Reporter asks CEO about her nearly $29 million in compensation as workers strike
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- Опубликовано: 11 июн 2024
- CNN's Vanessa Yurkevich interviews GM CEO Mary Barra as the United Auto Workers union is on strike against major US car manufacturers.
She makes 29 million a year. Based on 260 working days in a year that's 111,538 dollars a day. Divided by 8 hour work day comes to 13,942 dollars an hour. If divide by 60 minutes she earns 2324 dollars a minute. She takes a 5 minute potty break and gets 11970 for her effort. TRULY OBSCENE.
Fantastic breakdown !!👌
Should make it a slogan. "CEO's get 12,000 for taking a shit, we get shit"
Can I please shack your hand on that, thank you❤
Problem is a CEO of a company this size isn’t working 8 hours a day lol. Try like 13-14 hours per day. I realize that isn’t denting her income but she’s putting in the work. What people don’t realize maybe is that the bigger a company is, the bigger the risk it has of failing. When she’s speaking of the nature of the industry being cyclical, she’s speaking to this point, in which management needs to really be managing the finances very closely as a few missteps can be disastrous. The bigger one is, the harder they fall would be a summation. Just look at major companies in history that have shut down in a real hurry. Trust me she has major major pressures on her everyday managing a company like GM. Yes I realize her income is off the charts in comparison to the masses but there’s not too many of these people out there that have the credentials to hold these positions .
There should be a limit to capitalism. Like, a CEO pay limits.
She just admitted to the world that her 40% increase in salary is thanks to the people she's fighting against. The only thing more disgusting in this video, is the fact she wasn't pressed even harder by the reporter.
CEOs are not as important to a company as their salaries would have you believe.
Name almost any large company and look at what the CEO's make it is huge. So this is not a big surprise. CEO's of ALL the automakers have always gotten huge salaries.
Toyota ceo makes $4.6 million. That's more like it, not 30 million, what a joke
CEOs make their money by robbing their workers period.
I'm aware that CEO pay is high for most major companies, but telling your employees there's not enough money for them, while simultaneously making record profit AND pulling in 30 million is grotesque.
Paying a CEO 5 million is far less absurd. And they will still be significantly more wealthy than the rest of the employees even if you split the other 25 million between them.
You could even take the extra 25 and put it towards fixing roads and bridges. It won't be enough to pay the full bill on infrastructure, but it's 25 million more than what would otherwise be spent.
How about passing some of that back to the consumer and cut prices.
She’s a broken record: she repeats the same line over and over because she has no real answers. She gets 34% but 20% for her employees is a “historic deal”
😭😭😭😭
Entitlement on the part of the CEO is what we have here. Sad because it is creating such division in our country. No one deserves this amount of compensation UNLESS they are the founder and sole owner of the company. The reporter did a great job, unlike most now days.
And what if CNN is lying to you? Who then is doing the dividing?
Mary Barra, the CEO of General Motors actually earns a salary of $2.1 million/year. She gets $6.2 billion in performance bonuses (like what they offered to employees), and the rest in stock award gains. Meaning she only makes that much money when the company grows at her doing....and that it has...by $17 billion.
By the way, her compensation in 2021 was over $62 million. She made less than half that this year. Yet CNN is painting the picture that she got a 40% increase since then....when she hasn't.
If you took her entire compensation, and divided it among the 167,000 workers at GM, it would increase their pay by 0.08 cents an hour...less than one tenth of a penny. And she doesn't set that pay: the board of directors does, based on performance.
If the workers want to be upset with anyone for making their wages suffer, then it's the very state that drove the value of that dollar into the ground they need to go after. It wasn't CEOs or corporations that printed 40% of the entire history of the money supply in less than 2 years, causing massive inflation. And lest you think inflation is caused by "corporate greed" like the politicians that did that printing would have you believe (of course they have a vested interest in convincing you that the outcome they caused was someone else's fault), do realize that while consumer prices saw their inflation reach 11% post pandemic, producer prices saw their inflation reach over 15% in that same time. Those "record profits" they speak of...are actually a loss....hence her pay went from $62 million to $29 million. If you earn $100,000 a year, but inflation is 10% how much do you have to earn next year just to break even? Now suppose that your wage is $100,000 this year, and inflation is 10%, but the cost of your living (the producer price inflation in this context), actually goes up 15%....how much do you have to earn next year to break even? Congrats....you've just earned "record profits" in the form of income.
Businesses, nor business owners of any sort, are not the cause of this division, nor the turmoil so many face. Irresponsible government is.
bastiat.org/en/twisatwins.html
How much do you think she should get? If not, 29 million? 1 million, 2 million, 5 million, 10 million? 15 million?
finally, labor asks the right question … her salary is gross by anyone’s standards
Actually it's not, other CEO's like Musk make multiple times more
@@user-kd3ic2xd5x , what policies does the current administration of this country have? I will be waiting.
@user-kd3ic2xdx5x it's decadent and when she would go on strike or resign, the production wouldn't stop.
You want more money
You can’t even type (edited)
@@mailfraudvoter6620 he doesn't need his spelling, nor syntax, to be correct and he only points out the extravagant, decadent remuneration of executives compared to the average wage of workers.
I'm a UPS driver. It was the same thing at our negotiations. Management walks around with their hobo sticks out and pockets inside out to show how broke they are, while executives make obscene amounts of money.
You don't deserve your wages delivery boi. The drones are coming.
Get a job
@@18matts How would I pay for your food stamps then?
@@18mattsbut you deserve to be called out and given your appropriate title:
🐷🐷🐷oink oink little lady
How compassionate you are@@18matts
Wow, she is skilled at avoiding questions.
Doesn't matter what you think lady, it matters what your workers think. Once again, give someone a little power and it goes to their head. I've seen it first hand dozens of times. There is no argument that can be made that justifies CEOs making even 100 times what workers make. We all work 8+ hours and WE THE WORKERS DO ACTUAL WORK.
It doesn't matter what the workers think, it matters what the economics say. There's no way they can afford to meet strike demands, this strike is a huge win for Mexican auto workers
How about growing the company by $17 billion?
You wouldn't pay $10 if it would earn you back $100? You wouldn't pay $100 if it made you $10,000?
Just because you can't see what justifies it, doesn't mean others can't. It just means you're thinking smaller than them...and that's why they earn more.
@@wesjones1417Lmao imagine licking the boots of CEOs😂😂😂😂
No CEO DESERVES $29 million dollars to do the job they do. It’s disgusting..
Not even doing a good job ...ignoring the issue
Right she should be in jail for stealing this money from her employees 😂
Many many many people put in a hard days work EVERY DAY and are very "good" at their jobs .. why aren't they paid $1-BILLION dollars per year!! .. what's the limit??
29 million is probably just her salary and not her bonuses
@@GLDENGLOVESNo her salary I believe was only 2mill.
100 million dollars is her pay for 3 years--what a joke of an argument!
oh that's too much..
She said 100 billion with a B
Which would be 25billion a year
There is less then 60k gm UAW members
That would mean each employee would cost GM over 400k a year....🤦🏻♂️🤦🏻♂️🤦🏻♂️🤦🏻♂️ Wich obviously isn't true so complete BS
“92% of my salary is performance based.”
That performance wouldn’t happen if it wasn’t for the workers.
She does a great job of sticking to the script and not engaging in any kind of discussion with the reporter. Healthcare is important but the wages are too low and her salary/compensation is way too high. So much for the "Heartbeat of America"
It really must be a strong, record-breaking deal if she had to mention it at least 7 times in the interview.
Yeah! lol!
Kinda Like frauds saying “stolen election” 50,000 times a day?
I found it "very compelling"
God, right?! Totally clueless.
Nope- it's called controlling the air and narrative.
This interview ENCOURAGES me to side with Unions! What has SHE done to warrant 30 million dollars? WITHOUT the employees, she's NOTHING!
What is she without the employees?
A well-spoken female millionaire philanthropist. 😄
With all the talk about how bad unions are, unions only represent about 20% of the entire work force in America. Most American workers don't have unions.
@@Deuteromis How's cutting their noses off to spite the proverbial face going for them? Utterly insane how inept this country is to the point that we actively fight the shit that would help us the most.... for reasons and ego.
Wild stuff.
Guess that attack on basic education really paid off.
Without the consumers buying her overpriced vehicles she is nothing
I know. I wish every worker in this country could afford to just quit. All on the same day
How I hear it: 'My salary is so high because the workers made the company successful. But they don't deserve that raise, only me and the other big shots do'
Ryte on the 👃
She dodged the question. Give the employees their raises!
The fact that she REPEATEDLY uses the phrase "represented employees" instead of "union employees" speaks volumes. Clearly, they've done focus group research and have learned that UNION is no longer a "bad word"
Way to Go Labor!
She was taught by the best of them, she’s a product of the chinese CCP. Why do you think she focuses so hard on the chinese market. Lord knows GM didn’t invent that EV tech they’re using. She’s a master at repeating the same stuff in hopes of others believing her wordplay
Ya. The old corporate mumbo jumbo. But she's good. No wonder she's A ceo.
That's because they destroyed unions early 80s
how about total up all the profits then divide them percapita between the workers and execs. pay the workers first because if not for them no one would be getting a check. then take operating costs off the top of the execs pay then they get what is left over. i would really like to see the numbers on that
Unions r the backbone who gets people what they need to live on CEOs steal whenever and cause companies to go bankrupt.
KEEP THESE STORIES COMING! We need to keep talking about their blatant GREED
Everyone has greed. This is blatant corruption.
She's know worst than the criminals in Washington
@@bigwombat7286, not everyone. Some people are happy.
No CEO should be getting paid over 1 million …. We are doing the job ..the CEO don’t do nothing
@@alphaomega9198, so you want a cap on what a private company can pay an employee?
“I visit a lot of plants.” I didn’t know 1-2 a month was “a lot.” 😂
How greedy. Never bail out companies again.
Support your local unions. We can’t allow the CEO’s to get 34 percent pay increases while the workers get 20 percent. Settle when those numbers are flipped.
She took what they offered. You turning down 39 large? 😮
No ceo should make more then 2 million a year..there is no reason that ceo's commonly make 30 million plus
20 percent?? Try like 2 %
@@Tealeafs1 lol what makes you think you should decide that? Think mighty highly of your own opinion, huh Alex? 😃
Imo, there is no possible justification for a CEO to make $29Million compensation. That's a King, not a CEO. Let the executives and CEOs take a 80% paycut and distribute the profit sharing. They never used to make these kind of salaries in the 1990s. American manufacturing was a Family. Not a feudal lordship.
She danced around all the questions and gave the sane talking point answer over and over. Greed is killing this nation
Is simple. They copy the working model of comunism: leader rich like kings and workers working to death for devotion to the company. They even use comunist propaganda to force workers to their limit.
Yes she did and it was revolting and I feel like I want to vomit after having been slimed just by listening to her I'm looking at her disgusting greedy face
What about Joe Biden’s greed. Is that killing the nation too, Marxist? Lol, you people hate this country and you hate capitalism so spare us your false outrage.
💯
@@moniquebrown9079 $29 million divided between all her employees is $0.08 cents/hour. That's about $0.04/hour after taxes.
How much are they asking for again? Who is being greedy?
Love the fact that she shys away from and deflects from the question of her salary. You can bet that every vice president on down makes an outrageous salary as well. We gave up so much to bail these companies out of their financial difficulties, while they continually kept compensating themselves. Smoke and mirrors, blame the ones who actually make the profits. Remember giving up our raise one year so Ford wouldn't take away something from retirees health care. We did and they still did it.
Americans have forgotten that one hundred years ago terms like worker safety, vacation pay, sick time, living wage (or even minimum wage); group insurance, retirement, profit sharing, or even the term “employee benefits” did not exist.
We were a nation of mills, mines, and sweatshops where slave wages, long hours, and unsafe conditions were common place.
Unions and collective bargaining changed all that.
And if you believe that unions are not needed in this modern era, read up on how companies treat workers in countries with lax labor laws
She should run for office. She has her talking points and she just keeps on repeating them. Answer the questions!
@heather. The reporter should do the work of investigative journalism. Comes off as Marxist talking points to me .
30 million in BS
She probably will. You can bet she’d be a strong advocate for letting politicians trade stocks and removing the public disclosure requirements. Oh and btw we don’t need social security any more because the government shouldn’t give handouts.
@@danwright1794 You're correct in that the reporter *should* have made her explain her *total compensation package* ALL the perks all the way to her retirement with her golden umbrella.
If the reporter sounded _Marxist_ to you, then that makes me suspect that you either are, or at least strive to be what used to be called a *Fat Cat* I think now they're oligarchs, or some such. But you know what they say, a turd by any other name still stinks. _Tom's wife Pam_
You suggesting that an interviewer who is questioning a $29,000,000 a year salary as a Marxist talking point. Really??? Please tell me how anyone is worth that much money.@@danwright1794
She spoke real smooth, until she was asked about the pay disparity. Then all of a sudden she's kinda choking up a bit, um see umm it's not the same see uh um
Whoppers tend to sound ridiculous out loud the bigger they are
20%? That's the punchline to a bad joke in this economy
I'm 37 years old and not once in my life did I understand why CEOs make millions while their workers who physically move the company forward are working overtime everyday just to survive til the next paycheck.
Truly disgusting, we and most Americans will never make anything close to that in our lifetime, these CEO's are so selfish and greedy. Greed, greed, greed
Average worker would get $174 per year if they took her compensation away and gave it all to them. Not enough for a week of groceries.
@@Andrew-3445That doesn't make sense.
Meanwhile the Chairman of Toyota Motor is making 7 million per year while they kick GM's butt.
CEOs don't determine their compensation. That is the board of the directors. They keep these knuckle heads in place, while they fail to produce EVs that people actually want. Mary had a completely unremarkable career when the board made her CEO. It's not her fault she's in this position, blame the board. You wouldn't turn down $29 million a year.
I'd say f*ck it...every worker joins the strike and we'd see what will happen...the company files bankcrupcy and the government confiscate all these thieves ( billionaires ) funds and distribute among workers until they find a fair job...we already have plenty of cars in the market...maybe the time has come for auto-industry remodel
She says 92% of her pay is based on performance of the company. This is NOT her performance it is the hard working employees! Without them, the company has no performance!!
Executives and board members are the ones robbing from the shareholders
it’s not even really the true performance of the company it’s just based on the price of the stock
92% of her pay is from stock and the stock is up because of stock buy backs, not because GM is doing sooooo well....🤦🏻♂️ she's so full of shit it's disgusting
how about total up all the profits then divide them percapita between the workers and execs. pay the workers first because if not for them no one would be getting a check. then take operating costs off the top of the execs pay then they get what is left over. i would really like to see the numbers on that
You're misunderstanding:
She *IS A SHAREHOLDER, FIRST AND FOREMOST*. She's not robbing from the shareholders, she's looking out for driving up stock price as much as possible with each quarterly earnings call. When her restricted stock vests, that will increase her net worth for eventual sell-off when she ends up needing liquidity (money) for herself. When she means performance, she doesn't mean performance in terms of how well of a job the salaried worker did, she's saying performance in terms of how well the stock price valuation increases quarter over quarter. In that system there's a fundamental disconnect between executive management (in a way, general shareholders as well) and the rest of the employee organization.
she gotta keep the whip to their backs, that's hard work. She has to figure out how many people to lay off in mass to make the stock price jump....hard work.
KEEP STRIKING!! She doesn’t understand this system.
If a CEO works hard they'd be dirty. Plain and simple. She looks clean
She's bragging about all the great things they've done but won't give the workers their fare share of pay and Union concerns. When the reporter asks her a question about what someone said she deflects the question back to the person and wants to move on without answering.
I see right through her. Shame on them. And it’s not just GM - it’s large companies and corporations as a whole.
💯 fax
So many people out on “STRIKE”;
Demanding higher wages,
while ignoring the real problem.....
WAGE DISPARITY.
Many corporations have a wage distribution curve of 400 to 1;
$100,000 per year, bottom tier wage;
$40,000,000 per year, top tier wage.
As Stephen Covey put it in his 1989 book,
“The 7 Habits of Highly Effective People”:
“It's incredibly easy to get caught up in an activity trap,...
climbing the ladder of success only to discover
it's leaning against the wrong wall.”
“It is possible to be busy -- very busy --
without being very effective.”
“People often find themselves
achieving victories that are empty,...”
“If the ladder is not leaning against the right wall,
every step we take just gets us to the wrong place faster.”
(Habit 2: "Begin with the end in mind")
IT IS A HOLLOW VICTORY
TO WIN THE BATTLE FOR HIGHER WAGES,
ONLY TO LOSE THE WAR FOR EQUITABLE WAGES.
LEAN THE LADDER AGAINST THE CORRECT WALL.
---------------------------------------------------------
I suggest a “wage distribution law”, such as;
"Wages, benefits, stock shares, and bonuses,
SHALL NOT be distributed at a ratio greater than 4 to 1".
(The loophole to the 4 to 1 LAW, is outsourcing,
AKA: corporate restructuring)
---------------------------------------------------------
THAT'S MY SUGGESTION ABOUT WAGES.
SO WHAT ABOUT TAXES?
Quick math: 40 hours per week, times 50 weeks per year,
(allowing for 2 weeks of unpaid vacation),
EQUALS = 2,000 HOURS PER YEAR
The current "standard federal income tax deduction"
for a person filing as an individual, is
$13,850 per year, divided by 2,000 hours
equals, $6.925 per hour.
In other words, persons earning less than
the current "federal minimum wage"
of $7.25 per hour and more than $6.925 per hour
OWE federal income tax!
WHY ARE PEOPLE WITH THE LOWEST INCOMES
PAYING ANY FEDERAL INCOME TAX AT ALL,
WHILE ALSO QUALIFYING FOR VARIOUS
GOVERNMENT AID PROGRAMS,
WHAT WOULD HAPPEN IF
WE WERE TO REDUCE THEIR TAX BURDEN?
I strongly believe that the "fiscally irresponsible republican party"
tax cuts for the rich, MUST be reversed.
The taxes on the rich MUST increase
and the "standard federal income tax deduction"
MUST also increase from $13,850 for individual returns
or $27,700 for joint returns,
TO....... HOLD ON TO YOUR HATS.......
$48,000 for individual returns or $96,000 for joint returns.
The "Democrat Party" promises to raise the taxes on the "RICH",
but how does that HELP THE MIDDLE CLASS.
$48,000 per year, divided by 2,000 hours equals, $24 per hour.
In other words persons earning $24 per hour or less
WOULD NOT OWE FEDERAL INCOME TAX!
AND WOULD HAVE MORE TAKE HOME PAY!
(Good news for employers who already have
a wage distribution curve of less than 1.5 to 1
and may be unable to afford a pay raise for their employees)
THAT'S A VERY BIG MIDDLE CLASS TAX CUT
(or as President Biden might say a “BFD”)
As an added benefit to raising the "standard federal income tax deduction",
fewer people would need to itemize their deductions
and the IRS would be able to process those returns more efficiently,
thus SAVING MONEY.
(that's a good way to reduce wasteful spending).
GOD BLESS THE WORKING CLASS
---------------------------------------------------------
OH, BY THE WAY:
$40,000,000 per year,
divided by 2,000 hours,
equals, -------------------------- $20,000 per hour.
The current "federal minimum wage"
of $7.25 per hour multiplied by 2000 hours
equals, $14,500 per year, which is $80 less than
the “Federal Poverty Level” (FPL)
of $14,580 per year,
minus, the current "income tax deduction",
of $13,850 per year,
equals $730 ------- TAXABLE INCOME.
THE "FEDERAL MINIMUM WAGE" IS LESS THAN
THE “FEDERAL POVERTY LEVEL” (FPL)
AND IS TAXABLE INCOME
---------------------------------------------------------
The “Federal Poverty Level” (FPL), is published on the
“U.S. Dept of Health and Human Services”, web-site.
(RUclips doesn't like it when I provide “non-RUclips” links
to my sources but you can look it up for yourself)
And the current "federal minimum wage", is published on the
“U.S. Department of Labor”, web-site.
I STRONGLY RECOMEND:
Stephen Covey's, 1989, book,
“The 7 Habits of Highly Effective People”.
See and hear Stephen Covey (1932-2012) himself give
a presentation on the SECOND HABIT at:
ruclips.net/video/F_kNdcWJP7Q/видео.html
I also recommend the book “The 7 Habits of Happy kids”
written by Stephen's son Sean Covey.
AND AS A SPECIAL TREAT:
Jannah Bolin, a student at Drakes Creek Middle School in Bowling Green, KY,
wrote a song about the value of the 7 Habits and you can see and hear her here, at:
ruclips.net/video/sYDCJR_ApEQ/видео.html
Also listen to these “Willard North Elementary School” (Willard, MO), students sing
the 7 Habits song, “Leader In Me”, written by Ty Bills to the tune of “YMCA”
ruclips.net/video/I_ySkbFeRQo/видео.html
It's just the whole system of out of control capitalism that allows this disparity in the first place
"I'm willing to cut my pay package so GM auto workers can get a wage and benefit package to settle this strike." Never mind. She didn't say that.
CEO’s need to speak specially about why they think their compensation is more of a priority than that if their employees and more of a priority than the impact on state holders overall.
CEO and shareholders value shouldn’t ever outpace the value of the company’s stakeholders.
Corporate greed is killing us, not poor people safety nets. I’m so happy to see the unions brining this to light
Labor should be paid a percentage of what the CEO makes.
When the CEOS are paid 300 and 400 times, and by an ever widening margin of what the average factory worker makes, things are out of whack.
Mary Barra has a future in politics. Shes very good at saying a lot of words without answering the questions.
Mary BS emBarraSing 😂
mary barra is a delusional clueless ceo, how did she get hired in the first place!
Pre- programmed responses.
A future in Prison
True that!! Typical politician😳😱
It’s simple: you don’t deserve to earn $29M, lady. Give up half your paycheck to pay the people who do the work. And don’t tell us you can’t survive on $14-15M, you’ll still outearn the people who do the work so your company can exist.
None of CEOs do .... Do you think the CEO of CNN deserves what he gets $$$$$$$$$$$$$$$$$$$$$$$$$$$$$...CNN are HYPOCRITES... they do this all the time
THIS!!!!
Perfectly said @amberbanuelos7053
Truth!!!
Who are you to decide what she is worth? Always wanting to control others, huh pleb?
Firom one reference--- --"from 1978-2022, top CEO compensation shot up 1,209.2% compared with a 15.3% increase in a typical worker’s compensation. "
Why didn't the reporter ask her what happened to the $17.4 billion GM received in March 2009 from the taxpayers
I like how she justifies her own salary increase, but insists on not allowing the union workers a similar wage increase. She says that part of her salary is based on the overall performance of the company, but a union strike is going to hurt the performance of the company. Let's see if she gets a dock in pay for initiating the strike. Somehow I suspect she will make another $30 million or more this year. it is blatant No for you, but yes for me. There is no humility or shame in upper management these days. Shame, shame, shame as Gomer Pile used to say.
The performance of the company BECAUSE of the hard working employees.
All CEOs get theirs no matter what.
Without the employees the performance would be zilch, unless she and her cronies can build cars.
The performance of the company is attributable to those very workers she refuses to give pay raise to. She's a greedy bozo like all of them. Always saying the workers are "greedy" while literally robbing the companies they "manage".
And did you also notice her veiled threat that she's "worried" about their "job security"? AKA, get back to work you scum, or we'll fire you?
I remember the times when my dad had not taken a salary but gave bonuses to his hard working employees so that they knew how important they were for the company. decades went by and every now and then I meet his employees and they have tears in their eyes saying how honorable my dad was. He had a successful business but never became filthy rich because he believed in profit sharing with his employees! I wish there were still people like my dad. This woman has no idea what acting honorable means
Yeah my father had his own business did the same thing. When 2008 hit also he kept everyone working on painting his big old farm house the entire time.
Thank you for sharing your personal story
Ur dad is a truly great person
The Nintendo CEO half his pay and made executives take a paycut to save jobs I think in 2008
I wish we had more people like your father.
The CEO admits her pay/bonuses depend on “ profitability” and the less she pays workers, the more profitable the company is. It’s simple logic, and it’s horrifying grade.
This is why I have no respect for any executives in corporations.
92% of her compensation is based on performance; whose performance? It’s amazing how CEO’s sound exactly like politicians… never a straight answer, always obfuscation.
"92% of her compensation is based on performance; whose performance?" Exactly. As if the workers themselves play no role in that performance, when in fact they're the ones most responsible for it.
Performance of their stock price, and their stock price has gone up only because of all of the stock buy backs. Not because of actual performance of the company. They just laid off another 1000 works last month.
CEOs are politicians. They are the leader of leaders.
I have worked for large corporations since 1981 and have heard this more times than I can count. The executives will always try to use 'pretzel logic' in explaining their huge salaries. They will always try to tell you that a 40% increase is not really 40% and that 30 million in compensation is not really 30 million.
And, yet, most of us would put up with a 30 million dollar annual salary...even if it wasn't really 30 million (along with a car and driver, private corporate jet, all medical expenses paid by the company, maid service, valet service, a cook, a barber/hair dresser, a private shopper and hand made shoes).
She is worried about her 92% bonus money. She needs to go!
I love how she says a lot of NOTHING. PAY YOUR PEOPLE.
No one deserves those kinds of millions. No one..
it certainly was not earned
Truth
But you’ll go see a sports star?.. who makes double that with endorsements…
@@22bk113 yup! its crazy how someone who shoots a ball in a basket makes more then someone that saving others lives in this world. Everything is all fucked
There are "media training" companies that get big bucks to help people like Mary Barra handle interviews like this; the "92% of my compensation is based on performance" line is clearly a product of some media consultant. What's striking to me is that the media, after all these years of slick media training, has not learned how to counter these sweet-sounding lines. The obvious question in response is: "so you're saying you deserve your salary because you've performed well, but workers deserve less because they have performed less well?" See what she says to that if you want her to say something newsworthy. Reporters need a little training in logic to deal with these gambits by these people. There are usually unpleasant implications lurking beneath their nice-sounding justifications.
@@bbabbich3467 That would be a good reply too. “So you deserve more because you’re very good at paying workers less - which is good for your ‘performance’?” The media sucks these days
They have this training. They're paid to bring the masses a load of horse sh*t, not point out the truth. If they actually wanted to do the news with integrity, they'd ask that and they'd be doing way more to cover police brutality and corruption.
But they want sheep, not free thinking people.
Zero follow up by the reporter. 92% performance yes but how much of that is at risk historically??? Next to 0-5% at most
Damn straight. Nailed it, sir.
What she says is that 92% is based on the performance of the *company*! So it's not her merit at all but the merit of the workers that she is personally profiting from. How long is our society going to allow this sort of egregious disparity?
Did she get PhD on how not to answer questions straight
This is why the average truck now costs $80K
Wow. She barely even breaks stride when asked about her $29 million salary. American CEOs are without peers in self-indulgence. Incredible. How can she look a single worker in the face, and suggest to them that they are being unreasonable?
They have crisis communication consultants (That GM pays a LOT for) that train them to handle these questions.
Word.
Simple. Sociopath.
@@gregu6556 and lawyers, and marketing, and this, and that. They usually hide behind a wall of other people.
No doubt she had a lot of training just to do this interview.
It's the same way she looked that reporter in the face and flat out lied about whether the union proposal will bankrupt the company. She falsely compared labor costs to market capitalization, which is basically an accounting trick. If she did that on paper and put her signature on it the SEC would show up at her front door with a warrant for securities fraud. Yet she didn't bat an eyelid, which speaks to years spent honing the art of deception to perfection.
What she's not explaining is that her "performance based pay" is the performance of the stock (not the union employees) which is taxed much less than salaries are. At the same time she's been laying off thousands of workers each year to buy back the stock that she's artificially inflated by laying off workers. Disgusting.
@@devaraj001her being a woman has nothing to do with it
One note here, GM actually did attrition instead of layoffs. So what they do is go to people and offer them a shit ton of money to just retire early. That’s generally what they do. Pay at GM is really good, I worked there in 2022 and my salary was pretty decent. I think they’re a nicer company than some others (ex Tesla) because they DO have unions and people CAN demand wage increases when they think it’s warranted.
"Attrition" can also mean placing downward pressure & discomfort onto their workers so as to force their resigning/quitting. @@seansull
Excellent point!
@@VegasElement they generally don’t do that BECAUSE of the strong union presence. When I worked there I was honestly shocked that they had such high profit margins. I was an intern and the amount they paid me was insane. All across the company they have really high retention rates and i think that’s because in the long run they really do try to take care of employees. I’m glad the labor is unionized and I want to strike to keep going until they get the raises they deserve, my experience was on the corporate side of things so I bet manufacturing is completely different but as far as General Motors corporate is concerned they do take care of their corporate employees. Includes people like engineers, interns, scientist, janitors at the offices, secretaries, all those people
The Journalist did a good job interviewing Mary Barra. It's a shame that CEO's make this type of money...
Funny thing is the automaker business would run smoother without her.
Imagine how much more efficient companies would be if they didn't overpay executives like these.
What I find utterly depressing is that CEOs in general do not regard workers as the lifeblood of any company, agencies or factories. Workers do all the hard sweaty, insecure, dirty dangerous jobs so the country works as an economy. CEOs just regard them as dispensable low live numbers. All workers are noble people who work mostly on low wages to feed their family, pay bills, rents and morgages and deserve respect.
Don’t worry what jobs new technology wipes out the millions of illegal immigrants pouring over the boarder will take at 50cents on the dollar.
All those workers should be treated as expendable, especially union workers. Just think, illegals would run their asses off for a tenth of their pay.
I wonder if this woman knows how enraging her talking points are to the general public? 12 years ago the government (meaning WE, the public) bailed GM out, and for what? So their execs could make record wages while the workers got scraps? One, they should never have been bailed out in the first place. That's not how capitalism is supposed to work. Two, they owe their workers 12 years of back pay now that they are making RECORD PROFITS and they don't want to admit that the only reason this grifter is making 29M a year is that the workers took major wage cuts! Get serious Mary or get gone!
And the pay that reflects that hard work!
CEO's are bound by the success of the company. There are no days off. You are on the clock 24 hrs a day and the stress levels are more than most people can handle. You may not realize that but its true. I've known one personally and there is not enough money out there for me to get to that level. 29 million sounds great but to be on that level you give up a good bit of your life.
Word on the street is the investors and GM corporate people are throwing her out after this strike. She has over promised and wayyyy under delivered.
It’s disgusting to hear her try to make her 30 million dollar salary out to be her hard work and no one else’s. Eat the rich!!
This is exactly what’s wrong with corporations. These CEO’s make 29 million a year while the workers struggle to fill up there tank to make it to the plant.
They are struggling because you elected a moron who forces the automakers to invest billions in ev's that nobody is buying. Stfu.
Your not kidding
So, show me talented leadership that would do the job of running General Motors for $1,000,000. Pump your brakes. There are more useless athletes that make a multiple of that salary. Even if you paid those CEOs $0.00, it would only amount to $0.05 per each hour of employee’s rate.
And do you think should could even complete step 1 of building a vehicle- you know the business she runs? Nope.
You realize that the people in these factories, which I am in no way knocking what they do, because I love cars do the same exact thing, ALL DAY. Some are making $25-30 per hour doing this. When you factor in the benefits and all they get some are over $50 an hour. They turn the same assisted wrench to do the same bolts or windshield, etc... for the whole shift. Say what you want, but a CEO is doing a completely different job than a hourly worker building one tiny section of a car.
I love how she is so compelling about telling others to be understanding. While she makes 29 million a year.
yeah, I'm pretty sure we could come up with something she could understand.
She could just work 1 year and retire. But she has to KEEP making as much as possible, no matter what. Capitalism is garbage.
how about total up all the profits then divide them percapita between the workers and execs. pay the workers first because if not for them no one would be getting a check. then take operating costs off the top of the execs pay then they get what is left over. i would really like to see the numbers on that
I’d be chill too if I make 30M…. Every year!
Sounds like a bunch of jealous people who could not compete with her.
I think we need laws that place limits on total compensation packages within corporations ..... the highest paid employee cannot make more than 100 times the lowest paid. This should apply to TOTAL compensation, not just cash paychecks. It would still allow high paid upper management positions without the ridiculous BS we are seeing here.
Newsflash. No one is worth 30 million.
Pay up your workers , they make billions in profit don’t let them fool you . They got the money
When the company looses money do the workers take out personal loans to prop up the company? Instead of the US taxpayers.
When that happens executives do not return their bonuses, Trump boy.@@GotoHere
I retired as a salaried worker/Manager last year and she absolutely hammered us on wage and benefits under her tenure, but her top execs continue doing very well.
@@GotoHere When big companies loose money do they go out of business and shut the doors instead of getting BAILED out by taxpayers???
@@GotoHereWhen the company loses money does the ceo pay out of their pocket? What point do you think you've made?
P.s. After the bailouts in 2008. The union workers took a payout. The ceos got bonuses.
"The bailouts led to a decade-long pay freeze for workers hired before 2007, whose top wage remained at $28 an hour. Workers hired after 2007 were paid under a two-tier wage-and-benefit system that set their compensation lower - $16 an hour to start, topping out at $20 an hour.Nov 13, 2018"
Some workers are finally waking up and standing up to the greed.
I hope they keep striking, the tragedy is what it has to come too vs companies running a way that benefits all, but its pretty apparent she's another disconnected CEO. She straight up in devalued all of the workers she said at the best in the business and let them know her 30mill dollar salary is more important than theirs. But let's be very real and where all the corporate CEO types who bounce from one business to the next is actual value to the company; Now let's say she quit or was fire tomorrow, GM is built in a way that it could function for quite a while without her or any CEO and not even really missing a beat. Now if they loose their line level employees, as they are experiencing right now, what happens? Who really more important to the company? I'm not saying you go without a CEO you need the leader, but they can't survive without the workers. And Yes CEO's shoulder the weight of the entire company and have high stress jobs and should be compensated fairly for that, but if you're the leader of a company pocketing 30 million a year ( U.S. presidents Salary $475k) and you can't even give a straight answer to why your percent increase shouldn't match the employees, when that percent increase in actual dollars is going significantly based your bloated base salary, you are in the wrong job. All I saw in this interview was a shameful display of greed.
Excuse after excuse not to pay the workers, we are going to shut it all down now.
The fact that she feels justified in making $29 million dollars while her employees live check to check is sickening. I am so tired of hearing about CEO's and other upper management at big companies making 10's or 100's of million of dollars while lower class and some lower middle class people are barely putting food on the table and getting their kids the things they need.
If you divide all the money the top 1% makes in the company and divide it between the workers. You can do that but why would the ceo work so hard to make crumbs
@@lifewithchicago5282really? Even if they only made $1 million that’s nothing close to crumbs. When a CEO makes more in one year than these people will make in their lifetime that’s just greed. Without the workers, there would be no product, no profits and no company.
@@kaistockman6443 BINGO!
Those employees make great Money! That’s why Chevys and cars in general cost so much. Her salary is less than $2 million. She is the CEO. People want to hate just because they attach some doors to a frame and can barely get that right. They are already overpaid. And if they live paycheck to paycheck then it’s on them. Not her: people don’t have budgets. They blow all of their money. I only make $42,000 a month as a physician and I am able to save $33,000 a month.
@@lifewithchicago5282excuse me, crumbs?
It's called 'media training' folks. Execs practice answering these kinds of questions beforehand with memorized talking points.
Yup. Like a robot.... Actually, chatGPT would have come up with a better answer. She would be an amazing politician 😂
Just like Bob Lutz used to do
Like Joe Biden using an ear piece, cheat sheets and colludes with fake news activists posing as journalists? Colluding with the DNC activists with pre planned questions and answers”. Media training” like that?
All I heard was a meaningless word salad.
its infuriating, and I'm curious if the talking points will save them when the people drag their asses out into the streets. This is France 1788 level. Fuck 'em
who would not be happy with world class healthcare and a 20% raise , whose greedy?
I don’t know any employee / executive that actually earns or deserves 29 million a year.
$750-800K would be more than enough.
I dont know that its your call what someone earns.
@@TheeRedBaron Executive pay has increased 1500% since 1978, while line workers increased 18%. Obviously the problem is THEY have too much say in their own earnings
@@TheeRedBaron Not my call, but it’s my opinion. I have freedom of speech just like you.
The fact that she thinks she has a compelling argument for her own salary just shows how far we still have to go in order to deal with the capitalist mindset of surplus wealth
unions won't break the capitalist mindset
Capitalist mindset is not the problem. I can't help but think there's a slew of people who would take her job for 1/5 the amount she's making.
you'll find greedy dictators in every other economic structure so what's your point and solution?
1/5th? Try 1%, $300,000
1-) Master of Business Administration degree + Bachelor Degree on Electronic Engineering.
2-) Started to work for GM in 1980. 43 YEARS HARD WORK to become FIRST FEMALE CEO of AUTOMOBILE Company.
3-) In 1980, she was inspecting hoods, and she used this job to pay for her college tuition. Hard Work. She was working to pay her college. No one was giving it to her.
Only people like who have achieved nothing and disappointment to their parents will hate her success. 23m$ is nothing. It didn't come from God. She deserves it.
That's the argument. But people who like you MAJOR in MINOR things in life and has no ambition, purpose or success will hate her.
No line worker that turns a wrench is going to respect a CEO making 30 million a year, no matter the reason.
No one is worth this amount of salary. Who approves this?? She needs to go.
The reporter did a good job with the questions
@paultovar5329-- No she didn't. The reporter should of asked more about that 29 MILLION A YEAR and hammered down on it.
cnn has weak Democrat green attitude reporters , frustrating to watch really Marbara just spit out the same word for word answers twice to the woman fr diff questions.
It’s a little tough to accept a 20% raise when your CEO is getting a 34% raise, while making $30 million/year. CEO and board pay NEEDS to come down to $1-2 million/year, max and send that extra salary to the people who actually do the work.
The workers struggle to live on the $60,000 a year salary.
The CEO's struggle to live on the $60,000 a day salary.
@mrartist, you're in luck. Her base pay is $2.1M a year.
@@elmosweed4985 workers struggle because of this crap economy.
@@markanderson7833
The United States has had the strongest economic recovery, measured by GDP.
She could make 4 million and do the exact same job… anything over that is just an insult to the workers.
Mary Barra should be fired. She doesn't deserve a huge pay raise.
34% for her and 20% for the employees is a historic reaming!
Same old story! CEOs making billions and not giving it back to their employees! Greed! Nothing but greed!
Trickle down economics in action
Mary Barra does not want a strike as it would screw up her stock options bonus. At $29 million a year, Barra is overpaid for what she does. Time to put a cap or reduction on ridiculous executive salaries.
Its time to tear down the rich.
Worker pay should go up at the same rate as CEO pay. Good management (if you have it) is important and so are the workers. The GM CEO made about 6 million about 15 years ago. So she's making five times more than her predecessor. Worker pay hasn't gone up by anywhere near that. It's bullshit.
This woman supposedly started as a line worker, can't she see the disparity? Greed is not good.
oh I think she don't know for sure..
No one needs to make over $5 million a year running a car company or any of these CEO's who take everything for themselves. Her bonus was over $12 millions and she said the workers are lucky to get $12,000 in profit sharing. We have to end this outrageous CEO pay, These CEOs make me sick to my stomach.
You want a salary cap? The people in Thailand might want to cap your salary at $500 per month to make it more fair.
how about total up all the profits then divide them percapita between the workers and execs. pay the workers first because if not for them no one would be getting a check. then take operating costs off the top of the execs pay then they get what is left over. i would really like to see the numbers on that
@@superscaryrussianbot846 you must be talking about state run offices and positions. My wife is Thai and there's plenty of people making more than $500/month.
Next Trash argument, please?
It's not the bonus you need to be worried about, it's the *STOCK VESTMENT* . That's what's driving most of this. The company is incentivized by executive leadership to allocate restricted stock (apparently hers is by 3 years) and use profits to buyback to keep the stock valuation growing. That way their personal net worth increases year over year, regardless of the amount of profit they actually generate. Only the employees are bound fiscally by the actual budgetary numbers as that's what their bonus structure is specifically tied to.
This is why her argument falls flat. You get rid of any stock incentive the executive management has, you'll see actual leadership from these clowns.
@@ryanshannon6963, of course there are people making over $500/mo in Thailand. But most Thai people are poor, especially away from Bangkok. I’ve seen laborers working at my company’s automotive factory without shoes. In fact, a maintenance man died there by being electrocuted while not wearing shoes. The American GM laborers are very wealthy in comparison, and they could put the poor Thai workers out of work with no pay with this strike.
“The French had a problem with this back in the day “
I think it's time to make laws that state that a single person can only have up to maybe 5 billion euros. Any profit beyond that, should go automatically to those who need help.
That CEO is the equivalent of a chat bot with programmed responses. This reporter did a great job drilling and we need more like her.
CEO's are as much politician as anything else.
She keeps saying profit share like a bot.
I agree, she did an amazing job grilling the CEO. I like her, the reporter. She is confident, did her research, and ready to fight.
This reporter makes millions too
@america5675 True, but would you rather see those millions go to someone who will advocate for us with the same questions or the other one who will keep saying profit sharing as if it is an incentive payroll exists at their company?
She totally avoided the compensation question. She did not want to talk about why she makes so much money.
For a CEO that can't answer the question without looking stupid, she doesn't deserve $29 million a year
The follow up should have been when you say “your compensation is based on performance, what do you mean by that labor performance or stock performance? And does the stock performance have anything to do with the stock buyback you have made?”
Its insane that ceos can get multiple million dollar raises (and no im not anti rich or anti success) but a worker asks for a dollar more an hour and they cry poverty and tell you to find another job
I worked for a company that got rid of a bunch of perks we had because of budget cuts.
The same year the top CEO retired after 2 1/2 years. ( yes 2 1/2 years ) with a $92 million dollar departure package.
$29 MILLION per year? Hot-damn! We're talkin' serious money here. How many line workers pay does that equate to? Are the workers on the production line not responsible for any of that "added value"? This is a very twisted system, folks.
Exactly- she brags she makes so much money because of the great performance of the workers.
Yet gives them nothing in return for that hard work. Typical
Line workers average $50K salary and total comp w/insurance would be about $68K. So Mary's before-bonuses compensation is equivalent to 426 average line workers.
Why are we always comparing ourselves to the top earners in human history? Greed and jealousy will only bring you misery.
Funny GM is making such profits, as they continue to cut cost, making vehicles cheaper yet jacking up the prices….corporate greed! The more people that continue to purchase the overpriced vehicles, the more they’ll continue to charge and raise prices.
They NEVER answer the question. Reporters should not give them a pass.
I love how SHE thinks her offer is competitive. I've known sooooo many corporate leaders that are just as clueless. Ugh, lady, no matter how many times you repeat the same lame information, it still sucks. WAKE UP!!!
how are you doing.?
Like a robot
Hey, remember that time GM was responsibile for a bunch of deaths because it refused to go through with a recall that would have cost them like next to no money? Then the company managed to dodge liability through some bankrupcy loophole that technically made them a "new and different company" and therefore not responsible. Yep, that was this lady who did all that. Good human being she is.
Imagine being so selfish you believe you deserve 30 million dollars instead of paying your workers. Disgusting.
Anyone remember the government bailout of the auto industry years back? What do you think caused it? It wasn't the executive's salary which isn't even a drop in the bucket when compared to profits. It was the unrealistic demands made by the unions that caused their downfall. I dare you to do some research and find out how much these UAW employees actually make. I think you might feel less sympathy for them.
The most disturbing part of this interview is her lack of humility and embarrassment regarding her compensation! And sh3 wasn’t even phased by the indirect suggestion that she was overpaid relative to the many thousands of frontline workers who have made her compensation possible! Horrible Boss, next chapter!
She’s overpaid? You go try and run gm
@@ryanthibeaux she makes 13,000 an hr and probably delegates a lot of her duties.
@@ryanthibeaux HA HA HA go look at GM stock over the last 20 years, they only had 1 split. Now Look at Toyota (TM) and also check out dividend of GM vs TM. None of the CEO's running GM have done well. Add more insult to GM, look how much Tesla is doing better than GM last 10 years.
Greedy auto corporations are taking advantage of their talented employees. They're nothing without government bail outs and yet they work their people to death. Americans should show solidarity with UAW and boycott these greedy car companies!
Why in the world should she be embarrassed about her pay? My local TV reporter would love to be getting what that interviewer is getting paid