Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

multigraincracker

(34,075 posts)
Mon Sep 18, 2023, 06:19 AM Sep 2023

Saw the CEO of GM a few days ago on tv.

She was almost in tears about how broke the company is. We need every dime to invest in new technologies and can’t afford raises for the workers.
My first thought was, how about you returning $20 million of that $28 million you got last year and wouldn’t that $500million you spent on stock buy backs last year been better spent on new technologies?
Cry me a river.

11 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Saw the CEO of GM a few days ago on tv. (Original Post) multigraincracker Sep 2023 OP
Exactly. piddyprints Sep 2023 #1
The essence SpamWyzer Sep 2023 #2
Invest in AI tech that will multigraincracker Sep 2023 #3
They will program themselves Wicked Blue Sep 2023 #4
Magic 8-Ball orthoclad Sep 2023 #6
This says it all: orthoclad Sep 2023 #5
Saw one the other day and I'm getting one. multigraincracker Sep 2023 #7
Crunchy, with ketchup orthoclad Sep 2023 #8
My late husband BonnieJW Sep 2023 #9
A killing in more ways than one. LiberalFighter Oct 2023 #10
Do you suppose they are bucking for a federal bailout? Valdosta Oct 2023 #11

piddyprints

(14,815 posts)
1. Exactly.
Mon Sep 18, 2023, 07:10 AM
Sep 2023

These CEOs sure are selfish bastages. Are they so bad at money management that they can’t live on, say, $1 million/year? I’m sure there are a lot of workers who’d like to take that challenge.

I will never understand why companies consider it a good thing to have such a huge difference in compensation between the CEOs and the workers who actually make the companies profitable.

BonnieJW

(2,548 posts)
9. My late husband
Mon Sep 18, 2023, 08:18 AM
Sep 2023

worked for GM for 42 years. He died in 2018 and I am able to live without fear on his pension and social security. The fact that he worked for the same company for 42 years says everything about what a good company it was. Every benefit we had showed how the company valued its workers. And now, all those benefits are gone.

The striking workers are trying to make a living, the CEOs want to make a killing.

Latest Discussions»Issue Forums»Omaha Steve's Labor Group»Saw the CEO of GM a few d...