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][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]

Oh please, they're trying to extort more than a COLA. Be honest.

They want 46% pay increases.  They want to get rid of 401ks and have guaranteed pensions. They want healthcare for retirees.  They want additional 'inflation' compensation.  It will make any company bankrupt.

Bring on the EVs please.  [/quote]

Then maybe the CEO should align his own compensation with what the business can withstand. You can’t award yourself massive benefits while crying poor about giving anything to others who also generate profit for the company. Sounds to me like the CEO needs to be a true leader and voluntarily match the 20% that is being offered to labor. Then get labor to agree to a fair deal without double standards.
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You really, really suck at math.

If you cut $28M in salary from the CEO, how's that going to affect GM's profitability?

It is meaningless because it is a drop in the bucket of total revenue.  Contrast that to the extortion racket the Union has going - they'll add BILLIONS with a B in more costs to the companies. That will have 1000000000% more impact on the health of the company than the CEO's compensation. Again, the CEO doesn't set their own compensation, the board and shareholders do, but you're too stupid to understand that.

[/quote]

How will slashing executive pay affect profitability? Let me ask you how profitable the company will be without workers? That’s your answer. The workers want fairness.

If you keep paying executives in ways that are not fair to the workers then the workers will stop working. Talk about stupid. [/quote]

Again, you suck at math.

GM's yearly profit was $22B for the twelve months ending in June 30th, 2023.  Let's say we go nuclear and cut the CEO's salary by $28M (she currently makes $29M).

Wow, congrats you increased GM's profit by $28M/$22B = 0.1%.

Contrast that to increasing the cost of labor by $10B.  $10B/$22B will mean a 50% loss in entire profits for GM.

You really suck at math and powers of 10.  CEO compensation is a drop in the bucket in total cost for companies like GM etc. while labor costs are 100-1000 fold more.

You other mistake is assuming union labor is  even needed.  If I'm CEO, you can bet your ass I'd rather eat short term losses and automate the crap out of their jobs than permanently saddle my company with insurmountable debt loads and labor costs that will make my company insolvent.  I'd also be heavily moving towards EVs, which were in the plans anyways, because they require 40% less labor to produce.  I'd also be looking at ways to get rid of all union labor as much as possible either by bringing in foreigners, cutting hours so everyone is temp or part time, or simply moving as much production as possible to Mexico. It'd be a combination of all of the above to get rid over ridiculously expensive labor killing the company. 
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