Journalist asks GM CEO Mary Barra about $29 million paycheck after UAW strike — On average, the Detroit Three’s CEOs are making 40 percent more today than they did four years ago::On average, the Detroit Three’s CEOs are making 40 percent more today than they did four years ago
GM has increased their EPS by 50% over the past 4 years. That 40% increase actually seems appropriate, although I think the amount is too high. Basically it started from too high a number, but 40% seems ok.
She is not in charge of the stock price. Her job is to make sure they make money. She has done that.
Yes but one of the primary ways corporations are making money these days is by not hiring enough workers and not paying current workers 3x the salary even though they’re expected to do the work of 3 people. So in that way, her salary IS directly tied to exploiting the workers
Do you think JP Morgan or Andrew Carnegie were generous with their workers? Only when they had to be.
(I’m really referring to times since the modernization of stock valuation since the other comment refers to technical financial data like EPS.)
I wrote that comment. EPS isn’t technical, it’s just the amount of profit made per share. It existed when Andrew Carnegie was around.
I’m not sure I understand your point here. Yes, Andrew Carnegie made money by exploiting workers. That’s why that period of time saw the birth of the American labor movement. Which is also why these workers are going on strike.
I’m glad you agree with me?
You said:
Why would you say “these days” when that has always been the case, except for a short period from 1940 to 1980?
Because there was a short time where that wasn’t happening, which proves that it’s possible. I can amend my statement to “these days just like they did back in the gilded age” if that helps somehow?
I guess, but usually “these days” doesn’t include last century (80s and 90s).
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