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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

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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

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[-] KevonLooney@lemm.ee 1 points 1 year ago

I wrote that comment. EPS isn't technical, it's just the amount of profit made per share. It existed when Andrew Carnegie was around.

[-] Chetzemoka@startrek.website 2 points 1 year ago

I'm not sure I understand your point here. Yes, Andrew Carnegie made money by exploiting workers. That's why that period of time saw the birth of the American labor movement. Which is also why these workers are going on strike.

I'm glad you agree with me?

[-] KevonLooney@lemm.ee 1 points 1 year ago

You said:

Yes but one of the primary ways corporations are making money these days is by not hiring enough workers and not paying current workers 3x the salary even though they're expected to do the work of 3 people.

Why would you say "these days" when that has always been the case, except for a short period from 1940 to 1980?

[-] Chetzemoka@startrek.website 2 points 1 year ago

Because there was a short time where that wasn't happening, which proves that it's possible. I can amend my statement to "these days just like they did back in the gilded age" if that helps somehow?

[-] KevonLooney@lemm.ee 0 points 1 year ago

I guess, but usually "these days" doesn't include last century (80s and 90s).

[-] Chetzemoka@startrek.website 0 points 1 year ago

You're splitting some seriously irrelevant hairs

this post was submitted on 22 Sep 2023

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