Re: Pay climbs for auto execs

#1

"Jim Higgins" <gordian238 (AT) hotmail (DOT) com> wrote in message

Quote:

Ford Motor Co. chief executive Alan Mulally ranked first in the analysis
with a total compensation package of $39.1 million, which included an
$18.5-million bonus for leaving the Boeing Co. to take the top job at the
Dearborn-based automaker.
The pay raises, though, come as Ford, General Motors Corp. and the
Chrysler Group prepare for contract talks with the UAW. GM chief executive
Rick Wagoner received $9.6 million in total compensation in 2006, a 75%
pay raise from 2005. GM lost $2 billion in 2006, compared to a $10.4
billion loss in 2005.

DaimlerChrysler AG chairman Dieter Zetsche received $10.3 million and
Chrysler Group CEO Tom LaSorda $5.2 million, counting phantom shares
granted by the company.

These compensation packages will make it more difficult for the companies
to win concessions from the UAW when contract talks start in July, Morici
said.

No shit. "I want to pay you $2 an hour less and I just got a multi-million
dollar raise." That will go over really well.

#2

Edwin Pawlowski wrote:

Quote:

"Jim Higgins" <gordian238 (AT) hotmail (DOT) com> wrote in message
Ford Motor Co. chief executive Alan Mulally ranked first in the analysis
with a total compensation package of $39.1 million, which included an
$18.5-million bonus for leaving the Boeing Co. to take the top job at the
Dearborn-based automaker.
The pay raises, though, come as Ford, General Motors Corp. and the
Chrysler Group prepare for contract talks with the UAW. GM chief executive
Rick Wagoner received $9.6 million in total compensation in 2006, a 75%
pay raise from 2005. GM lost $2 billion in 2006, compared to a $10.4
billion loss in 2005.

DaimlerChrysler AG chairman Dieter Zetsche received $10.3 million and
Chrysler Group CEO Tom LaSorda $5.2 million, counting phantom shares
granted by the company.

These compensation packages will make it more difficult for the companies
to win concessions from the UAW when contract talks start in July, Morici
said.

No shit. "I want to pay you $2 an hour less and I just got a multi-million
dollar raise." That will go over really well.

I have never understood why the auto companies reward incompetence, how
they rationalize feeding the Demons of Stupidity.

#3

"Jim Higgins" <gordian238 (AT) hotmail (DOT) com> wrote

Quote:

I have never understood why the auto companies reward incompetence, how
they rationalize feeding the Demons of Stupidity.

It isn't just the auto companies..Oil companies do it, chemical companies do
it, etc.

The "good old boy" management system lets them believe that the managers are
the Jesus Christ's sent to the company. All others are 'peones'.

They carve up the roast, the employees get a few crumbs, and the
stockholders usually
get nothing but promises.

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Re: Pay climbs for auto execs

General Motors Discussions About General Motors vehicles (alt.autos.gm)

Re: Pay climbs for auto execs - 05-06-2007 , 08:53 AM

Re: Pay climbs for auto execs - 05-06-2007 , 11:48 AM

Re: Pay climbs for auto execs - 05-06-2007 , 08:34 PM