coming big uaw strike?
10-26-23 | 10:46 AM
#271
Lexus Champion
Joined: Apr 2007
Posts: 10,157
Likes: 9
From: Southeastern PA
Well, It's nice that they are getting the 25% spread out over a period of time, but, IMO, the real issue is pensions. I always was, and always will be, a firm believer in them. Converting from pensions to simple (and usually inadequate) IRAs really screwed a lot of workers up.
10-26-23 | 02:07 PM
#272
You have not thought any of this through.
What real numbers? X% increase in Barra's compensation package is ≠ to X% increase for 164,000 employees. For some reason you completely missed the context, the argument was if Barra can make X dollars and get X increase then every single employee can get the same increase because GM can afford it. You can't possibly think this is a solid point, well I guess you do since the article you posted says the same nonsense.
lol, this is what passes for journalism. If Barra made ZERO DOLLARS and the money went straight to workers they would get another $150/year. This proposed increase will cost GM at least $3 billion/year. Explain how that compares in any way to $30 million dollars. And I guess I have to spell it out, this is Barra's compensation package.
What real numbers? X% increase in Barra's compensation package is ≠ to X% increase for 164,000 employees. For some reason you completely missed the context, the argument was if Barra can make X dollars and get X increase then every single employee can get the same increase because GM can afford it. You can't possibly think this is a solid point, well I guess you do since the article you posted says the same nonsense.
lol, this is what passes for journalism. If Barra made ZERO DOLLARS and the money went straight to workers they would get another $150/year. This proposed increase will cost GM at least $3 billion/year. Explain how that compares in any way to $30 million dollars. And I guess I have to spell it out, this is Barra's compensation package.
If you don't understand cost vs profit margin here it is again. What Barra really means is this: Her compensation as CEO is tied to General Motors’ profit margins. This means that Barra’s exorbitant salary is also a function of how low she can keep autoworkers’ wages. Barra’s salary has increased 34 percent over the last four years, while in four years workers’ pay has only increased by 6 percent.
10-26-23 | 02:14 PM
#273
thank you, and yes, but if anything there seems lately to be greater sympathy for unions and labor than for corporations. so they will kill the sacred cows and the country will likely go bankrupt in the coming decades.
but can't get into politics here.
hopefully the strikes end soon and these companies can remain in business somehow.
but can't get into politics here.
hopefully the strikes end soon and these companies can remain in business somehow.
We gave them like $18 Billion to save 1.5 million jobs. Estimates were we never got $11 Billion back.
10-26-23 | 02:21 PM
#274
Lexus Fanatic
Joined: Sep 2010
Posts: 20,906
Likes: 3,117
From: Alberta
Barra’s salary has increased 34 percent over the last four years, while in four years workers’ pay has only increased by 6 percent.
10-26-23 | 09:27 PM
#277
Thread Starter
Lexus Fanatic
iTrader: (20)
Joined: Feb 2001
Posts: 75,500
Likes: 2,559
From: Present
not sure which cars you're referring to as crap, after all ford has the highest selling vehicle of all time (f150).
We gave them like $18 Billion to save 1.5 million jobs. Estimates were we never got $11 Billion back.
anyway, i'm not a fan of govt bailouts either.
10-27-23 | 04:57 AM
#278
Lexus Fanatic
Joined: Oct 2003
Posts: 91,624
Likes: 89
From: Virginia/D.C. suburbs
jgscott, you've hit the nail on the head for at least one of the reasons for the strike.....Executive pay vs. that of the rank-and-file workers. The gap is simply absurd....and growing.
10-27-23 | 12:40 PM
#279
Lexus Fanatic
Joined: Sep 2010
Posts: 20,906
Likes: 3,117
From: Alberta
Every GM employee should get $30 million/year anything else is blatant inequality. And don't come to me with concerns about cost, irrelevant.
10-27-23 | 12:44 PM
#280
i assume you're talking about 2008. gm, ford, chrysler fell under the 'too big to fail' mantra (too many jobs at stake), and chrysler and gm chose to go through a govt assisted bankruptcy to jettison bond obligations (bond holders got stiffed, which includes other pension plans) and restructure. ford chose to not go through bankruptcy having secured a lot of long term low interest debt before 2008. and you're wrong about a bail out because chrysler and gm paid back the loans to the govt with interest quite quickly as i recall.
not sure which cars you're referring to as crap, after all ford has the highest selling vehicle of all time (f150).
not what i read, but your source?
anyway, i'm not a fan of govt bailouts either.
not sure which cars you're referring to as crap, after all ford has the highest selling vehicle of all time (f150).
not what i read, but your source?
anyway, i'm not a fan of govt bailouts either.
https://www.usatoday.com/story/money...sler/21061251/
Ford is currently at the bottom in repair and other.
J.D. Power and Associates U.S. Vehicle Dependability Study
10-27-23 | 01:00 PM
#281
The statement was - NO ONE single worker employee is worth a $25 Million to $40 Million dollar salary..... Unless they founded and developed the Company themselves.
Last edited by jgscott; 10-27-23 at 04:22 PM.
10-27-23 | 01:01 PM
#282
Lexus Fanatic
Joined: Sep 2010
Posts: 20,906
Likes: 3,117
From: Alberta
I worked for 2 company's. One worth $65 Billion the other worth $110 Billion. The same statement was inside both company's with the Employees.
The statement was - NO ONE single worker employee is worth a $25 Billion to $40 Billion dollar salary..... Unless they founded and developed the Company themselves.
The statement was - NO ONE single worker employee is worth a $25 Billion to $40 Billion dollar salary..... Unless they founded and developed the Company themselves.
10-27-23 | 02:32 PM
#283
Lexus Champion
Joined: Oct 2019
Posts: 11,871
Likes: 1,264
From: Ohio
I worked for 2 company's. One worth $65 Billion the other worth $110 Billion. The same statement was inside both company's with the Employees.
The statement was - NO ONE single worker employee is worth a $25 Billion to $40 Billion dollar salary..... Unless they founded and developed the Company themselves.
The statement was - NO ONE single worker employee is worth a $25 Billion to $40 Billion dollar salary..... Unless they founded and developed the Company themselves.
Like it or not some people are able to do things others simply can't, most don't seem to have an issue with that regarding actors etc but just lose their minds when it's other industries lol!
10-27-23 | 03:21 PM
#284
Lexus Fanatic
Joined: Oct 2003
Posts: 91,624
Likes: 89
From: Virginia/D.C. suburbs
I worked for 2 company's. One worth $65 Billion the other worth $110 Billion. The same statement was inside both company's with the Employees.
The statement was - NO ONE single worker employee is worth a $25 Billion to $40 Billion dollar salary..... Unless they founded and developed the Company themselves.
The statement was - NO ONE single worker employee is worth a $25 Billion to $40 Billion dollar salary..... Unless they founded and developed the Company themselves.
Not only that, but Mary Barra (and other auto executives) works in a plush office-complex, with all the comforts one could think of....or is being interviewed and answering questions in front of cameras. The rank and file workers in the plants spend long shifts (sometimes overtime) doing difficult work that sometimes puts their health at risk or can cause injury.
10-27-23 | 03:28 PM
#285
Lexus Fanatic
Joined: Sep 2010
Posts: 20,906
Likes: 3,117
From: Alberta
If people don't want to be an assembly line worker they can start your own business and take on all the financial risk and personal toll associated with it. But I get the union perspective management is rich, greedy and evil give me some of that money. And I want to work less and not work as hard to get it.
Still waiting to find out what CEO makes $40 billion/year.
You hate a certain CEO that takes zero salary and put every last penny into his companies. You literally said he doesn't put his money where his mouth is. Pretty sure you simply hate all CEOs and business owners in general or at least you act like it.
Still waiting to find out what CEO makes $40 billion/year.
Not only that, but Mary Barra (and other auto executives) works in a plush office-complex, with all the comforts one could think of....or is being interviewed and answering questions in front of cameras. The rank and file workers in the plants spend long shifts (sometimes overtime) doing difficult work that sometimes puts their health at risk or can cause injury.