If you make $100,000 for 40 years straight that is $4M. This dude made $21M in a single year. Ford’s share buyback program in 2022 totaled $484M. GM’a share buyback program totaled $3.4B in the past twelve months. We live in a fucked up world. Meanwhile, Ford/GM/Stellantis employees cannot afford to even buy the vehicles they make or feed themselves decent food.
I thought he looked a lot like Chris Farley!
Read "Bullshit Jobs" by David Graeber guys. It's really worth it!
Total revolution needed. Workers that do the real thing barely can feed their mouth, while those useless management ceo got huge cut
No one should earn that kind of money period.
How could you be so heartless? How is he supposed to afford his second super yacht?
I'm with y'all on this, but demonizing a CEO misses a lot of context. While I agree that billionaires are selfish narcissistic people that couldn't care less about their employees, this CEO isn't a dictator operating in a socio-political vacuum. He needs to do what he is doing, or he gets replaced by another selfish narcissistic jerk that will abuse the employees.
The real issue is our system that creates and encourages these people to maintain and exacerbate these inequalities. We need more worker solidarity, more unions, and more organization among the lower classes to use our power to demand what we want. Otherwise, they will pull the strings that control the system to get what they want.
Additionally, I think rather than just demonizing the CEO, a person that could be easily replaced, we should praise the workers as well. It's a loving approach that feels better than hate, it's founded in collective principles, and it also celebrates their collective efforts which could encourage other workers to do the same.
What’s a perfect day for you? Waiting in line for your government cheese?
I get people see one-on-one comparison in salary and it can appear stark. But I do workforce management and planning for a career. The last place I worked at spent $2.1B in employee costs annually—around 17.5K active employees which is actually not that big—,while chief officers were on close to $1M. If they were canabalised, people would get a few extra bucks in their paycheck, fuck all.
The CEO got paid that well because they could handle a $2.1B employee cost company, so obviously other companies want them since few people can do that with success, so obviously they were paid their worth.
Edit: Granted, this is in Australia where there's a lot less capitalistic energy.
As an MBA, I will simply state that you all do not understand capitalism. A CEO is kind of like a sports star. They make what they make because they are making all the hard shots and keeping the team afloat. They are like the captain and coach of the team in one. It takes many years to curate the skills required to be a good CEO and there are only so many people good enough in each industry to take on the challenge. 21M is modest compared to Ford’s profits. If they provided less, he would simply move to a competitor in the same way that sports stars shop around. The idea that everyone in the company should have their salaries compared in terms of orders of magnitude of the CEO is insane. It’s like attempting to say that the janitor at a doctor’s office should have to make tens of thousands above the going rate of what a janitor’s output is worth on the open market simply because the star of the business is able to bring in a lot of money. In general, the idea that the CEO doesn’t work as hard as the line workers is incorrect. They CEO meets all day with direct reports and investors and steers the ship.
