It doesn’t scale and there’s always an element that thinks and acts like they are the priest class that can do no wrong.
Sounds familiar? 
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Same reason why ceos politicians and many other “leaders” are typically psychopaths and at the very least sociopaths. These positions of power have those type gravitating towards them always bc they have a god-complex. Great article on it
https://www.forbes.com/sites/jackmccullough/2019/12/09/the-psychopathic-ceo/?sh=46e83de6791e
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We’re heading toward AI controlled communism packaged in New Age flavor.
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Sign me up. AI isn’t driven by greed and personal interest. I’d take a Commodore Game System running govt at this point.
Oh, my sweet summer child…
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I didn’t realize the Korean automakers are also threatened strike now too. Interesting timing for Kia and Hyundai. All these concessions they make will just lead to even higher pricing.
They all say ceo pay is too high. So if they paid him $0 at ford each employee would make about $7/week more.
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Do you not think CEO pay has gotten inflated? Do you think Mary Barra should be paid 29 million to make brilliant decisions like removing Apple CarPlay from future vehicles?
Or missing EV production claims by a mile.
Lets not forget she said GM would overtake Tesla by 2025.
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Only if Peters appropriates Tesla and hands it over to GM. 
I have no opinion on it. They make what they make but even if it was $0 that wouldn’t help. The board approved the ceo and their pay. If the shareholders aren’t happy then they can sell the stock.
I just know her pay is inline with other ceos in the industry. People complain about cars being too expensive. Well the union wants fully funded healthcare for their retirees for life, large contributions towards 401ks etc. all that costs a lot of money and the consumer will be paying more as a result.
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Meanwhile, Lucid had only $608mill in revenue in 2022. While the CEO got a paycheck for $379mill.
UAW current demands are insane. Farley said they would bankrupt Ford.
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You say insane, I say keeping up with true inflation but that’s nor here nor there.
That being said, the number being tossed around is a more of a big ask than anything — At the end of the day the real winners are the union bosses and whomever they point their weathervane at.
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You have to demand more and hope to settle in the middle. Art of the deal
Lucids ceo basically built the company right? I’m not saying he deserves what he’s paid, I don’t really know the circumstances. Did he sell stock when it was high? I doubt that is just salary. As I said it all comes down to the board. Of course the ceo is going to take it!
The stock price reflects their poor decisions. There’s consequences. Maybe if the sec did anything to curb this type of thing it wouldn’t happen.
Smart guy. He knew it was all hype and cashed out…his salary was just 600k
Rawlinson’s total compensation amounted to a jaw-dropping $379,029,183 in 2022. This figure included a relatively measly base salary of $575,000 plus $5,504,378 in stock option gains and $372,928,375 in stock award gains. Another $21,430 was listed as other income.
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He used 90% two different ways to mean two different groups.
I think he’s just saying the 10%-rich (the owners of 90% of the wealth) are not doing enough to support the 90%-poors who only own 10% of the wealth.
So when the 90%-poors are left to fend for themselves, they are only able to do so by moving a very limited amount of wealth around. Effectively killing any middle class since in his super-bleak-world the 90%-poors are by definition poor and there is no middle.
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I wouldn’t call it super-bleak. I can just do the math and see where it’s heading. I do very well for myself, just would like to see the same opportunities for my children as they won’t be inheriting anymore from me then what is needed to give them a start in life. Anymore is disincentivizing. The way we’re heading and the debt we’re burdening them with I don’t see a way out. At the end of every empire the treasury is looted, there’s no exception here. Nothing new under the Sun and history always repeats.
Generational wealth and nepotism is a huge problem and goes against creating a more merit based society.
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How tf is this off topic? Strikes will 100% impact used cars values if they go on long enough…I understand you discourage intelligent “off topic” debate but this isn’t it.
Brother. I paid top dollar to wire in a full Japanese style electric toilet in my master… it’ll change your life!
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Oh I don’t use that one. Just making a point thag it’s the same price as a pack of tp! We have a bidet in my condo. But if I didn’t I would def be hooking up something like that over buying and using TP…
I’ve been to Japan. Best toilets in the world. At my hotel it had leds and music built in. They take their deuces seriously.
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High interest rates maybe cuts off cheap money preventing the rich from cheaply buying real estate and other assets, but they can still buy necessities with cash. The high rates along with inflation on necessities such as housing/groceries are disproportionately affecting the middle class. The charts might look great, but the average family is hurting.
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