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GM CEO Secures $4.6 Million Pension

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#42 ·
Re: GM CEO Secures $4.6 Million Pension (FlashRedGLS1.8T)

Well here's another way to look at it. The average GM employee will show up for work after New Year's totally wasted, hung over, or just not in the mood to do any work at all. That first 15 minutes they spend pretending to work is what they will pay the CEO's entire year's worth of retirement with.
If that doesn't work for you, how about this? Out of every vehicle they sell in a year, about a dollar would go to the CEO's retirement fund. Even though you don't complain when they give away THOUSANDS of dollars on every vehicle in rebates and incentives, you suddenly care about them giving away ONE dollar to the CEO?
 
#43 ·
Re: GM CEO Secures $4.6 Million Pension (AZGolf)

Quote, originally posted by AZGolf »

If that doesn't work for you, how about this? Out of every vehicle they sell in a year, about a dollar would go to the CEO's retirement fund. Even though you don't complain when they give away THOUSANDS of dollars on every vehicle in rebates and incentives, you suddenly care about them giving away ONE dollar to the CEO?

I've got a better idea. Why not stick that dollar back into their cars to increase desirability, thus increase sales?
This number is simply ridiculous. I spend my days doing all I can to implement LEAN Manufacturing methods into our plants, to help us save a paltry few $100,000/year, instead of resorting to shipping work overseas. And here you have the CEO of one of the most dire corporations in the world sucking large sums of cash from a bleeding company.
And what I find even more amazing, is that people are defending this!
Whatever happened to lead by example?
 
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#44 ·
Re: GM CEO Secures $4.6 Million Pension (Dango330)

Numerous corporations, including UAL and GM, have shafted their employees while making top executives rich. It is not only the executive's responsibility for being so incompetent but also the responsibility of the Board of Directors, who actually have liability for corporate governance.
In the end, though, this guy will get his.....The law of Entropy says that no negative enterprise can be sustained....and Karma states that he will suffer for having caused others to suffer. Something bad will happen to him.
The thing I absolutely do not understand, though, is why these stupid executives make it. It is actually easier to be successful and make lots of money for employees and stockholders.
 
#45 ·
Re: GM CEO Secures $4.6 Million Pension (Dango330)

isn't america great?
regular people more or less have to produce something to justify their pay
those at the top (athletes, movie stars, CEOs) can just smile and if they don't burn down the building, they get millions for mediocre performance
great work if you can get it
 
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#46 ·
Re: GM CEO Secures $4.6 Million Pension (silver30v)

As a GM employee that actually TRIES to give (2) sh$ts about the future of the company, I must say:
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I work for a division who's morale has been soooo damn low for the past 11 years I've worked there... every time they do a survey on morale, they ALWAYS wonder WHY we are so pissed
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#47 ·
Wow... try explaining that to the familes of the poor suckers who have no jobs and it's XMAS morning...
Ahh, what can you do when you live in a shoe..
 
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#49 ·
Re: GM CEO Secures $4.6 Million Pension (240nut)

Quote, originally posted by 240nut »

In the end, though, this guy will get his.....The law of Entropy says that no negative enterprise can be sustained....and Karma states that he will suffer for having caused others to suffer. Something bad will happen to him.

Yeah, keep believing that, he will suffer one day and good things will happen to the poor bastards that he laid off to pay for his bonus.
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One day people will wake up and start shooting CEO's and other big$ exec's of large companies.
Ever hear of the French revolution? " Let them eat cake".
 
#50 ·
Re: GM CEO Secures $4.6 Million Pension (4thvw)

Quote, originally posted by 4thvw »

Ever hear of the French revolution? " Let them eat cake".

i believe the FR gave meaning to the phrase,
heads will roll.
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#51 ·
Re: GM CEO Secures $4.6 Million Pension (RDT)

Quote, originally posted by RDT »
i believe the FR gave meaning to the phrase,
heads will roll.
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Yes, that as well. If you don't know this already, Marie Antoinette when advised that the French peasants could no longer afford bread due to the ever increasing taxes to support the lavish lifestyle of the royalty replied " Then let them eat cake". It would not surprise me to hear something just as arrogant from Wagoner. There is an increasing number of angry unemployed people in this country that CEO's are completely out of touch with. Am I the only one that can see a parallel here?
 
#52 ·
Re: GM CEO Secures $4.6 Million Pension (AZGolf)

Quote, originally posted by AZGolf »
Looks like that works out to $14 per employee, which means he's getting paid about 15 minutes of work from each employee for running the company. Seems fair to me. After all, there's only one CEO.

It takes 2hrs to get 15mins of work from a UAW worker.
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#53 ·
Re: GM CEO Secures $4.6 Million Pension (Merc-MarkO)

The Polaroid CEO did the same thing. Except he cut everyone elses pensions out completely.
One of the more reasonable "higher ups" I've heard in the news lately is for Delta. Top guy took the biggest pay cut of any employee.
 
#54 ·
Re: (RDT)

Quote, originally posted by RDT »
there's an article in the sunday detroit news says that Toyota's CEO last year made less than a mil....
that from a company that made more than 10 Bil in net profits....


Yeah, but that's not a real fair comparison, since Japan's CEOs typically make about 10 times the average worker's salary, as opposed to the US, which is closer to 100 times (when factoring in stock options/bonuses/benefits).
 
#55 ·
Re: (masa8888)

Quote, originally posted by masa8888 »

Yeah, but that's not a real fair comparison, since Japan's CEOs typically make about 10 times the average worker's salary, as opposed to the US, which is closer to 100 times (when factoring in stock options/bonuses/benefits).


Why is that not a fair comparison? Sounds like the business plan of
some are not working while it's peachy for others. Interesting.
Definately shows a philisophical difference.
 
#57 ·
Re: (FatSean)

Quote, originally posted by FatSean »
Nobody wants limits on how much money THEY can make....just on how much money SOMEONE ELSE can make.

I don't see people calling for limits. This just seems like a bad business decision and terrible PR. When your company being watched like a hawk by the media and the public, the last thing you want to do is something stupid like this.
-Andrew
 
#58 ·
Re: (AndrewTosh)

I've come to the conclusion that a good 95% of the people on the CL have absolutely no clue on how big companies run, what determines executive compensation and the responsibility that comes with being a large firm exec. Hell, I probably don't have half a clue either but I know enough that most of the retorts above are adled and simplistic.
 
#59 ·
Re: GM CEO Secures $4.6 Million Pension (AZGolf)

Michael Eisner got paid $200 million the year Euro-Disney opened and was a catastrophic failure so this is pretty light in comparison.
 
#60 ·
Re: GM CEO Secures $4.6 Million Pension (4thvw)

Quote, originally posted by 4thvw »
It would not surprise me to hear something just as arrogant from Wagoner. There is an increasing number of angry unemployed people in this country that CEO's are completely out of touch with. Am I the only one that can see a parallel here?

What parallel? Not like the workers are going to grab their tools and storm the office to setup a worker's republic.
 
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