- Banned
- #181
not true.. the disparity in terms of CEO's average pay and workers average pay has steadily increased. These are facts.The whole CEO makes millions and we make pennies argument is a red herring. You take a company like Boeing where the CEO made 22 million for 2022 and if you took his pay to spread out to the other 140K workers within the company, it comes out to like $150 raise every year. Chump change and you still need to pay someone to run the company and keep it a going concern.
Back in 2009 when Chrysler was looking to go bankrupt and I am not talking about reorganization bankruptcy but a real chance of the company going into liquidation bankruptcy, the UAW was all crying for the govt. tit bailout.
The govt. came in and forced a reorganization bailout courting the eventual then buyer that was FIAT. The govt. forced the UAW to have skin in the game by insisting the UAW buy shares into the new company that were borrowed on the solvency of the UAW pension fund and make the UAW have a board seat with input on the company's direction going forward.
When FIAT came in and became a major but not majority state holder in the new Chrysler (now FCA), the UAW chaffed at being on the board and could not sell their shares to FIAT corporate fast enough to get off the board.
So the UAW likes to talk a big shit about about CEO pay and so called corporate greed, but when they were given the opportunity to have input and say on the company being run, they ran from it because they like their usual troupes of playing the wage worker victim rather than being in the inside to make the change they all clamor about.
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