Anonymous
09/15/2023 13:55
Subject: Looks like a strike for Auto workers is likely in Fall.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Democrat here and I support strikes but this seems greedy
Greedy? They are woefully underpaid when you look at what companies are brining in. Asking for COLA is not greedy.
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.
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.
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.
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.
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.
We’ll see where we are in 30 days. Oh by the way, just to send you into more of a tizzy and make your veins pop out a little more, other unions are watching this very very very closely. We’ll see if they join in or not.
Anonymous
09/15/2023 13:51
Subject: Looks like a strike for Auto workers is likely in Fall.
The CEO of Toyota makes $6 million.
CEO of GM $28 million.
Is the CEO of GM really adding quadruple the value of the CEO of Toyota? Come on, CEO pay in this country is absurd.
I support UAW all the way. Hold the line!
CEO of GM $28 million.
Is the CEO of GM really adding quadruple the value of the CEO of Toyota? Come on, CEO pay in this country is absurd.
I support UAW all the way. Hold the line!
Anonymous
09/15/2023 13:49
Subject: Looks like a strike for Auto workers is likely in Fall.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Democrat here and I support strikes but this seems greedy
Greedy? They are woefully underpaid when you look at what companies are brining in. Asking for COLA is not greedy.
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.
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.
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.
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.
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.
Anonymous
09/15/2023 13:43
Subject: Looks like a strike for Auto workers is likely in Fall.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Obama should’ve never bailed out big 3
OK Mitt, you ran on “let Detroit go bankrupt” and lost, though.
Mitt was right
Obama led to trump
Good job by black Jesus
What led to Trump was the GOP screwing its own voters for decades. No wonder MAGA are angrier at their own party’s established elite (see how Trump destroyed Jeb Bush)
Anonymous
09/15/2023 13:36
Subject: Looks like a strike for Auto workers is likely in Fall.
Anonymous wrote:Can't wait until a basic US made sedan costs $70,000. Either everyone in the country will now need to make $300k salaries to keep up with inflation and it'll ruin all of our life's savings, or Americans all buy Toyota, Hyundai, and Kias that use non-union labor and it puts the big 3 out of business.
Then blame the greedy executives who are deciding to make $70k trucks instead of $20k cars while raking in record $12 billion profits. The labor union doesn’t make these decisions, the executive leadership does.
Anonymous
09/15/2023 13:36
Subject: Looks like a strike for Auto workers is likely in Fall.
Anonymous wrote:Can't wait until a basic US made sedan costs $70,000. Either everyone in the country will now need to make $300k salaries to keep up with inflation and it'll ruin all of our life's savings, or Americans all buy Toyota, Hyundai, and Kias that use non-union labor and it puts the big 3 out of business.
You’re point is ridiculous. Detroit used to make entry level cars but don’t anymore. They can do this again.
Anonymous
09/15/2023 13:33
Subject: Re:Looks like a strike for Auto workers is likely in Fall.
Anonymous wrote:Anonymous wrote:Anonymous wrote:So UAW wants:
COLA
32 hour work week but being paid for 40 hours of work.
40 percent pay increase
Healthcare for retirees
Guaranteed pension plans.
Cost of ask is 20 Billion per year increase in cost to each of the 3 companies.
Uh, time to fire people and bring in more robots?
What is wrong with any of those things? God forbid people want to afford food, have affordable healthcare, and enjoy life in their retirement. None of this is unreasonable.
Unreasonable? THE COST OF CARS IS UNREASONABLE!
These teamsters/ mobsters are completely corrupt, and everyone has known that since the Jimmy Hoffa days!
Do you really think the money will go to the workers?!?
Meanwhile, it is the working man and woman who are getting screwed over by the insane cost of a car, which people need to take their kids to school/daycare, and hopefully get to work.
But the UAW keeps making that harder and harder!
Who sets the price of a car? The labor union or the executives? SMH
Anonymous
09/15/2023 13:31
Subject: Looks like a strike for Auto workers is likely in Fall.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Democrat here and I support strikes but this seems greedy
Greedy? They are woefully underpaid when you look at what companies are brining in. Asking for COLA is not greedy.
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.
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.
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.
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.
Anonymous
09/15/2023 13:23
Subject: Looks like a strike for Auto workers is likely in Fall.
Can't wait until a basic US made sedan costs $70,000. Either everyone in the country will now need to make $300k salaries to keep up with inflation and it'll ruin all of our life's savings, or Americans all buy Toyota, Hyundai, and Kias that use non-union labor and it puts the big 3 out of business.
Anonymous
09/15/2023 13:14
Subject: Re:Looks like a strike for Auto workers is likely in Fall.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:So UAW wants:
COLA
32 hour work week but being paid for 40 hours of work.
40 percent pay increase
Healthcare for retirees
Guaranteed pension plans.
Cost of ask is 20 Billion per year increase in cost to each of the 3 companies.
Uh, time to fire people and bring in more robots?
What is wrong with any of those things? God forbid people want to afford food, have affordable healthcare, and enjoy life in their retirement. None of this is unreasonable.
Unreasonable? THE COST OF CARS IS UNREASONABLE!
These teamsters/ mobsters are completely corrupt, and everyone has known that since the Jimmy Hoffa days!
Do you really think the money will go to the workers?!?
Meanwhile, it is the working man and woman who are getting screwed over by the insane cost of a car, which people need to take their kids to school/daycare, and hopefully get to work.
But the UAW keeps making that harder and harder!
If all the dems in congress have lined up behind this fleecing of America strike, they can no longer call themselves the party of the people.
Michigan Democrats are in lockstep with the union members, too.
Anonymous
09/15/2023 13:06
Subject: Re:Looks like a strike for Auto workers is likely in Fall.
Anonymous wrote:Anonymous wrote:Anonymous wrote:So UAW wants:
COLA
32 hour work week but being paid for 40 hours of work.
40 percent pay increase
Healthcare for retirees
Guaranteed pension plans.
Cost of ask is 20 Billion per year increase in cost to each of the 3 companies.
Uh, time to fire people and bring in more robots?
What is wrong with any of those things? God forbid people want to afford food, have affordable healthcare, and enjoy life in their retirement. None of this is unreasonable.
Unreasonable? THE COST OF CARS IS UNREASONABLE!
These teamsters/ mobsters are completely corrupt, and everyone has known that since the Jimmy Hoffa days!
Do you really think the money will go to the workers?!?
Meanwhile, it is the working man and woman who are getting screwed over by the insane cost of a car, which people need to take their kids to school/daycare, and hopefully get to work.
But the UAW keeps making that harder and harder!
If all the dems in congress have lined up behind this fleecing of America strike, they can no longer call themselves the party of the people.
Anonymous
09/15/2023 13:05
Subject: Looks like a strike for Auto workers is likely in Fall.
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Democrat here and I support strikes but this seems greedy
Greedy? They are woefully underpaid when you look at what companies are brining in. Asking for COLA is not greedy.
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.
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.
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.
Anonymous
09/15/2023 13:05
Subject: Re:Looks like a strike for Auto workers is likely in Fall.
Interesting strategy by Fain.
He won this position by a slim margin. He'd better deliver, or he'll have a mutiny on his hands.
He won this position by a slim margin. He'd better deliver, or he'll have a mutiny on his hands.
Anonymous
09/15/2023 13:04
Subject: Re:Looks like a strike for Auto workers is likely in Fall.
Anonymous wrote:Anonymous wrote:So UAW wants:
COLA
32 hour work week but being paid for 40 hours of work.
40 percent pay increase
Healthcare for retirees
Guaranteed pension plans.
Cost of ask is 20 Billion per year increase in cost to each of the 3 companies.
Uh, time to fire people and bring in more robots?
What is wrong with any of those things? God forbid people want to afford food, have affordable healthcare, and enjoy life in their retirement. None of this is unreasonable.
Unreasonable? THE COST OF CARS IS UNREASONABLE!
These teamsters/ mobsters are completely corrupt, and everyone has known that since the Jimmy Hoffa days!
Do you really think the money will go to the workers?!?
Meanwhile, it is the working man and woman who are getting screwed over by the insane cost of a car, which people need to take their kids to school/daycare, and hopefully get to work.
But the UAW keeps making that harder and harder!
Anonymous
09/15/2023 12:38
Subject: Re:Looks like a strike for Auto workers is likely in Fall.
Anonymous wrote:So UAW wants:
COLA
32 hour work week but being paid for 40 hours of work.
40 percent pay increase
Healthcare for retirees
Guaranteed pension plans.
Cost of ask is 20 Billion per year increase in cost to each of the 3 companies.
Uh, time to fire people and bring in more robots?
Do you not understand the concept of negotiations? If you bid on something, do you bid the price you want to pay or go lower knowing you will meet somewhere in the middle?