Quote:
Originally Posted by Blackbird45
First, I don’t understand how the topic that was concentrated on the UAW strike evolved into EVs and climate change. CEOs represent business and let’s be honest their ideal goal is to create a produced without people entirely. No work force, no expense, no expense, more profits. The problem with this scenario, is one company gets rid of their work force it will be followed by another, until one day they wake up and realized everyone is unemployed and there are no shoppers for their produces.
Look there has been many posting that the unions are demanding too much and don’t deserve it and because of their demands their jobs will be shipped offshore. Let make it perfectly clear if the union members agreed to take a 40% cut in their salaries and a company believes they can save a buck they will still move offshore or innovate them out of a job. Business operates on profits people are just an annoyance.
The people these companies should really be interested in is the stockholders and if I had stock in one of these companies, I would demand a 40% cut in CEOs salaries and make them get rid of these golden parachutes.
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There is an interesting historical footnote about that last sentence where the CEO salaries are TOO HIGH. Around the mid-70s when Japan and Toyota were just entering the US market, I read where Japanese CEOs thought it would be obnoxiously GREEDY if THEY made more than 10 times the salary of their average factory worker. Compare that to during that same time period GE CEO Jack Welsh made about 300 MILLION per year.
.......That Japanese CEO's humble thinking (back then) goes a long way to explaining why Toyota and the other Japanese automobile brands have done so well in the US. I don't know and would be curious to know about TODAY does the Toyota CEO make only 10 times their factory workers?