Quote:
Originally Posted by Caymus
Nobody would buy stock in these companies as long-term investments. May have some value as short-term speculative trades. Ford stock peaked in 1997 and (old) GM went to zero in 2009. These new contracts will make them even less competitive with the rest of the world. Even now the Chicoms can make EV's 40% cheaper. The legacy US auto companies will need large tariffs and government subsidies in order to survive.
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Are you telling me that the compensation the CEOs are justified?
One of the biggest arguments the union members are putting forward was when the companies were in trouble the union step in, and their members took a hit and were never made whole. At the same time the CEOs incomes went off the charts. If you reduce the CEOs packages it would remove one of the unions grips.
Let's quickly look at the difference of a laborer and a CEO. A laborer screws up they are kicked out of a job. A CEO screws up and they are escorted off the floor with a muti-million-dollar parachute.