Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Big American corporations are making more money, and creating more jobs, outside the United States than in it.
CEO pay, meanwhile, has soared. The median value of salaries, bonuses and long-term incentive awards for CEOs at 350 big American companies surged 11 percent last year to $9.3 million (according to a study of proxy statements conducted for The Wall Street Journal by the management consultancy Hay Group.). Bonuses have surged 19.7 percent.
This doesn’t even include all those stock options rewarded to CEOs at rock-bottom prices in 2008 and 2009. Stock prices have ballooned since then, the current downdraft notwithstanding.
In March, 2009, for example, Ford CEO Alan Mulally received a grant of options and restricted shares worth an estimated $16 million at the time.
But Ford is now showing large profits – in part because the UAW agreed to allow Ford to give its new hires roughly half the wages of older Ford workers – and its share prices have responded. Mulally’s 2009 grant is now worth over $200 million.
The ratio of corporate profits to wages is now higher than at any time since just before the Great Depression.
Ford, GM, and Chrysler have no doubt kept more jobs on-shore than most major US employers, and that should be applauded. It cannot be done with $28 wages for entry level, Cadillac benes stretching cost to $73/hr. 2 tier was a great compromise, and it saved jobs. PS, new GM contract raises are almost exclusively lower tier, some going up $3.50/hr.
Ford workers voted to accept a full Tier 2 plant that otherwise was going to Mexico.
This is what will kill Union shops in the future.
Most unions I have worked for in the past have the older/senior Union members continually sell out the younger/entry level workers with the 2 tier system.
These guys don't care about younger Union brothers as they have already got theirs.
You know what will happen in the future ???
Younger workers will refuse to strike or back Senior Union members.
Why would anyone in their right mind support someone that has sold them out and retained better wages and benefits for themselves and ignored newer workers doing the same jobs for less money, vacation and benefits.
antarez, W/O Two tier, many corps would be 100% offshore. How does that help your union bros? It never really was a choice of 1 vs 2 tier, it was 0 or 2 tier.
There has rarely been a post on this forum that I disagree with more.
Those guys get more than a worker bee could earn in a thousand life times.
They'll lay you off tomorrow if it'll boost their bonus without the slightest regret
Quote:
Originally Posted by antarez
So true !!!
Nobody owes you folks anything. Nobody owes you a job. Nobody owes you an income. Nobody owes you a meal.
I've been laid off before, and I always knew it was coming and why. If your skillset doesn't match your employer's needs, you will be laid off. And yes, they will lay you off with no regrets.
You dust yourself off, go back to school, and develop a skillset that will be valuable to someone who wants to employ you. If you're smart, you get proactive and go to school before it hits the fan. If you're a dope you sit around and complain about those mean CEO's.
Big American corporations are making more money, and creating more jobs, outside the United States than in it.
CEO pay, meanwhile, has soared. The median value of salaries, bonuses and long-term incentive awards for CEOs at 350 big American companies surged 11 percent last year to $9.3 million (according to a study of proxy statements conducted for The Wall Street Journal by the management consultancy Hay Group.). Bonuses have surged 19.7 percent.
This doesn’t even include all those stock options rewarded to CEOs at rock-bottom prices in 2008 and 2009. Stock prices have ballooned since then, the current downdraft notwithstanding.
In March, 2009, for example, Ford CEO Alan Mulally received a grant of options and restricted shares worth an estimated $16 million at the time.
But Ford is now showing large profits – in part because the UAW agreed to allow Ford to give its new hires roughly half the wages of older Ford workers – and its share prices have responded. Mulally’s 2009 grant is now worth over $200 million.
The ratio of corporate profits to wages is now higher than at any time since just before the Great Depression.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
