Ford has 186,000 employees. His entire salary, divided amongst every employee, would be $112.90.
He’s certainly overpaid - like pretty much all CEOs - but this is a bad example.
Its called juxtaposition my guy, Ford also spent almost half billion on stock buybacks last year which could have been used to give every Ford Employee a $2500 bonus to share their profits, but instead they used it to buy back stocks…
Well see that’s a good example. Ford is a profitable business, and should be paying their employees. All I’m pointing out is that the CEO’s salary - in the specific example of this business - does not represent a significant proportion of what is being taken from the average employee. That’s most likely going to the shareholders.
The CEO’s are partially to blame, but more blame lies with the shareholders, and also the legal system that mandates the CEO’s act in the interest of the hypothetical worst, most profit-hungry shareholder.
The dividend is only 15 cent a share. It is almost 10%. It should be around 5%.
Personally I think there should be a law you can’t borrow to pay dividends. They must come from cash
Did the post day to divide his salary to everyone or did it laugh at the thought of a living wage bankrupting his company?
No the post compared his salary to the employees earning $66,000 or above. I’m not sure what the median income is at Ford, but I’d guess it’s less than that - so really the post is only in support of less than half of the company’s workforce.
Yes, the post did just that…
…while laughing at the thought that raising the lower paid people’s salary will bankrupt his company.
Your attempt to spin the memes meaning around is an amount of reaching that I’d recommend stretching for next time
Sure, but Ford made a profit of 10 billion last year according to google. That means that they can give every single one of those 186k people a 6000$ raise and still be left with almost 9 billion in profit.
Yes, that’s a good example. All I’m saying is the CEO’s salary is not the root problem here. It’s more of a symptom.
Isn’t the CEO one of the main people that decide salaries? When you’re ok with you having a multimillion salary and you say that others should be happy with 60k a year… that sounds like a problem to me
I get people see one-on-one comparison in salary and it can appear stark. But I do workforce management and planning for a career. The last place I worked at spent $2.1B in employee costs annually—around 17.5K active employees which is actually not that big—,while chief officers were on close to $1M. If they were canabalised, people would get a few extra bucks in their paycheck, fuck all.
The CEO got paid that well because they could handle a $2.1B employee cost company, so obviously other companies want them since few people can do that with success, so obviously they were paid their worth.
Edit: Granted, this is in Australia where there’s a lot less capitalistic energy.
Companies should just do a rotational CEO from their pool of workers and give the position a nice 20% salary bump for the term of the position.
Salaries should by law be capped at max 10 times the lowest
Then they’d just get two jobs at the same company, and get two salaries or some other loophole the lawmakers planned for the whole time.
Preferable to 319 jobs I’d say.
You people see the fuckery, shrug your shoulders and say “eh - just let them get away with it”.
Fuck that, and fuck them - don’t be conned into emptying your pockets to spare them the trouble of robbing you.
Doesn’t Japan have a system like that? The difference in the lowest and highest paid employee can only be so many thousands different?
Yep, my friend works in a Japanese company and his CEO only makes 3x his salary.
It’s unfortunate that it also requires you to live within shooting range of North Korea and China. Because Japan is a nice vacation spot.
Why are these posts specifically aimed at car company CEOs?
Are they begging for money in Congress again ?
Is this an anticar thing ?
Are they in union négociations ?
Because this is the trending politics community. I meant it says so right th…oh … “memes”? That’s the same thing, right?
What ever happened to making memes just to make someone smile for a moment and not a means to publicize an agenda? We get it, you’re a liberal who hates capitalism. Enough already…
I do not see others laughing. This isn’t exactly funny. How is a CEO getting paid much more than the average worker supposed to make me laugh? This more of a news article snippet than a meme
To add this for posterity, there is an additional component to the U.S. autoworkers union striking. In 2008 during the global financial crisis (with things like robosigning foreclosures, predatory loans with ballooning interest rates, etc.), some U.S. automakers were asking for government bailouts, which eventually were granted. These bailouts were entirely taxpayer funded. Now the automakers are refusing to meet union contract negotiations. Automakers not paying employees cost-of-living, or frankly, just salary increases is upsetting, but the additional hypocrisy of U.S. tax-paying citizens bailing out these companies with their own money in 2008, and then not having the companies return some of the wealth in 2023 is enraging.
Edit:
Forgot to add that when the automakers were begging for government bailouts, the automakers had to take away worker pensions and some benefits to “protect the system”. In 2023, the U.S. autoworkers union is fighting to get those benefits back for the workers.
