If you make $100,000 for 40 years straight that is $4M. This dude 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.
No one should earn that kind of money period.
Anyone curious there’s approximately 177k Ford employees, and 21m divides to a little over 117k a person.
The union is asking for a 40% raise over 4-5 years. So 40% total spread across 4-5 years. Average wages are 100k (60k-130k). That’s 24k a person. All together is 4.3m rounding up.
He’d go from 21m to 16.5 mill, if his wages are totally stagnant, and he doesn’t get any kind of yearly bonus, which I really doubt he isn’t, and then also considered most CEOs make the majority of their yearly net gain in stocks alone.
