I like Shawn Fain, wish he was in charge when we struck.
this post was submitted on 18 Sep 2023
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Executive pay is notoriously complicated to calculate because so much of it comes in the form of stock grants or stock options. A detailed look at the compensation packages at all three companies shows how the UAW’s claim both overstates and understates reality, depending on the view.
Seems like a reason to make executive pay less complicated, doesn't it? Or at least formulate a way to calculate it in a way that makes it easy to compare to hourly and salary employees' compensation.
Tldr: 40.1% because one of the big 3 had a huge increase but also they all pay worse than average compared to the fortune 500. (almost 2x worse)
I mean they’re asking for 10% a year when inflation was just at 18% so like lol. Fuck man it’s not like that’s huge. Of course it sounds big they need to catch back up after years of stagnation.