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re: GM ceo makes 29 million a year
Posted on 9/15/23 at 10:40 am to waiting4saturday
Posted on 9/15/23 at 10:40 am to waiting4saturday
quote:
His salary is probably only like $1-2M a year. He just gets like $25M in preferred stock options.
Her, and her cash comp is $9.8M per year.
This post was edited on 9/15/23 at 11:02 am
0
Posted on 9/15/23 at 10:43 am to RoyalWe
I’m pretty good at that myself, sounds like you should put aspiring life long worker bee on yours
Posted on 9/15/23 at 10:43 am to StringedInstruments
quote:
I’ve been a teacher for 15 years and have a master’s degree. My base salary is $65k a year.
Frankly, it should be far more. You expended a lot of $ and life to get there.
Posted on 9/15/23 at 10:43 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
GM is run by a woman. She does not give herself raises the board does. Nor does she hand out raises to employees.
Posted on 9/15/23 at 10:51 am to rrboy
quote:If you divided that salary among GM's 180,000 employees it would work out to... $161/yr. Or about $13.40/month. Assuming they work 160 hours a month... about $0.08 per hour.
GM ceo makes 29 million a year
CEO salary is definately the problem.
This post was edited on 9/15/23 at 10:52 am
Posted on 9/15/23 at 10:55 am to rrboy
quote:
Dodge ceo makes 24 million a year.
Average uaw worker makes about 67k a year.
and?
Almost any doofwad off the street can work on an assembly line. How many can run a giant multi-national corporation? A robot can build a car. How many robots are running companies?
Unions are good at driving jobs overseas or out of existence.
Posted on 9/15/23 at 10:58 am to DCtiger1
quote:
According to who? Where is this shortage of money you seem to be referring to?
At the lower to mid income Americas. There is no reason why the top 1% should control so much wealth in our country. It will become increasingly destabilizing and that is how you get a French revolution.
Posted on 9/15/23 at 10:58 am to rrboy
Oh goody, the old liberal pay equity argument.
Before we rush down this path take a look at how the ruling class lives in the socialist paradise of North Korea versus the workers.
Or the USSR
Or Cuba
Or Venezuela
Or anywhere else it’s tried.
The difference here is those men aren’t appointed via birth right or force.
Before we rush down this path take a look at how the ruling class lives in the socialist paradise of North Korea versus the workers.
Or the USSR
Or Cuba
Or Venezuela
Or anywhere else it’s tried.
The difference here is those men aren’t appointed via birth right or force.
Posted on 9/15/23 at 11:02 am to BoudinChicot
quote:
If you look at total compensation of execs vs average workers over the past 100 years, the rate of increasing disparity is insane.
It’s pretty extreme. Companies can do as they wish and I guess it’s not surprising that executives will all pay themselves as much as they can but it’s hard to believe one single person brings that much value to a business. But hey that’s not for me to decide.
Posted on 9/15/23 at 11:03 am to rrboy
quote:
GM ceo makes 29 million a year
It's hard work starting DEI programs
Posted on 9/15/23 at 11:04 am to concrete_tiger
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.
Posted on 9/15/23 at 11:05 am to FreddieMac
quote:
There is no reason why the top 1% should control so much wealth in our country. It will become increasingly destabilizing and that is how you get a French revolution.
I don’t like what happens when government starts dictating who should make how much
Posted on 9/15/23 at 11:08 am to BoudinChicot
quote:With mechanization and automation the value of manual labor is going down.
If you look at total compensation of execs vs average workers over the past 100 years, the rate of increasing disparity is insane.
100 years ago if you were a really good riveter, you'd make a good living. Now a robot does it. But robots are expensive. So the guy that's good at attracting capital to pay for the robots is more valuable. Dont' be a riveter.
Posted on 9/15/23 at 11:09 am to rrboy
24 million does seem like a bit of overkill.
Posted on 9/15/23 at 11:09 am to FreddieMac
quote:So instead 535 people in Congress should be in charge of it?
At the lower to mid income Americas. There is no reason why the top 1% should control so much wealth in our country.
Posted on 9/15/23 at 11:10 am to biglego
quote:
I don’t like what happens when government starts dictating who should make how much
I agree. I am not suggesting there should be a gov't solution. Corporations are going to have to adjust or the gov't needs to mandate some type of pay scale for lower to mid income people.
Posted on 9/15/23 at 11:10 am to FreddieMac
quote:
There is no reason why the top 1% should control so much wealth in our country
I don't disagree. Now, how do you plan on fixing it?
Posted on 9/15/23 at 11:10 am to BayouFann
quote:
CEOs shouldn’t make 432 times what the average company workers make!
Never understood why people care what a CEO makes.
Did you want to be a CEO?
There is plenty of money to be made in this world but the "average company worker" doesn't want to sacrifice anything to get it. Most of us have to trade time for money, but people don't want to put in more time, because they need their "work/life balance." So you're saying it's not really that important to you. You want it to be easy, and you think a CEO has an easy job.
I've always thought the Untouchables scene in the church is a great metaphor for life. What are you willing to do to get what you want?
I don't feel the least bit sorry for "company workers" when I see immigrants come over here with nothing and build restaurants and small companies. We all have our priorities in life.
This post was edited on 9/15/23 at 11:28 am
Posted on 9/15/23 at 11:12 am to FreddieMac
quote:
I am not suggesting there should be a gov't solution
quote:
Corporations are going to have to adjust or the gov't needs to mandate some type of pay scale for lower to mid income people.
*stares in complete confusion*
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