Anotherpyr

Not my point. I stated that I thought they were out of control. My point was that the CEO salary divided by the number of employees does not come out to huge raises for everyone. The money they’re demanding has to come from somewhere as the CEO’s salary doesn’t cover it. The money will come from increases in car prices, reduced profits and thus lower stock prices meaning retirement funds take a hit. But it won’t come from or be covered by CEO or upper management compensation so it’s really a moot point what they make. Any meaningful employee wage increases will have minimal impact on their compensation. Do they make too much money? Yes and that should be fixed. Does that mean every employee CAN be paid anything that’s a reasonable multiple of it? No. Not without some kind of caps put in place. It would probably be easier to reduce CEO compensation than it would be to make employee wages anything comparable to current compensation ratios. So do you want more money? Or do you just want CEO’s to make less? They made 10.4 billion last year in profit. That makes for $59,770.11 per employee. But how sustainable is that profit and what is a $0/share company worth? And actually the number of employees makes a huge difference in CEO compensation. Small companies cannot support those kinds of numbers. Because they basically take a cut from every employee to pay themselves as they do not directly generate income. If you take $100/per year from each employee to pay yourself, then the more employees the more you make. This is basically why big bank CEO’s make millions while credit union CEO’s make thousands (Well hundred thousands).

I figure they started at ridiculous since they knew they’d never get what they wanted without starting there. I agree CEO salaries are out of control. But what people often forget is what they cost per employee. Ford’s CEO compensation was $23 million last year. With 174,000 employees that’s $132.18 per employee. So they’re asking for more than the CEO’s share.

If they all go on strike, the UAW will exhaust its strike fund in about 12-13 weeks. The big 3 can probably wait that out given that dealer lots have inventory. They knew this was coming and given the current state of the car market I think both sides are prepared for a long battle.

I can’t say that the cancel option is very reassuring given that it takes you to a survey form. No confirmation email or number upon completion. I didn’t expect the full refund option. It was a tough decision as it wasn’t their fault Lee decided to intervene. But I’d rather rebook the same cruise on a different date. Most likely end up being next year given that the refund won’t happen until October 12th.