Reply to Looks like a strike for Auto workers is likely in Fall.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Democrat here and I support strikes but this seems greedy[/quote]
Greedy? They are woefully underpaid when you look at what companies are brining in. Asking for COLA is not greedy. [/quote]
The CEO of GM earns 360 times what her laborers earn.  That’s immoral and obscene.  White collar exploitation of the working class cannot continue like this. Go UAW![/quote]

So if you cut the CEO pay in 1/2, you save perhaps 15 million of her current 29 million salary. Ok. Then you perhaps cut the salary of the top 10 executives in GM and you save perhaps another 10 million.

So you save the company 25 million dollars a year.

According to Bloomberg, the proposals asked by the UAW equal about 80 Billion dollars a year more for the auto makers which will be about a 25 Billion dollar increase for GM’s portion.

So when you guys write crap like, “the crap makes so much and everyone should too”, it does not mean squat.

You could double the CEO pay or cut it to Zero. It does not matter for the health of the company and its survival.

But increasing the salary costs by 25 Billion is insane!!!! The company will go bankrupt and everyone will be out of a job.

So save 25 million in CEO and executive salaries, but increase cost of labor by 25 Billioon and go bankrupt.  Hmmmm[/quote]

Exactly ...the argument that, "BuT BuT CeO MakeS 360x WhaT LinE WOrKeRs Do!!" Is so dumb.  You could cut $28M out of $29M in compensation for GM's CEO and you know what?  That'd be meaningless to GM's entire bottom line and health of the company because $28M is pennies to a multi billion dollar corporation like GM.

What will kill GM a lot more is when labor tries to extort ridiculous compensation that will add tens of BILLIONS more in costs to the company, saddle it it massive debt, and kill all possibilities of making profits.

Get rid of union workers now before they kill what's left of American industry.  Automate them out, switch to EVs, and hire migrants/foreigners to do the job. [/quote]

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