Just what we need.....

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Sep 30, 2007 | 01:32 PM

#21

Joined: Jul 2006

Posts: 6,482

From: Southwestern OH

RE: Just what we need.....

but a corprate greed problem

A lot of truth in that comment.
U.S. companies almost demand a high profit while eastern companies accept a small profit (other then the oil people) and continue to operate.

Sep 30, 2007 | 02:26 PM

#22

06MC

Joined: Sep 2007

Posts: 84

From:

RE: Just what we need.....

G Richard Wagoner Jr's Compensation 27 Million over 5 years garenteed + 7.5 million in stock, Thats just the CEO and not including the purks such as retirement salary, medical, paid expenses. Not to mention the guy does no work on the product at all he is just a figure head nothing more. So in short to complain that the union is killing the company, YOU GOT TO BE KIDDING ME. 1 guy makes more in a year than all of the union employees Whats wrong with this picture. Sorry for the rant Guys I just can't stand to hear uninformed people talk **** and have no facts to back it up.

Sep 30, 2007 | 05:15 PM

#23

04 Intimidator

Joined: Oct 2006

Posts: 3,986

From: North Fond du Lac, WI

RE: Just what we need.....

Salary - 27,000,000
Stock - 36.7 X 7,500,000 = 275,250,000
Total - 302,250,000 / 5 years = $60,450,000

Divide that by 62,400 that the average union employee makes at $30/hour = 968.75 total union employees.

I'm not one hundred percent sure, but I'd feel safe to say that GM has more union employees then that.

Mercury Marine where I used to work had over 2500 union employees and I considered that small as it only the shop in Fond du Lac. There are 4 other plants in the US but I don't know how big they are but I beleive are similar in setup.

Sep 30, 2007 | 07:03 PM

#24

Joined: Jul 2006

Posts: 6,482

From: Southwestern OH

RE: Just what we need.....

Where do I get a job like this guys?

Sep 30, 2007 | 07:21 PM

#25

06MC

Joined: Sep 2007

Posts: 84

From:

RE: Just what we need.....

Quote:

ORIGINAL: 04 Intimidator

Salary - 27,000,000
Stock - 36.7 X 7,500,000 = 275,250,000
Total - 302,250,000 / 5 years = $60,450,000

Divide that by 62,400 that the average union employee makes at $30/hour = 968.75 total union employees.

I'm not one hundred percent sure, but I'd feel safe to say that GM has more union employees then that.

Mercury Marine where I used to work had over 2500 union employees and I considered that small as it only the shop in Fond du Lac. There are 4 other plants in the US but I don't know how big they are but I beleive are similar in setup.

Dude I was tring to make a point whats yours, The guy made 4.85M last year total compensation and that doesnt include stock options just what they paid him I'd be willing to bet his total package if cashed out would be in the 20M range. By the way GM has close to 35,000 bargining unit employees and not all make $30 hour. How can you even think about justifing that kind of salary for one guy!