I don't hate Mary Barra, or any other person...although I think she has made some bad decisions running Buick and Cadillac, and she allowed Ford to seriously one-up GM with the Bronco, Bronco-Sport, and Maverick. My comments about her are strictly concerning the huge gap in executive-vs.worker pay, and they also apply to a number of other executives in the industry as well. And the most classic example of someone being overpaid is not necessarily Barra, but (perhaps) Elon Musk.

 

I think I've said it before, but our CEO makes a **** ton of money, and I don't care in the least because it's a job no one could every pay me enough to do...

 

Anyhow, back to the strike. GM and Stellantis have matched Ford's 25% offer, so, if the workers ratify it, the end to the nationwide strike may (?) be on the horizon now....although still no word about pensions, which IMO are even more important.

 

Typo. meant Million Not Billion. I edited.

 

Elon Musk's salary is zero 100% of his compensation is performance based. If Tesla failed he would have ended up with literally ZERO. Nothing. Broke. As for Barra she will walk away with millions no matter what happens to GM.

I'm no fan of Barra but I wouldn't want her responsibility. A CEO gets blamed for everything rarely gets credit. The burden on their shoulders is tremendous. Would you do her job for $1 million/year? If there is such a person that will and is competent the board will hire them in a second. Saying a CEO gets X dollars when workers only get a small fraction is a highly partisan union talking point nothing more. Same kind of rhetoric you hear from a certain crazy haired guy that rhymes with Ernie. People love to hate on the wealthy but all want to be wealthy.

How about this, UAW workers accept a deal where compensation is 100% performance based. They get salary plus bonuses. They will never accept such a deal I wonder why that is. UAW treats their employer like the enemy if Barra or Farley had any ***** they'd tell the UAW to go kick rocks.

Unions have for the most part become parasites.

 

That's some sleight of hand regarding Musk's comp. He may well have a salary of zero, that's a distinction without a difference because what he does have is a weak and complicit board that agreed a comp package that's egregious by any reasonable standard and currently subject to litigation. At some point the level of comp crosses those reasonable standards, and he passed that point a long time ago IMO. As a point of comparison, Tim Cook has driven the post-Jobs Apple to massively larger market cap, revenue and margin than Musk has delivered for Tesla, but Cook does not have a weak and complicit board approving his comp and it's nowhere near Musk's.

 

Post that in the Tesla business thread not here.
https://www.clublexus.com/forums/ev-...ws-thread.html

 

Musk deserves, so do people like Gates. They innovated and developed those companies from the ground up. Unlike entitled Board of Directors voted in Auto CEO's. Many of those have run company's into the ground while obtaining multi million dollar salaries.

Consumers were not paying $5k over sticker price more for cars during Covid because of Auto CEO's management and business savvy leadership. The Chips? lol!

Also if, Tesla failed Musk would not even end up broke. Look at what happen to the 2 Blackberry CEO's. Their worth just only fell from Billionaires to a net worth still of $800 mil plus each many years later after the fall of Blackberry.

 

Agreed, take the risk you get the reward that's why America is the most innovative place by far. It's beyond tiresome to me when people bitterly complain about X person becoming filthy rich don't like it show them how it's done make a trillion dollar company and pay yourself $50,000/year. Pay your employees as much as possible so your company makes zero profit.
Supply and demand is a double edged sword.
Not accurate if Tesla and SpaceX went under Musk would have ended up with literally $0. Not to say he'd stay that way but at the time he would have been flat broke. There was no golden parachute, no compensation of any kind.

 

If Elon Musk ever ended up flat broke, I would be the Tooth Fairy LOL.

 

Deny reality all you want it almost happened he put his last dollar into saving Tesla and SpaceX.

 

You are 100% right, no one balks at actors, musicians, etc. making money based on their talent but someone with business talent is what people can’t stand. Interesting point of view. Like anything else typically the executives getting paid what they get paid is based on talent.

 

If you were offered a job at General Motors right now for $30 million/year would you refuse? Would you say I'll take the job but only if I get paid the same as the average assembly line worker.

 

HIS money or COMPANY money? Finances can be very hard to differentiate sometimes. Either way, Musk is certainly not going to be sleeping on any grates LOL.

Anyhow, we're getting off topic.....the strike itself.

 

I beg to differ. Actors, musicians, have to come up from the ground up working hard to obtain their wealth by individual hard work. CEO's are Board like voted in. The car market is in trouble right now. If they, like the big Banks started going under again, they would be right back crying to Congress again asking for a Taxpayer Bailout, again. The Actor or Musician would not. Look at the problems Will Smith had and Johnny Depp where they were not able to obtain new roles. I don't hate a CEO for being able to make the money they do, although the pay is not justified IMO unlike a Musk or Gates.

I just hate seeing CEO's that do not want to equally and fairly pay their workers who put in the hard work for production of that company's success. Yet they have even American CEO's Golden parachutes for themselves even if they fail in their job. While the worker would end up getting a pink slip and out of a job. Who thinks that it's a good look as the Company Leader to be getting all the millions of dollars in paycheck and a 34% increases? Then be stubborn moving your workers up from only 6% while the company is profiting? Way to keep that same energy rewarding yourself on profits, as if the workers were not involved in that success at all. Not the best for employee Management relations, nor public relations to those who work hard everyday just to put food on the table for their families. As if negotiating a settlement with the workers is going to put them out of business entirely. I guess Leading the current trending high profit company to a huge Auto workers strike will lead to new million dollar bonus for their CEO's shortly. lol!

Some company's and corporations the employees and workers all love the CEO and 100% support them. Some company's workers hate the CEO. Normally guess what those impact results are? The workers hardly ever tell you it's their Union that sucks, that's on their side.