359

Journalist asks GM CEO Mary Barra about $29 million paycheck after UAW strike — On average, the Detroit Three's CEOs are making 40 percent more today than they did four years ago (www.carscoops.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

25 comments fedilink hide all child comments

Journalist asks GM CEO Mary Barra about $29 million paycheck after UAW strike — On average, the Detroit Three's CEOs are making 40 percent more today than they did four years ago::On average, the Detroit Three's CEOs are making 40 percent more today than they did four years ago

you are viewing a single comment's thread
view the rest of the comments

[-] mycatiskai@lemmy.one 5 points 1 year ago

You and the person that you replied to are both wrong. Her pay is based not on company performance, it is based on how much she can game the stock market by spending capital on stock buybacks to inflate the price and get compensation via her stock options.

Rules were put in place to tax CEO incomes and suddenly CEOs didn't get paid in taxable income anymore, instead they get paid in stock options.

[-] gravitas_deficiency@sh.itjust.works 7 points 1 year ago

Yeah stock buybacks definitely need to be made illegal again.

this post was submitted on 22 Sep 2023

359 points (98.1% liked)

Technology

59287 readers

4408 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