LINK General Motors CEO Collects $22 Million Salary While Cutting 15,000 Jobs
Merry F--king Christmas
10
Enjoy being online again!
Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.Create your free account
13 comments
Feel free to reply to any comment by clicking the "Reply" button.Isn't that just DANDY? The workers get pink slips, the investors get their dividends and the CEO gets a golden parachute. I love capitalism!
Flyingsaucesir
Level 8
Dec 23, 2018
3
maybe he shared that bonus, to the people who lost there jobs? we all know how compassionate the super wealthy are this country. very sad chevy owner here
metalhead222
Level 8
Dec 22, 2018
2
You must be some kind of commie socialist to complain about the Amerikan system of feudal lords.
In Japan, another quite capitalist system, this wouldn't happen. There, during bad times the first to take pay cuts are management.
Beowulfsfriend
Level 9
Dec 22, 2018
6
Afraid of communism? Fear of socialism? What japan has to do with ameriKKKa? Is that your Life Experience?
Loving this post by Beowulfsfriend! Perfect!
@GipsyOfNewSpain There's some sarcasm in that comment man.
@GipsyOfNewSpain I was being sarcastic. Feudal lords?
@Beowulfsfriend Sarcasm in ameriKKKa, that's how trump started.
@Beowulfsfriend, @kmdskit3 Sarcasm in ameriKKKa, that's how trump started.
Asshats. About we pay these rapists $1 per employee as their only "bonus"
AnneWimsey
Level 9
Dec 22, 2018
2
Business as usual. We are having a banking royal commission going on here in Australia at the moment. Bankers getting huge bonuses while doing some horrendous things to their customers. The shareholders are revolting and punishing them with pay cuts and cutting their bonuses, but that is not enough. They should be jailed.
Jolanta
Level 9
Dec 22, 2018
5
With Sears, in bankruptcy, they're paying out $25M to management. Management that lead them into bankruptcy.
david75090
Level 7
Dec 22, 2018
8
IKR, more of the same shit.
Makes me glad I returned the lawn mower I'd gotten a week before they crashed.
there needs to be a formula developed for situations like this & enacted into law.
The "Equity Act" or some such, whereby a CEO cannot walk off with obscene amounts of money like this while laying people off. What's the total cost of those 15,000 employees?
This is so criminal. And then we the taxpayers get to subsidize this CEO by covering the shortfall of these unemployed people under this company. Disgusting.
It's one thing for a company to go under, quite another for everyone else to be enabling the ferrari collection while people starve.
Qualia
Level 8
Dec 22, 2018
6
I agree! Just half of her bonus would have helped out all those workers immensely. Fucking greedy republicans.
@HippieChick58 There needs to be a percentage worked out so scenarios like this never come to pass.
@Qualia I agree!
@HippieChick58 not sure if I"m mathing right but a 100k severance (which is NOTHING) to those 15k employees would be what, 15m? Almost 2/3 of her bonus. Why that much compensation is owed one person at the expense of those who keep her employed is beyond me how that's legal.
@Qualia I couldn't agree with you more.
@Qualia If you are multiplying $100k times 15,000 employees I get 1 billion 500 million. $1,500,000.000. $1000 times 15,000 employees equal 15 mil.
I’ve said the same thing about paying a living wage. CEOs who take in millions while their employees collect welfare and food stamps are the ones leeching off the taxpayers.
@A2Jennifer Exactly!
As long as this kind of thing is allowed to continue, nothing will ever be changed.
It doesn't matter what the government does.
KKGator
Level 9
Dec 22, 2018
4
Unfortunately, this creed of greed has been tolerated by the middle class for too many decades b/c they stupidly bot into the trickle down nonsense from Reagan.
Consequely they have seen their standard of living decline ever since.
It will just keep declining. They are reaping what they've sown & now have rump to finish them off.
@callmedubious Dems have sold out the middle and working class just as much as the Repubs. That's how this downward slide in living standards for all but the top 10% has continued since Reagan.
@TomMcGiverin This started back even before Reagan. You're right though, both parties are equally responsible.
Enjoy being online again!
Welcome to the community of good people who base their values on evidence and appreciate civil discourse - the social network you will enjoy.Create your free account
Share this post
Categories
Agnostic does not evaluate or guarantee the accuracy of any content. Read full disclaimer.