I repeat… If you make $100,000 for 40 years straight that is $4M. This dude(Ford CEO) made $21M in a single year. Ford’s share buyback program in 2022 totaled $484M. GM’a share buyback program totaled $3.4B in the past twelve months. We live in a fucked up world. Meanwhile, Ford/GM/Stellantis employees cannot afford to even buy the vehicles they make or feed themselves decent food.
this post was submitted on 18 Sep 2023
111 points (96.6% liked)
Technology
59312 readers
4649 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
GM's stock buyback program could also have afforded 24 years of employment with each person costing the company on average of 140k. I don't know what they budget per FTE on the bargaining unit, but the amount they spent on stock buybacks could've been put to compensation for 24 fucking years.
Executives and Investors should be terrified to walk in public.
Which is why they have personal shoppers, drivers, and jets.
And gated communities with guards and 24/7 police detail.
This isn’t France though.
May the bridges they burn light our way.
As their customer, i cannot afford to buy their vehicles either.
I don’t know much about this strike, but I’m happy they’re doing it. Fuck the obscenely rich. I say double down on the strike with these cuts/threats
That's where I'm at with all these strikes and stuff. They could be bordering on crazy demands and I'd still support em mainly cause fuck the establishment.
This is the best summary I could come up with:
"We went backwards roughly $10 an hour in wages over the last six years," UAW President Shawn Fain told NPR.
On the other, are the Big Three automakers — General Motors, Ford and Stellantis — who say they have put historically generous offers on the table, while also emphasizing that there are limits.
"Our goal is to secure a sustainable future that provides all our UAW-represented employees with an opportunity to thrive in a company that will be competitive during the automotive industry's historic transformation," Stellantis said in a statement.
Fain told Morning Edition on Monday that the union had "minimal conversations" with all three companies over the weekend, and the ball is still in their court.
Ford told 600 workers not to report to work at its Michigan Assembly Plant's body construction department because the metal parts they make need to be coated promptly for protection and the paint shop is on strike.
The historic strike kicked off right after the stroke of midnight on Friday morning with 9% of the UAW's nearly 150,000 union members walking off their jobs.
The original article contains 487 words, the summary contains 181 words. Saved 63%. I'm a bot and I'm open source!