When you’re not clear on why the United Auto Staff union went on strike in opposition to Common Motors, Ford and Chrysler’s Stellantis this morning, look no additional than as we speak’s CNN interview with “pissed off” GM CEO Mary Barra.
As the best paid CEO of the Massive Three, making almost $30 million a 12 months (to the common GM employee’s 30 bucks an hour), she one way or the other figures everybody else needs to be pleased receiving solely a fraction of the 34% pay improve that she has obtained. As a result of, as she explains it, she’s the high-“efficiency” boss, and all the pieces the corporate makes trickles down from her.
However when requested by CNN’s Vanessa Yurkevich how such a pay discrepancy is truthful, she will not reply the query (as a result of how may she?), as a substitute attempting to promote her “aggressive provide on the desk” speaking level. (See video under, posted by Jordan.)
Yurkevich: “You have seen a 34% pay improve in your wage, you make nearly $30 million. Why ought to your staff not get the identical sort of pay will increase that you just’re getting?
Barra: “Properly, for those who take a look at compensation — 92% of it’s based mostly on my efficiency of the corporate. … We have now revenue sharing, so when the corporate does nicely, everybody does nicely. For the final a number of years, that is resulted in file profit-sharing for our consultant staff. … We predict we have now a really aggressive provide on the desk.”
Yurkevich: However for those who’re getting a 34% pay improve over 4 years, and also you’re providing 20% to staff proper now, do you assume that is truthful?
Barra: Properly I believe whenever you take a look at the general construction, and the truth that 92% relies on efficiency … I believe we have a really compelling provide on the desk.” Sure, for her that’s.
Entrance web page thumbnail picture: CNN
