re: Should GM open all new plants in the U.S.?

Only here is okay for one person to make 22 mil a year and obscene for someone to make $63/hour.

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She makes $10,577.00 per hour. That is fricking obscene.

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You think the Board does this out of kindness? And the shareholders of one of the biggest publicly traded companies just turn a blind eye to this?

You are wayyy out of your realm of knowledge here.

Odummy gave the last batch of bailouts to auto companies, and did nothing to ensure the workers would have jobs.

So, companies took cash and moved/built plants in central america and mexico. And you still pay the same amount of money for the vehicle made by people making $3 an hour, as you did for people making $25 n hour. So who's the fools, you!

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You are wayyy out of your realm of knowledge here

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I understand the what, and the why. It is still wrong for anybody to be paid that kind of money. The market drives it and it has become acceptable over the last 30- 40 years though.

At one time, these captains of industry would have been embarrassed to be this greedy. Japan has laws against CEO's making so many times more than the lowest paid employee.

I am all for capitalism but one person siphoning so much out of a company is immoral.

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Ford didn’t take any money.

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This is spread constantly, but is false.



Although Ford did not receive TARP funds, it did receive government loans. These were critical because banks were not lending during the financial crisis. ... On June 23, 2009, Ford received a $5.9 billion loan from the Energy Department's Advanced Technology Vehicles Manufacturing program.

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I am all for capitalism but one person siphoning so much out of a company is immoral.

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I don't think you understand capitalism nearly as much as you think you do.

Assume GM caps CEO salary/bonus at an amount you deem reasonable... let's say $5 million

High performing CEOs will opt out of working at GM because they can make more money elsewhere. Thus GM limits its own potential.

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High performing CEOs will opt out of working at GM

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The same “high performing” CEO’s that almost drove the world economy into a depression?!?

Time for me to take a quick look at their 10-k for a fact check

Eta: 2 mil base, 4 mil STI and the rest in LTI equity. What's the problem?
Her baser is only 10% of total comp.

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Do they have a moral obligation after the taxpayers bailed the company out.

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The taxpayers loaned GM cash when the credit markets froze, which was reasonable and prudent under the circumstances. That's been paid back with interest.

The taxpayers bailed out the UAW pension, which is above and beyond what the taxpayers should have ever done. We'll never see that back. Ever.

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Assume GM caps CEO salary/bonus at an amount you deem reasonable... let's say $5 million High performing CEOs will opt out of working at GM because they can make more money elsewhere. Thus GM limits its own potential.

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This is correct. But if all companies paid reasonable money to their CEO's, then there is nowhere to bail to. Because I am pro-capitalism, I do not think this should be law. I think it should be done because it is the right thing to do.

Let's talk hamburgers. If I buy a bag full of $1 cheeseburgers and I see ten hungry children, I will give them each one. It is the right thing to do. If Bernie mandates that I have to, we have problems.

Sometimes doing the right thing should just be done because it is the right thing to do.

I also don't see them offering to pay it back if their poor decisions tank the company. (see Carly Fiorina)