Comment on 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

TransplantedSconie@lemm.ee ⁨1⁩ ⁨year⁩ ago

• MirthfulAlembic@lemmy.world ⁨1⁩ ⁨year⁩ ago

  “So if the company has performed so well, surely there’s plenty of capital available for increasing worker compensation!”

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  • TornadoRex@lemmy.world ⁨1⁩ ⁨year⁩ ago

    But when we pay the workers more the stock price doesn’t go up! Won’t anyone think of the stock price!

    /s just in case anyone wasn’t sure.

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• Wogi@lemmy.world ⁨1⁩ ⁨year⁩ ago

  “my pay is based on how the company performson how much value we can extract from our own employees.”

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  • mycatiskai@lemmy.one ⁨1⁩ ⁨year⁩ ago

    You and the person that you replied to are both wrong. Her pay is based not on company performance, it is based on how much she can game the stock market by spending capital on stock buybacks to inflate the price and get compensation via her stock options.

    Rules were put in place to tax CEO incomes and suddenly CEOs didn’t get paid in taxable income anymore, instead they get paid in stock options.

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    • gravitas_deficiency@sh.itjust.works ⁨1⁩ ⁨year⁩ ago

      Yeah stock buybacks definitely need to be made illegal again.

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