@@mailfraudvoter6620 he doesn't need his spelling, nor syntax, to be correct and he only points out the extravagant, decadent remuneration of executives compared to the average wage of workers.
She just admitted to the world that her 40% increase in salary is thanks to the people she's fighting against. The only thing more disgusting in this video, is the fact she wasn't pressed even harder by the reporter. CEOs are not as important to a company as their salaries would have you believe.
Name almost any large company and look at what the CEO's make it is huge. So this is not a big surprise. CEO's of ALL the automakers have always gotten huge salaries.
I'm aware that CEO pay is high for most major companies, but telling your employees there's not enough money for them, while simultaneously making record profit AND pulling in 30 million is grotesque. Paying a CEO 5 million is far less absurd. And they will still be significantly more wealthy than the rest of the employees even if you split the other 25 million between them. You could even take the extra 25 and put it towards fixing roads and bridges. It won't be enough to pay the full bill on infrastructure, but it's 25 million more than what would otherwise be spent.
Entitlement on the part of the CEO is what we have here. Sad because it is creating such division in our country. No one deserves this amount of compensation UNLESS they are the founder and sole owner of the company. The reporter did a great job, unlike most now days.
And what if CNN is lying to you? Who then is doing the dividing? Mary Barra, the CEO of General Motors actually earns a salary of $2.1 million/year. She gets $6.2 billion in performance bonuses (like what they offered to employees), and the rest in stock award gains. Meaning she only makes that much money when the company grows at her doing....and that it has...by $17 billion. By the way, her compensation in 2021 was over $62 million. She made less than half that this year. Yet CNN is painting the picture that she got a 40% increase since then....when she hasn't. If you took her entire compensation, and divided it among the 167,000 workers at GM, it would increase their pay by 0.08 cents an hour...less than one tenth of a penny. And she doesn't set that pay: the board of directors does, based on performance. If the workers want to be upset with anyone for making their wages suffer, then it's the very state that drove the value of that dollar into the ground they need to go after. It wasn't CEOs or corporations that printed 40% of the entire history of the money supply in less than 2 years, causing massive inflation. And lest you think inflation is caused by "corporate greed" like the politicians that did that printing would have you believe (of course they have a vested interest in convincing you that the outcome they caused was someone else's fault), do realize that while consumer prices saw their inflation reach 11% post pandemic, producer prices saw their inflation reach over 15% in that same time. Those "record profits" they speak of...are actually a loss....hence her pay went from $62 million to $29 million. If you earn $100,000 a year, but inflation is 10% how much do you have to earn next year just to break even? Now suppose that your wage is $100,000 this year, and inflation is 10%, but the cost of your living (the producer price inflation in this context), actually goes up 15%....how much do you have to earn next year to break even? Congrats....you've just earned "record profits" in the form of income. Businesses, nor business owners of any sort, are not the cause of this division, nor the turmoil so many face. Irresponsible government is. bastiat.org/en/twisatwins.html
The fact that she REPEATEDLY uses the phrase "represented employees" instead of "union employees" speaks volumes. Clearly, they've done focus group research and have learned that UNION is no longer a "bad word" Way to Go Labor!
She was taught by the best of them, she’s a product of the chinese CCP. Why do you think she focuses so hard on the chinese market. Lord knows GM didn’t invent that EV tech they’re using. She’s a master at repeating the same stuff in hopes of others believing her wordplay
how about total up all the profits then divide them percapita between the workers and execs. pay the workers first because if not for them no one would be getting a check. then take operating costs off the top of the execs pay then they get what is left over. i would really like to see the numbers on that
She probably will. You can bet she’d be a strong advocate for letting politicians trade stocks and removing the public disclosure requirements. Oh and btw we don’t need social security any more because the government shouldn’t give handouts.
@@danwright1794 You're correct in that the reporter *should* have made her explain her *total compensation package* ALL the perks all the way to her retirement with her golden umbrella. If the reporter sounded _Marxist_ to you, then that makes me suspect that you either are, or at least strive to be what used to be called a *Fat Cat* I think now they're oligarchs, or some such. But you know what they say, a turd by any other name still stinks. _Tom's wife Pam_
You suggesting that an interviewer who is questioning a $29,000,000 a year salary as a Marxist talking point. Really??? Please tell me how anyone is worth that much money.@@danwright1794
Wow. She barely even breaks stride when asked about her $29 million salary. American CEOs are without peers in self-indulgence. Incredible. How can she look a single worker in the face, and suggest to them that they are being unreasonable?
@@gregu6556 and lawyers, and marketing, and this, and that. They usually hide behind a wall of other people. No doubt she had a lot of training just to do this interview.
It's the same way she looked that reporter in the face and flat out lied about whether the union proposal will bankrupt the company. She falsely compared labor costs to market capitalization, which is basically an accounting trick. If she did that on paper and put her signature on it the SEC would show up at her front door with a warrant for securities fraud. Yet she didn't bat an eyelid, which speaks to years spent honing the art of deception to perfection.
She’s a broken record: she repeats the same line over and over because she has no real answers. She gets 34% but 20% for her employees is a “historic deal”
What I find utterly depressing is that CEOs in general do not regard workers as the lifeblood of any company, agencies or factories. Workers do all the hard sweaty, insecure, dirty dangerous jobs so the country works as an economy. CEOs just regard them as dispensable low live numbers. All workers are noble people who work mostly on low wages to feed their family, pay bills, rents and morgages and deserve respect.
I wonder if this woman knows how enraging her talking points are to the general public? 12 years ago the government (meaning WE, the public) bailed GM out, and for what? So their execs could make record wages while the workers got scraps? One, they should never have been bailed out in the first place. That's not how capitalism is supposed to work. Two, they owe their workers 12 years of back pay now that they are making RECORD PROFITS and they don't want to admit that the only reason this grifter is making 29M a year is that the workers took major wage cuts! Get serious Mary or get gone!
CEO's are bound by the success of the company. There are no days off. You are on the clock 24 hrs a day and the stress levels are more than most people can handle. You may not realize that but its true. I've known one personally and there is not enough money out there for me to get to that level. 29 million sounds great but to be on that level you give up a good bit of your life.
She says 92% of her pay is based on performance of the company. This is NOT her performance it is the hard working employees! Without them, the company has no performance!! Executives and board members are the ones robbing from the shareholders
it’s not even really the true performance of the company it’s just based on the price of the stock 92% of her pay is from stock and the stock is up because of stock buy backs, not because GM is doing sooooo well....🤦🏻♂️ she's so full of shit it's disgusting
how about total up all the profits then divide them percapita between the workers and execs. pay the workers first because if not for them no one would be getting a check. then take operating costs off the top of the execs pay then they get what is left over. i would really like to see the numbers on that
You're misunderstanding: She *IS A SHAREHOLDER, FIRST AND FOREMOST*. She's not robbing from the shareholders, she's looking out for driving up stock price as much as possible with each quarterly earnings call. When her restricted stock vests, that will increase her net worth for eventual sell-off when she ends up needing liquidity (money) for herself. When she means performance, she doesn't mean performance in terms of how well of a job the salaried worker did, she's saying performance in terms of how well the stock price valuation increases quarter over quarter. In that system there's a fundamental disconnect between executive management (in a way, general shareholders as well) and the rest of the employee organization.
she gotta keep the whip to their backs, that's hard work. She has to figure out how many people to lay off in mass to make the stock price jump....hard work.
How I hear it: 'My salary is so high because the workers made the company successful. But they don't deserve that raise, only me and the other big shots do'
What she's not explaining is that her "performance based pay" is the performance of the stock (not the union employees) which is taxed much less than salaries are. At the same time she's been laying off thousands of workers each year to buy back the stock that she's artificially inflated by laying off workers. Disgusting.
One note here, GM actually did attrition instead of layoffs. So what they do is go to people and offer them a shit ton of money to just retire early. That’s generally what they do. Pay at GM is really good, I worked there in 2022 and my salary was pretty decent. I think they’re a nicer company than some others (ex Tesla) because they DO have unions and people CAN demand wage increases when they think it’s warranted.
@@JesusIsLordLasVegas they generally don’t do that BECAUSE of the strong union presence. When I worked there I was honestly shocked that they had such high profit margins. I was an intern and the amount they paid me was insane. All across the company they have really high retention rates and i think that’s because in the long run they really do try to take care of employees. I’m glad the labor is unionized and I want to strike to keep going until they get the raises they deserve, my experience was on the corporate side of things so I bet manufacturing is completely different but as far as General Motors corporate is concerned they do take care of their corporate employees. Includes people like engineers, interns, scientist, janitors at the offices, secretaries, all those people
Many many many people put in a hard days work EVERY DAY and are very "good" at their jobs .. why aren't they paid $1-BILLION dollars per year!! .. what's the limit??
@@22bk113 yup! its crazy how someone who shoots a ball in a basket makes more then someone that saving others lives in this world. Everything is all fucked
how about total up all the profits then divide them percapita between the workers and execs. pay the workers first because if not for them no one would be getting a check. then take operating costs off the top of the execs pay then they get what is left over. i would really like to see the numbers on that
She does a great job of sticking to the script and not engaging in any kind of discussion with the reporter. Healthcare is important but the wages are too low and her salary/compensation is way too high. So much for the "Heartbeat of America"
I retired as a salaried worker/Manager last year and she absolutely hammered us on wage and benefits under her tenure, but her top execs continue doing very well.
@@GotoHereWhen the company loses money does the ceo pay out of their pocket? What point do you think you've made? P.s. After the bailouts in 2008. The union workers took a payout. The ceos got bonuses. "The bailouts led to a decade-long pay freeze for workers hired before 2007, whose top wage remained at $28 an hour. Workers hired after 2007 were paid under a two-tier wage-and-benefit system that set their compensation lower - $16 an hour to start, topping out at $20 an hour.Nov 13, 2018"
The fact that she thinks she has a compelling argument for her own salary just shows how far we still have to go in order to deal with the capitalist mindset of surplus wealth
1-) Master of Business Administration degree + Bachelor Degree on Electronic Engineering. 2-) Started to work for GM in 1980. 43 YEARS HARD WORK to become FIRST FEMALE CEO of AUTOMOBILE Company. 3-) In 1980, she was inspecting hoods, and she used this job to pay for her college tuition. Hard Work. She was working to pay her college. No one was giving it to her. Only people like who have achieved nothing and disappointment to their parents will hate her success. 23m$ is nothing. It didn't come from God. She deserves it. That's the argument. But people who like you MAJOR in MINOR things in life and has no ambition, purpose or success will hate her.
Like Joe Biden using an ear piece, cheat sheets and colludes with fake news activists posing as journalists? Colluding with the DNC activists with pre planned questions and answers”. Media training” like that?
its infuriating, and I'm curious if the talking points will save them when the people drag their asses out into the streets. This is France 1788 level. Fuck 'em
Love the fact that she shys away from and deflects from the question of her salary. You can bet that every vice president on down makes an outrageous salary as well. We gave up so much to bail these companies out of their financial difficulties, while they continually kept compensating themselves. Smoke and mirrors, blame the ones who actually make the profits. Remember giving up our raise one year so Ford wouldn't take away something from retirees health care. We did and they still did it.
Its insane that ceos can get multiple million dollar raises (and no im not anti rich or anti success) but a worker asks for a dollar more an hour and they cry poverty and tell you to find another job
I worked for a company that got rid of a bunch of perks we had because of budget cuts. The same year the top CEO retired after 2 1/2 years. ( yes 2 1/2 years ) with a $92 million dollar departure package.
@@TheeRedBaron Executive pay has increased 1500% since 1978, while line workers increased 18%. Obviously the problem is THEY have too much say in their own earnings
@america5675 True, but would you rather see those millions go to someone who will advocate for us with the same questions or the other one who will keep saying profit sharing as if it is an incentive payroll exists at their company?
No one needs to make over $5 million a year running a car company or any of these CEO's who take everything for themselves. Her bonus was over $12 millions and she said the workers are lucky to get $12,000 in profit sharing. We have to end this outrageous CEO pay, These CEOs make me sick to my stomach.
how about total up all the profits then divide them percapita between the workers and execs. pay the workers first because if not for them no one would be getting a check. then take operating costs off the top of the execs pay then they get what is left over. i would really like to see the numbers on that
@@superscaryrussianbot846 you must be talking about state run offices and positions. My wife is Thai and there's plenty of people making more than $500/month. Next Trash argument, please?
It's not the bonus you need to be worried about, it's the *STOCK VESTMENT* . That's what's driving most of this. The company is incentivized by executive leadership to allocate restricted stock (apparently hers is by 3 years) and use profits to buyback to keep the stock valuation growing. That way their personal net worth increases year over year, regardless of the amount of profit they actually generate. Only the employees are bound fiscally by the actual budgetary numbers as that's what their bonus structure is specifically tied to. This is why her argument falls flat. You get rid of any stock incentive the executive management has, you'll see actual leadership from these clowns.
@@ryanshannon6963, of course there are people making over $500/mo in Thailand. But most Thai people are poor, especially away from Bangkok. I’ve seen laborers working at my company’s automotive factory without shoes. In fact, a maintenance man died there by being electrocuted while not wearing shoes. The American GM laborers are very wealthy in comparison, and they could put the poor Thai workers out of work with no pay with this strike.
Mary Barra does not want a strike as it would screw up her stock options bonus. At $29 million a year, Barra is overpaid for what she does. Time to put a cap or reduction on ridiculous executive salaries.
@ricardokeele1478 she earns around 12000 a minute right now if she decides to take a shit she makes more in 10 minutes than 99% of the U.S working class in a years salary is that not fucking disgusting to you? How is any human going to justify that while the average person is living PAST paycheck to paycheck and can barely keep running electricity.
@@ricardokeele1478because it leads to the degradation of the American worker. These Uber rich people, as they can continue to afford to bribe congress to write tax laws that favor them, cause the average person to pick up the slack that they are not paying. Why does capital gains tax stay at 15 percent no matter how much an investor makes? It’s because the rich figured out that they can make campaign contributions (“bribes”) to skew in their favor.
I love how SHE thinks her offer is competitive. I've known sooooo many corporate leaders that are just as clueless. Ugh, lady, no matter how many times you repeat the same lame information, it still sucks. WAKE UP!!!
CEO’s need to speak specially about why they think their compensation is more of a priority than that if their employees and more of a priority than the impact on state holders overall. CEO and shareholders value shouldn’t ever outpace the value of the company’s stakeholders. Corporate greed is killing us, not poor people safety nets. I’m so happy to see the unions brining this to light
This is pure American capitalism. CEOs make millions and millions, workers suffer dramatically. European capitalism (especially German) is an example of fairness.
No Enrique, this "Neo Liberalism". Now this European Liberalism where they want to bring back the European Nobility. So this is not American Liberal which totally different.
"Sure workers gave up a lot of salary and benefits 15 years ago, but this is a cyclical business. That part of they cycle had workers losing and the company winning when conditions got tough. This part of the cycle has the company winning and the employees losing when our profits are high. Completely different situation. Can't you see?"
Right?? I mean how realistic is she being here. She looks like she doesn’t even know how to turn a wrench but pulls a 30M dollar salary?! For what exactly?? I gotta know exactly what the ROI is in paying her 29M. Because all I see her doing is talking circles around the issue while wearing hoop earrings, and begging production to accept less so they’ll get back to work. What a sham!! UAW should kick her shit to the side and let it ride as long as possible!
You can very clearly see the corruption and immorality in her. She made everything about what she wants and had a stone cold face, pre-programmed responses, and dark black eyes.
The CEO said her wage compensation is base on the company's performance, then fire her as the company is not performing while on strike and give her wage to the ones performing the actual work.
I'm not that old, and we used to all get performance bonuses when the company did very well. Now executives and CEOs make 300X what normal workers get. $25Million or $30Million compensation. It didn't used to be this way, folks. And I'm talking the 1990s. This CEO is the perfect example. Record profit sharing is for her, nobody else. SHAME!
Unfortunately it is now the era of "Here's your 1-2% raise. Feel fortunate to have a job." Only way to get better pay these days is constantly job-hop, but that only works for certain professions.
Let's not forget all of the 'honorary' board members that get paid millions of dollars every year, for life... those 'honorary' board members are all retired puppet politicians that did favours for the auto giants while they were in office, (quickly and quietly changed laws and passed new bills, that would benefit the auto executives and shareholders) and they are being generously rewarded financially after they leave office, by being appointed 'honorary' board members by the auto giants.
This is maddening, I hate the culture of this country and the people are getting the word. Shame on all of the CEOs and the protected corporate policies that screw over the middle class.
Between 1978 and 2021, according to new research from the Economic Policy Institute (EPI), CEO compensation at the 350 largest publicly traded U.S. companies rose by an inflation-adjusted 1,460%, far outstripping the 18. 1% pay increase that the nation's typical worker saw during that period.Oct 13, 2022. Are they working 1460% harder? I think not.
That´s the figure that tells it all: An insanely huge 1,460% for CEOs, and a meager miserable 18.1% for real workers. Socialism for the rich, vile Capitalism for the Middle Class, and shreds for the poor.
For Mary, it’s “Bottom line, the company needs the workers to suffer and this is the best damn deal they’re going to get, even if it’s way less than my pay increases. I deserve it, they don’t.”
She didn't have a single viable explanation as to why she's getting paid so much and her increases are so much more than her workers! Even after our tax dollars bailed them out! It's disturbing.
Yes, as soon as the bail out was paid off she also closed down 5 American plants and laid off tens of thousands of people. It destroyed some of the town’s economies when these plants were shut down. All in the name of profits and her salary.
her total compensation in 2021 was $62 million. She makes less than half that this year. CNN is lying to you. Her salary is $2.1 million. She gets $6.2 million in bonuses (which is what she also offered to the workers), and the rest in stock award gains. Meaning she only gets that money at the end of the year IF she meets her growth target objectives for the board. I wonder, how many workers are willing to forego 90% of their pay in order to have a chance at earning more as a lump sum at the end of the year should they actually increase the value of the company? Fortunately we know the answer to that....as she offered it to them (albeit not as a yearly payout, but in the hourly pay itself)...and they turned it down. If you aren't willing to do the things that those who earn massive amounts do, then don't be surprised when you don't earn the results they do.
So many people out on “STRIKE”; Demanding higher wages, while ignoring the real problem..... WAGE DISPARITY. Many corporations have a wage distribution curve of 400 to 1; $100,000 per year, bottom tier wage; $40,000,000 per year, top tier wage. As Stephen Covey put it in his 1989 book, “The 7 Habits of Highly Effective People”: “It's incredibly easy to get caught up in an activity trap,... climbing the ladder of success only to discover it's leaning against the wrong wall.” “It is possible to be busy -- very busy -- without being very effective.” “People often find themselves achieving victories that are empty,...” “If the ladder is not leaning against the right wall, every step we take just gets us to the wrong place faster.” (Habit 2: "Begin with the end in mind") IT IS A HOLLOW VICTORY TO WIN THE BATTLE FOR HIGHER WAGES, ONLY TO LOSE THE WAR FOR EQUITABLE WAGES. LEAN THE LADDER AGAINST THE CORRECT WALL. --------------------------------------------------------- I suggest a “wage distribution law”, such as; "Wages, benefits, stock shares, and bonuses, SHALL NOT be distributed at a ratio greater than 4 to 1". (The loophole to the 4 to 1 LAW, is outsourcing, AKA: corporate restructuring) --------------------------------------------------------- THAT'S MY SUGGESTION ABOUT WAGES. SO WHAT ABOUT TAXES? Quick math: 40 hours per week, times 50 weeks per year, (allowing for 2 weeks of unpaid vacation), EQUALS = 2,000 HOURS PER YEAR The current "standard federal income tax deduction" for a person filing as an individual, is $13,850 per year, divided by 2,000 hours equals, $6.925 per hour. In other words, persons earning less than the current "federal minimum wage" of $7.25 per hour and more than $6.925 per hour OWE federal income tax! WHY ARE PEOPLE WITH THE LOWEST INCOMES PAYING ANY FEDERAL INCOME TAX AT ALL, WHILE ALSO QUALIFYING FOR VARIOUS GOVERNMENT AID PROGRAMS, WHAT WOULD HAPPEN IF WE WERE TO REDUCE THEIR TAX BURDEN? I strongly believe that the "fiscally irresponsible republican party" tax cuts for the rich, MUST be reversed. The taxes on the rich MUST increase and the "standard federal income tax deduction" MUST also increase from $13,850 for individual returns or $27,700 for joint returns, TO....... HOLD ON TO YOUR HATS....... $48,000 for individual returns or $96,000 for joint returns. The "Democrat Party" promises to raise the taxes on the "RICH", but how does that HELP THE MIDDLE CLASS. $48,000 per year, divided by 2,000 hours equals, $24 per hour. In other words persons earning $24 per hour or less WOULD NOT OWE FEDERAL INCOME TAX! AND WOULD HAVE MORE TAKE HOME PAY! (Good news for employers who already have a wage distribution curve of less than 1.5 to 1 and may be unable to afford a pay raise for their employees) THAT'S A VERY BIG MIDDLE CLASS TAX CUT (or as President Biden might say a “BFD”) As an added benefit to raising the "standard federal income tax deduction", fewer people would need to itemize their deductions and the IRS would be able to process those returns more efficiently, thus SAVING MONEY. (that's a good way to reduce wasteful spending). GOD BLESS THE WORKING CLASS --------------------------------------------------------- OH, BY THE WAY: $40,000,000 per year, divided by 2,000 hours, equals, -------------------------- $20,000 per hour. The current "federal minimum wage" of $7.25 per hour multiplied by 2000 hours equals, $14,500 per year, which is $80 less than the “Federal Poverty Level” (FPL) of $14,580 per year, minus, the current "income tax deduction", of $13,850 per year, equals $730 ------- TAXABLE INCOME. THE "FEDERAL MINIMUM WAGE" IS LESS THAN THE “FEDERAL POVERTY LEVEL” (FPL) AND IS TAXABLE INCOME --------------------------------------------------------- The “Federal Poverty Level” (FPL), is published on the “U.S. Dept of Health and Human Services”, web-site. (RU-vid doesn't like it when I provide “non-RU-vid” links to my sources but you can look it up for yourself) And the current "federal minimum wage", is published on the “U.S. Department of Labor”, web-site. I STRONGLY RECOMEND: Stephen Covey's, 1989, book, “The 7 Habits of Highly Effective People”. See and hear Stephen Covey (1932-2012) himself give a presentation on the SECOND HABIT at: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-F_kNdcWJP7Q.html I also recommend the book “The 7 Habits of Happy kids” written by Stephen's son Sean Covey. AND AS A SPECIAL TREAT: Jannah Bolin, a student at Drakes Creek Middle School in Bowling Green, KY, wrote a song about the value of the 7 Habits and you can see and hear her here, at: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-sYDCJR_ApEQ.html Also listen to these “Willard North Elementary School” (Willard, MO), students sing the 7 Habits song, “Leader In Me”, written by Ty Bills to the tune of “YMCA” ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-I_ySkbFeRQo.html
Because so far they HAVE gotten away with. And if the orange menace gets in again (God forbid) he and all his corrupt cronies will be dedicated to smashing unions and more of the same. Glad to see the auto workers and writers stand up. Vote blue everybody!!! There's nothing the people can't accomplish if they make the effort.
The CEO admits her pay/bonuses depend on “ profitability” and the less she pays workers, the more profitable the company is. It’s simple logic, and it’s horrifying grade.
I hope every GM employee see's this and stays on strike till all CEO's and Management gets the FACTS that it's the real working men and women that make the company profitable!
That’s why she’s the CEO. Selling self-serving BS to every kind of stakeholder (e.g., employees, shareholders, customers, etc.) while maintaining a straight face is her job, and two facts tell us she is excellent at it: 1) Her salary is $29m/year 2) She hasn’t gotten fired yet
It is just stunning how GM CEO Mary Barra, when asked a direct numerical question about her 29,000,000 dollar per year pay and her 34% pay increase over the last four years, can't give a straight numerical answer about employee demands for a similar percentage pay increase. Those UAW workers are just as entitled to bargain for higher pay and keep up with inflation as any other workers in the companies, including top executives.
The non unionized company's sometimes give small incentives to keep their workers from unionizing. That used to be against the law. For example, the railroad companies that are non- union already have the sick days that the unions were asking for in their strike earlier this year. The union railworkers have ZERO sick days. As in, you lose your job, if you call in sick. That used to be against the law. It was considered "union busting). Our labor laws used to protect workers again.
It's appalling to think that people like her that make insane amounts of money for doing pretty much nothing to justify their salary then disregard the needs of her workers.
She's bragging about all the great things they've done but won't give the workers their fare share of pay and Union concerns. When the reporter asks her a question about what someone said she deflects the question back to the person and wants to move on without answering.
An old man once told me that when he was a CEO he didn’t know what to do but was happy everyone else did. That’s how they work they just hope everyone is doing their job.
Funny GM is making such profits, as they continue to cut cost, making vehicles cheaper yet jacking up the prices….corporate greed! The more people that continue to purchase the overpriced vehicles, the more they’ll continue to charge and raise prices.
Do you think she ever bolted a tire on one of these vehicles? Has she ever installed the damn transmission on these vehicles? It's insane how much she isn't worth 30 million annually.
Just had to come here and say THANK YOU to this reporter for actually asking this CEO what the hell makes her worth 30 million dollars a year. It's BS, and all her doublespeak made that point obvious. Only WORKERS make a company worth a damn thing.
How many times did she say "record agreement"? GM was bailed out by the American people. Now it's time to do the same for the people. We need more unions in this country. It's nice knowing you can work for a company for 30-40 years and be taken care of after you retire. Hard-working people deserve to relax after retirement. They deserve to buy that beef steak if they want.
She still makes over 2 million no matter what happens. Totally out of touch with the workers plight. They should ask for a 50% increase now. Great interview!
Probably less; they usually have huge tax loopholes they can take advantage of - plus, she (like most CEOs) has benefits that are not listed as compensation (like car and driver, access to private corporate jet, etc, etc).
If 92% of her compensation is based on the performance of the company, shouldn't the employees compensation be based on that as well? I find it so amazingly interesting that quite a lot of these CEO people actually think that they are the reason the company is successful. Has nothing to do with the employee work force. Yeah, right!
I read an article about sociopaths and professions. Turns out number 1 on the list is CEOs.. I googled the definition. Recognizable? Antisocial personality disorder, sometimes called sociopathy, is a mental health condition in which a person consistently shows no regard for right and wrong and ignores the rights and feelings of others.
Anyone remember the government bailout of the auto industry years back? What do you think caused it? It wasn't the executive's salary which isn't even a drop in the bucket when compared to profits. It was the unrealistic demands made by the unions that caused their downfall. I dare you to do some research and find out how much these UAW employees actually make. I think you might feel less sympathy for them.
In the interest of transparency, as of 2021 GM had a net worth of $168bn (which is likely higher now), so they could absolutely afford to pay their workers more money. And, if it’s performance related pay as this chick says, that’s double the reason to increase workers pay.
They have a net worth anywhere between the 50 billion market cap and the 168 Billion business appraisal, they have 224 billon dollars in assets and they made NET 9.8 billion dollars last year. So of the 224 billion in assets, they are making a net profit (return on investment) of just over 3.5%. That's not a loss, but is a very pore ROI. By my math a 40% increase in wages (not the 46% they are asking for) would be a $4.36 billion dollar increase in expense per year. That would mean the GM would either need to raise the average price of the 6 millon vehicles they sell by around $800 each to make the same amount of profit or the ROI to would be reduced to 1.75%.
I hope they keep striking, the tragedy is what it has to come too vs companies running a way that benefits all, but its pretty apparent she's another disconnected CEO. She straight up in devalued all of the workers she said at the best in the business and let them know her 30mill dollar salary is more important than theirs. But let's be very real and where all the corporate CEO types who bounce from one business to the next is actual value to the company; Now let's say she quit or was fire tomorrow, GM is built in a way that it could function for quite a while without her or any CEO and not even really missing a beat. Now if they loose their line level employees, as they are experiencing right now, what happens? Who really more important to the company? I'm not saying you go without a CEO you need the leader, but they can't survive without the workers. And Yes CEO's shoulder the weight of the entire company and have high stress jobs and should be compensated fairly for that, but if you're the leader of a company pocketing 30 million a year ( U.S. presidents Salary $475k) and you can't even give a straight answer to why your percent increase shouldn't match the employees, when that percent increase in actual dollars is going significantly based your bloated base salary, you are in the wrong job. All I saw in this interview was a shameful display of greed.
It’s sad how she kept saying they have the best manufacturing team yet that same team had to strike to get this “historical” offer that’s on the table. Why weren’t you paying the best team? Yet you line your pockets?!? 😑
It always amazes me how (with a straight face mind you), these corporate people try to tell you that "even though I'm paid 30 million, it's really not all that much"😂😂😂😂
If she publicly committed to adding $3M-$5M (or more) of her own compensation back into her employees it would skyrocket performance and increase public appeal, which would probably increase overall stock in the company
So many people out on “STRIKE”; Demanding higher wages, while ignoring the real problem..... WAGE DISPARITY. Many corporations have a wage distribution curve of 400 to 1; $100,000 per year, bottom tier wage; $40,000,000 per year, top tier wage. As Stephen Covey put it in his 1989 book, “The 7 Habits of Highly Effective People”: “It's incredibly easy to get caught up in an activity trap,... climbing the ladder of success only to discover it's leaning against the wrong wall.” “It is possible to be busy -- very busy -- without being very effective.” “People often find themselves achieving victories that are empty,...” “If the ladder is not leaning against the right wall, every step we take just gets us to the wrong place faster.” (Habit 2: "Begin with the end in mind") IT IS A HOLLOW VICTORY TO WIN THE BATTLE FOR HIGHER WAGES, ONLY TO LOSE THE WAR FOR EQUITABLE WAGES. LEAN THE LADDER AGAINST THE CORRECT WALL. --------------------------------------------------------- I suggest a “wage distribution law”, such as; "Wages, benefits, stock shares, and bonuses, SHALL NOT be distributed at a ratio greater than 4 to 1". (The loophole to the 4 to 1 LAW, is outsourcing, AKA: corporate restructuring) --------------------------------------------------------- THAT'S MY SUGGESTION ABOUT WAGES. SO WHAT ABOUT TAXES? Quick math: 40 hours per week, times 50 weeks per year, (allowing for 2 weeks of unpaid vacation), EQUALS = 2,000 HOURS PER YEAR The current "standard federal income tax deduction" for a person filing as an individual, is $13,850 per year, divided by 2,000 hours equals, $6.925 per hour. In other words, persons earning less than the current "federal minimum wage" of $7.25 per hour and more than $6.925 per hour OWE federal income tax! WHY ARE PEOPLE WITH THE LOWEST INCOMES PAYING ANY FEDERAL INCOME TAX AT ALL, WHILE ALSO QUALIFYING FOR VARIOUS GOVERNMENT AID PROGRAMS, WHAT WOULD HAPPEN IF WE WERE TO REDUCE THEIR TAX BURDEN? I strongly believe that the "fiscally irresponsible republican party" tax cuts for the rich, MUST be reversed. The taxes on the rich MUST increase and the "standard federal income tax deduction" MUST also increase from $13,850 for individual returns or $27,700 for joint returns, TO....... HOLD ON TO YOUR HATS....... $48,000 for individual returns or $96,000 for joint returns. The "Democrat Party" promises to raise the taxes on the "RICH", but how does that HELP THE MIDDLE CLASS. $48,000 per year, divided by 2,000 hours equals, $24 per hour. In other words persons earning $24 per hour or less WOULD NOT OWE FEDERAL INCOME TAX! AND WOULD HAVE MORE TAKE HOME PAY! (Good news for employers who already have a wage distribution curve of less than 1.5 to 1 and may be unable to afford a pay raise for their employees) THAT'S A VERY BIG MIDDLE CLASS TAX CUT (or as President Biden might say a “BFD”) As an added benefit to raising the "standard federal income tax deduction", fewer people would need to itemize their deductions and the IRS would be able to process those returns more efficiently, thus SAVING MONEY. (that's a good way to reduce wasteful spending). GOD BLESS THE WORKING CLASS --------------------------------------------------------- OH, BY THE WAY: $40,000,000 per year, divided by 2,000 hours, equals, -------------------------- $20,000 per hour. The current "federal minimum wage" of $7.25 per hour multiplied by 2000 hours equals, $14,500 per year, which is $80 less than the “Federal Poverty Level” (FPL) of $14,580 per year, minus, the current "income tax deduction", of $13,850 per year, equals $730 ------- TAXABLE INCOME. THE "FEDERAL MINIMUM WAGE" IS LESS THAN THE “FEDERAL POVERTY LEVEL” (FPL) AND IS TAXABLE INCOME --------------------------------------------------------- The “Federal Poverty Level” (FPL), is published on the “U.S. Dept of Health and Human Services”, web-site. (RU-vid doesn't like it when I provide “non-RU-vid” links to my sources but you can look it up for yourself) And the current "federal minimum wage", is published on the “U.S. Department of Labor”, web-site. I STRONGLY RECOMEND: Stephen Covey's, 1989, book, “The 7 Habits of Highly Effective People”. See and hear Stephen Covey (1932-2012) himself give a presentation on the SECOND HABIT at: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-F_kNdcWJP7Q.html I also recommend the book “The 7 Habits of Happy kids” written by Stephen's son Sean Covey. AND AS A SPECIAL TREAT: Jannah Bolin, a student at Drakes Creek Middle School in Bowling Green, KY, wrote a song about the value of the 7 Habits and you can see and hear her here, at: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-sYDCJR_ApEQ.html Also listen to these “Willard North Elementary School” (Willard, MO), students sing the 7 Habits song, “Leader In Me”, written by Ty Bills to the tune of “YMCA” ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-I_ySkbFeRQo.html
Her compensation in 2021 was $62 million. It's $28.9 million this year. She's taking home less than half what she did then. So why hasn't that result occurred?
@@lgull1People are showing up to watch those athletes. That's why WNBA can't pay their athletes more. A company with many other workers could be doing more than her or smarter. That's the difference.
you do realize that the players salary is not paid for by the ticket sales. those salaries are paid for by TV revenue when the NFL negotiates a new contract. If it was only tickets, these salaries would be half or less. Plus, less not forget, gambling keeps all sports relevent. @@ianditwin7443
Can someone explain to me the justification for ceo's to be making such amounts of money, especially in terms of an automotive company? what immense value is that one person bringing to the table beyond that of all the rest of the employees. Not to mention. if she's making that much. how much are those around her making? how many standard employee wages could her one 'salary' cover. these such things are ridiculous.
She never justifies why SHE makes this absolutely CRAZY RIDICULOUS Salary. But should we blame her, or the Board of Directors who agreed to pay her that amount?
@@w8lvradio She’s the CEO. CEO’s get a salary. On top of the salary, they can get compensation from other sources. 2.3 million a year is not ridiculous for a CEO.
Their increases & bonuses should've been negotiated based on growth from day one of bankruptcy. Whomever represented the UAW at that time messed this up
Reading through the comments makes me proud, even for a few minutes. We can all come together over wage disparity. I think we're tired of the greed, and the gaslighting.
You can tell, she really does not believe what she’s shoveling! Sad, she has been trained to do this her entire career. She received that training from a different generation of largely classic Capitalists who believe they deserve more than any one person needs or could spend. She now has generational wealth and all the worker is asking for is for their immediate generation to get a fair share of the good times.
