Originally Posted by Caymus View Post
How does all this allow Ford to compete against lower cost EV makers. They will be the highest cost manufacturer.
Quote:
Originally Posted by jimjamuser
One way for Ford and the US Big 3 to be more competitive is to REDUCE the CEOs' salaries. They are all making around 20 MILLION dollars per year. Japanese CEOs make one or two MILLION per year.
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Put that one to bed. Ford CEO makes $21,000,000/Yr. Ford makes around 6,500,000 vehicles.
So that wage amounts to about $3.25 per vehicle.
CEO wage has relatively small impact on auto cost. Unit cost is a function of Labor, Materials and overhead. CEO salary is a very small part of overhead.