I just did some quick math. GM CEO makes $29 million. Let's round up to $30 million and say that she should make less and share it with the workers. Let's cut it in half and say GM should redistribute $15 million (half) to GM's 167,000 employees. Each employee would get $90 per year.
I'm not lobbying for CEO pay. In fact I think BODs tend to be good old boys networks. Compensation committees are appointed by the board and it can become a case of I scratch your back and you scratch mine. But that aside, the notion that CEOs are getting rich at employee's expense is simply not accurate. I'll add that 2/3 of Barra's pay is performance based, not guaranteed. I think the UAW wants guaranteed pay.
One thing I don't understand is why libs despise CEOs who make $30 million to run $billion companies with hundreds of thousand of employees, but at the same time don't have an issue with top celebrities earning many times more than that.
P.S. UAW workers already make more than Tesla workers.
www.autoblog.com
I'm not lobbying for CEO pay. In fact I think BODs tend to be good old boys networks. Compensation committees are appointed by the board and it can become a case of I scratch your back and you scratch mine. But that aside, the notion that CEOs are getting rich at employee's expense is simply not accurate. I'll add that 2/3 of Barra's pay is performance based, not guaranteed. I think the UAW wants guaranteed pay.
One thing I don't understand is why libs despise CEOs who make $30 million to run $billion companies with hundreds of thousand of employees, but at the same time don't have an issue with top celebrities earning many times more than that.
P.S. UAW workers already make more than Tesla workers.
Ford and GM workers already make $20 more per hour than Tesla employees - Autoblog
Tesla is the real reason Ford, GM, and Stellantis execs don't want to meet the UAW union's strike demands.
www.autoblog.com
