Quote:
Originally Posted by Lafourche1
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Mary Barra could divide her total compensation equally among everyone else at GM and for someone working 40 hour weeks it'd end up netting them a whopping extra 6 or 7 cents an hour, $130 or so over the course of a year. Add up all those other executives' pay and it's around 16 cents an hour, $300 per year.
I don't know about you, but neither number is what I'd reasonably call the difference between an average worker making it or not - it'd buy me around an eighth to a third of a single month's mortgage payment.
These ideas about executive pay taking from "the workers" (executives, managers, and non-union engineers are being all workers too) and holding them back from prosperity don't stand up to even casual examination, or 5th grade math.
By the way, apply that average to all 170,000+ GM employees and you get over $7 BILLION in labor costs. GM's net profit after taxes and labor and other costs is only a billion more than that.