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Sep 15, 2023
11:34
:56
am
Goliath
CB users union organizer
Yes, it is
https://workingcapitalreview.com/2016/08/studies-find-ceo-pay-not-linked-to-performance/#:~:text=Two%20recent%20studies%20on%20CEO,CEO%20compensation%20and%20company%20performance
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Goliath
Previous username
Koolio
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Goliath
Joined
May 25, 2005
Last login
Sep 7, 2024
Total posts
31,363 (1,869 FO)
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Messages
Author
Time
These UAW demands are amazing.
Abe Froman
9/15/23 7:35am
Seems like a non-starter to get pensions added back.
KingDave
9/15/23 7:40am
All you have to do is go through bankruptcy and the pension is worthless. 401k
TailgateU
9/15/23 11:04am
First rule of negotiation, anchor high. And UAW did just that.
WDaddy
9/15/23 7:41am
Worked great for the PAC 12.
Tokolosh
9/15/23 7:42am
The PAC didn't know when to back off the high demands. Same will happen to UAW
Corn Pop
9/15/23 7:48am
Betcha George Kliavkoff is advising the UAW 😃
Chad Francisco
9/15/23 7:57am
But the PAC didn’t have POTUS backing them. UAW might.
NYC and Japan
9/15/23 8:20am
Unless you're the pac12
machete
9/15/23 7:43am
Lol that’s true. They anchored high with no leverage and got called on their BS.
WDaddy
9/15/23 7:47am
AI and automation are not the threat to the US. It is the ridiculous expectations and sense of entitlement
BYU Tar Heel
9/15/23 7:44am
The concessions they got were really good so I don’t get the strike
Turnpike Lane
9/15/23 7:44am
UAW is asking for too much. Hollywood has been screwing over writers for decades
IrishBlue
9/15/23 8:22am
The writers who are valuable will get paid and the rest will be replaced by ChatGPT
BYU Tar Heel
9/15/23 8:36am
I think they’ll get the 32 hour week. Recent studies show it works
Longseason
9/15/23 7:45am
For office workers, not on a factory line. That’s crazy.
NotRelated
9/15/23 7:50am
Good point. Still think they’ll get it
Longseason
9/15/23 7:56am
I believe there are studies out of South Korean manufacturing plants that showed
downtownchrisbrown
9/15/23 8:00am
What happens when that becomes the norm and is too much for them? Workers then want a 28 hour work week?
No touching
9/15/23 8:08am
It isn't about what they want as much as what's productive. Sometimes less=more
runnincoug
9/15/23 8:19am
I keep hearing this but it seems like if it were true they wouldn’t have to
CaliforniaCougar22
9/15/23 8:28am
Alot of people don't believe research that contradicts their beliefs including
runnincoug
9/15/23 9:16am
As they are a union they do.
originalsocal
9/15/23 9:47am
But you then must hire more workers anyway. Or, just automate everything.
LeGrandBleu
9/15/23 8:29am
Productivity follows an S curve with a very truncated start. Workers fulfill the most valuable task first, then the next
RobertCohn
9/15/23 10:11am
Just remember how easy it is to lie with statistics. Productivity per hour
delbert
9/15/23 11:56am
I would think it would be more true for factory floor where the work is
IrishBlue
9/15/23 8:24am
But in an auto plant you are on a line. It doesn’t matter how energized you are,
cougsareforreal
9/15/23 1:46pm
UAW is just begging Ford and GM to ship jobs overseas 🤡
Chad Francisco
9/15/23 7:45am
Shift back to defined benefit pensions?
Indy Coug
9/15/23 7:47am
1965 called and wants its retirement plan back
Chad Francisco
9/15/23 7:49am
Wait. You can call people back then?
TNT
9/15/23 7:51am
Oh yeah, 1965 telegraphed and wants its retirement plan back
Chad Francisco
9/15/23 7:54am
Fascinating. Maybe TNT will call his grandmother
TNT
9/15/23 7:55am
Might have to bring in Pony Express for that one
Chad Francisco
9/15/23 7:57am
I like it. The defined benefit could be $1 per week.
TeeKaa
9/15/23 8:04am
That’s too high
Chad Francisco
9/15/23 8:09am
$1 quarterly.
TeeKaa
9/15/23 8:19am
Better, folks should be responsible for own retirement, that’s what 401k for!
Chad Francisco
9/15/23 8:57am
If they only have a DB plan, employer retirement contributions go WAAAAAY down.
TeeKaa
9/15/23 9:11am
I support the idea of unions but too many are way too greedy and turn me off
runnincoug
9/15/23 7:48am
Try being a first line supervisor at an OE and get back to me...
Catfish
9/15/23 7:52am
No thanks. But being a finance manager over a vehicle product line sure is stressful…
Tokolosh
9/15/23 8:01am
It's the worst.
MotorCityCoug
9/15/23 8:58am
I have mixed feelings. My step-father worked for Goodyear Aerospace and was a
AF_Puma
9/15/23 8:26am
I agree! Unions can be really important. I want to be pro union, but...
runnincoug
9/15/23 9:26am
100 years ago, yes. Now? Unions suck, especially the ones you listed.
TeeKaa
9/15/23 9:45am
As long as CEO pay is completely insane we will unfortunately need unions
Mitty
9/15/23 10:31am
CEOs get paid $$$ because they make the tough decisions that have huge impact. A person with even a slightly higher
RobertCohn
9/15/23 10:42am
Yeah, they do. Their huge bonuses show no correlation with doing a better or
Goliath
9/15/23 10:45am
That's not true at all.
Skeptical Optimist
9/15/23 10:48am
Yes, it is
Goliath
9/15/23 11:34am
Oh, we should have called you to assess how well CEOs are doing? What are your metrics?
RobertCohn
9/15/23 11:35am
There's really no evidence paying ceos more money gets you better people.
runnincoug
9/15/23 11:05am
That's why CEO pay has so many options involved. They should be paid for success
TailgateU
9/15/23 11:11am
They have leverage and can negotiate whatever they want. Shareholders (investors) are free to say no.
RobertCohn
9/15/23 11:43am
First of all, show a CEO getting paid billions that isn't entirely performance related pay (stock).
RobertCohn
9/15/23 11:39am
I've been on BoDs hiring CEOs as well and think you're way overselling their
runnincoug
9/15/23 11:46am
You must be working with some spectacularly average CEO candidates
RobertCohn
9/15/23 11:48am
When in doubt, say the evidence against you is politically motivated I guess!
runnincoug
9/15/23 12:00pm
Lol what? It's basic math bud. Someone running a $200 B market cap company can destroy billions of value instantly by
RobertCohn
9/15/23 6:34pm
You could not be more wrong. CEOs aren't these magical people that
Mitty
9/15/23 12:09pm
I have no issue paying the CEO of Ford 20 million per year when Robert Downey Jr
delbert
9/15/23 12:05pm
Half of super bowl winning qbs over the last 10 years have been in the BOTTOM
runnincoug
9/15/23 12:26pm
Does that stay true after they won? I would expect their next negotiation to start with “so, about that Super Bowl win”
TwinsRight
9/15/23 1:03pm
oh sure. But paying a QB 10x more than another doesn't predict a SB win like
runnincoug
9/15/23 1:54pm
Paying the good ones absolutely. However companies have some pathetic ones and
Blue for Life
9/15/23 4:00pm
Most of those demands are to recapture benefits that were taken away
Everyman
9/15/23 7:50am
Moral and economic high ground? To bring back pensions?
Iman23
9/15/23 7:52am
Those demands outrageous, they lucky US still has auto industry to provide jobs
Chad Francisco
9/15/23 7:53am
Correct.
shammy
9/15/23 7:59am
And then will proceed to lose all of those cushy jobs
nova_coug_fan
9/15/23 7:54am
I'm generally not a fan of unions
Goliath
9/15/23 7:57am
<< Deleted >>
Cougarmayn
9/15/23 7:59am
None of the automakers’ stock has been strong over the past five years
RevolutionDeathsquad
9/15/23 8:16am
They are only striking at a couple of plants because they know that their funds
AggieWeekendCougar
9/15/23 7:51am
Unions-where your pay scale is determined by the least productive person
Notparticularly
9/15/23 7:56am
Execs at car companies got a 40% pay increase over the past few years
Goliath
9/15/23 7:56am
If the GM CEO reduced her salary to $0 and distributed it across all GM workers,
Skeptical Optimist
9/15/23 8:07am
The point still stands
Goliath
9/15/23 8:18am
UAW employees all got profit sharing checks in addition to regular pay.
rad dawg
9/15/23 8:19am
I don't know all the facts and details of this issue
Goliath
9/15/23 8:25am
Execs don't work 32 hour weeks
rad dawg
9/15/23 8:33am
I don't think they went on strike because they weren't getting 32 hr work weeks
Goliath
9/15/23 8:45am
You must be an exec.
Y-Phile
9/15/23 10:10am
My last CEO was amazing. Guy worked 24/7 and implemented a strategy that will
LeGrandBleu
9/15/23 11:33am
RE: I don't know all the facts and details of this issue
AggieWeekendCougar
9/15/23 8:52am
GM profit for 2022 was $23 Billion. Mary Barra's $29 Million in compensation
Skeptical Optimist
9/15/23 8:22am
You completely missed the point.
Y-Phile
9/15/23 10:07am
This is TIC right?
rad dawg
9/15/23 8:19am
What if the execs had lost 10% over the past few years, would you be in favor of
Penske Material
9/15/23 8:28am
I, for one, can't wait to pay $85,000 for a Chevy Cobalt so that low skilled
Skeptical Optimist
9/15/23 7:58am
Kids who barely graduated high school never had it so good
KingDave
9/15/23 8:02am
Sarcasm? Getting a union gig out of high school and being to raise a family, buy
vagabonder
9/15/23 8:08am
My grandpa had that 40 years ago, and for many parts of the country these Union jobs dried up long ago.
KingDave
9/15/23 8:21am
Things are different now, yes. But look at house/car/toys/vacations etc. then.
Madam Pattirini
9/15/23 8:23am
They still can. But now everyone thinks they need two cars, a 3000 sq ft home, 4 iPhones, cable and high speed internet
RobertCohn
9/15/23 9:14am
Where can someone own a home, a car, afford health insurance, plus support a
vagabonder
9/15/23 10:32am
Minimum wage is an unfair target, though.
Madam Pattirini
9/15/23 12:04pm
I don't find it offensive, though.
Madam Pattirini
9/15/23 8:10am
I get wanting more pay but 32 hrs a week is just laziness
CaliforniaCougar22
9/15/23 8:11am
I get the raises but going to a 32 hour work week.
Blue for Life
9/15/23 8:42am
RE: I get the raises but going to a 32 hour work week.
Doogal McCougar
9/15/23 8:55am
All those workers are welcome to move there abs get a job.
Blue for Life
9/15/23 9:08am
I own a ford and every part of that car says “made in Mexico” or assembled.
Magneto
9/15/23 8:47am
All three companies will be bankrupt in the next 15 years. They are dinosaurs.
BostonCougar
9/15/23 9:11am
Not all three but likely one...
Catfish
9/15/23 10:26am
This will spur on the advancement of even more manufacturing automation. Why spend $40 billion on employee wages and
buhlcougar
9/15/23 9:14am
Exactly this.
BluebloodOR
9/15/23 9:18am
Exactly this +1
Mtbcoug
9/15/23 9:32am
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