Ford reaches tentative UAW contract.
Who would of thunk? How would you like to get a $9000 ratification bonus on top of your raise along with no healthcare cost increases or changes in coverage? And $3500 if you're a temp? Anyone w...
Forum Discussion
pjgoeman wrote:
No one forced the auto companies to agree to these contract terms but somehow it's the greedy union's fault? Based on the multi multi million dollar salaries and bonuses paid out to executive management there's obviously plenty of money to go around and we're the knuckleheads who keep giving it to them.
So if they don't sign the contract then what happens? Can they still make cars? Can they just hire different workers who will agree to work for the old terms. What if they are in a state that forces unions? So saying their hands aren't forced is a little farce.
In order to hire good CEO's, you have to pay them well. A good CEO will actually make the company and it's shareholders way more than what he is paid. This is the reason why they are paid like they are. For example, I save my company over $15 million a year while many of the executives above me like my direct VP saves the company way more from his ideas on improvement and efficiency. Things that many of the other workers would not even think of. These types of savings and gains more than justify our salaries and bonuses. Of course I have to continuously justify my position year over year and I can't just rest on what I did last year. The same goes for many people on the executive level that has to answer to the board.
CEO's and other executives are just like anything else. You get what you pay for in many circumstances. A good will be worth his salary and bonuses. Of course a bad one will not, but then again they will not get their bonuses either and will generally not be in their position for very long if they keep showing a loss without improvement.
