Passenger Car Brands - Dodge, SRT, Chrysler and FIAT, FCA -North America
2015, Head of Passenger Car Brands, GEC, Fiat Chrysler Automobiles N.V.
2014, President and CEO - Dodge Brand and SRT Brand, FCA - North America
2013, Head of Fleet Operations, FCA US LLC
2013, President and CEO, Dodge Brand, FCA - North America
2011, Head of FIAT Brand, FCA - North America
2011, Director - FIAT Brand Product Marketing and Communications, FCA US LLC
2009, Director - Chrysler Brand Marketing
2009, Senior Manager - Chrysler Product Marketing, Chrysler LLC
2007, Senior Manager - Operations Manager, Western Business Center, Chrysler LLC, DaimlerChrysler
2005, Senior Manager - Operations Manager, Midwest Business Center
2004, Senior Manager - Retail Sales Promotions, Midwest Business Center
2003, Senior Manager - Dealer Operations Manager
2002, Manager - National Dealer Relations
2001, Manager - Dealer Operations, Southeast Business Center
1999, Manager - Sales Operations, Orlando Zone
1998, Manager - Dealer Development, Orlando Zone
1997, Manager - Distribution/Warranty, Orlando Zone, Chrysler Corporation
1997, Manager - Distribution, Orlando Zone
1995, Sales Team Leader, Orlando Zone
1994, Sales District Manager, Orlando Zone
1993, Service and Parts District Manager, Orlando Zone
1992, Trainee, Syracuse Zone
I mean the guy didnt just walk into the CEO job. It took him 29 years to land that job.
This post was edited on 9/15/23 at 10:12 am
Posted on 9/15/23 at 10:10 am to TigerHornII
quote:
how about that Brian Kelley guy?
how about his performance v. his compensation?
quote:
Now what does Joe groundskeeper at either of their fields make?
field is always immaculate and ready, rain or shine
quote:
See how that works?
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