GM CEO Mary Barra on UAW strike: We put a historic offer on the table
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- เผยแพร่เมื่อ 1 มิ.ย. 2024
- GM CEO Mary Barra and CNBC's Phil LeBeau join 'Squawk Box' to discuss the latest in the UAW strike, state of negotiations, the impact of the strike on the company, and more. For access to live and exclusive video from CNBC subscribe to CNBC PRO: cnb.cx/2NGeIvi
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Nothing this woman nor most CEO do is worth 29 million a year.
If someone has the skillset, knowledge, intelligence, wisdom and experience to make a company billions...Then they're worth $29million. You clearly have no idea of the complexity and challenges a CEO faces.
Challenges like... getting bonuses even while your company lost profits
@@afellowinnewengland6142your delusional if you think what she does is worth 29 million.
The stock is at the same price as 2010. She should have pay cuts, not raises.
@@Andrew-3445 Stock prices mean very little in automotive. VinFast is valued more than Ford and GM combined right now given the stock price- which is ridiculous. She's made the right moves and pursued the right initiatives.
She has zero right to be frustrated, her salary is 28.97 million this year. Or $13,924 per hour.
This is why I came to the comments before watching the propaganda / public relations spin.
WTF that's crazy
exactly
Her salary is $2.1 M and the rest is stock compensation
@@calofc01spoor Mary💸💸😢
Sad that her father worked at pontiac as skilled trades. That good wage and benefits put her through school to get the education and skills to reach the top of gm. Guess she forgot where she came from
These ppl don't care. She'd smother her own father for a Xmas bonus
Agreed; he’d be rolling in his grave at how she does “business”
That’s sad, she forgot where she came from
Excellent point. Did not know that. This fact needs to be spread far and wide; puts it all in perspective.
She didn't forget where she came from. She just doesn't give a damn. To her people are expendable. The UAW has my support. It's time the management at the top was told and no uncertain terms that they're not going to step on us anymore
When the rich steel from the poor it is called business! When the poor fight back it is called greed!
Steal, not steel.😊
GM should have taken these negotiations more seriously weeks ago instead of waiting until the last few days.
They wanted the strike. An excuse to keep prices outrageously high. I can't afford anything they build anymore, doesn't really matter to me what happens. Some other idiot can pay $80,000 for a stupid pickup truck. Not me.
@@lot2196i work there. I cant afford what I make either. Its no different than the old coal miners at the company store. Work there, then give a third back. Only we can afford that with the record inflation , price hikes, and mortgage interest rates spiking. Everyone is buying used more and more.
@@brycecooley7017its not sustainable, look around - unless you're in a yuppie neighborhood everyone is driving 10 year old beaters
Fizzact they always do this to make it a show but now all americans get to watch see what their labor/life means to theses corporate greedy ceo's
Why?
She made 30million and sits in front of a room filled with vehicles her employees can’t afford. Lol
This comment 🔥
Cheap Labor is flooding into the USA from bus loads from Texas looking for work.
Yeah that's not true at all and we all know it. 40% pay raises, 32 hour work weeks, traditional corrupt pension plans that have to be continuously bailed out by taxpayers without their permission. All for overpriced vehicles that average Americans can't afford. Like Biden and Pelosi, we need to retire these obscenely insulting scammers for good. 😕
@@chargermaster586 Yup, many of them from where these auto makers really make most of their vehicles.
She makes $30M.. how much of that is in stock options she can’t sell yet? And how much of that is cash? It’s not as simple as you think.
Mary has no clue what the strike is about and that is pretty sad and scary.
I don’t think she should collect $20m in compensation but I’m also often very skeptic of big labour strikes!!!
If you believe that (or that she'll show any cards in a news interview) then you're the one without a clue.
This woman started out lying. GM didn’t come to the table with any kind of offer until a WEEK before the contact expired!!! She keeps saying this is the highest offer in history. What she’s not doing is factoring in the concessions we gave up in 2008 or inflation. That proposal they gave us is 🗑️🗑️🗑️! I stand with Fain!! Local 2250 ‼️🔴🔴🔴
Bahahahahahahahahaha
@@JamesDeWalt909 it’s not that we wanted to strike. It was very clear from the start the big three were not going give us anything we asked for. The strike was inevitable.
We don’t want to strike. But we will and are
I urge you all to go to WDIV News 4, in Detroit Michigan to watch the president of the UAW strong statements about the record profits and pay increases for the Big-3s CEOS. Mr. Fain for US Congress 2024!
just all wait and go work for tesla or china company
I was never pro union. After hearing about how auto workers were screwed in 2008 and learning about ceo % pay increases, this strike is a no brainer.
Maybe you should do your own research instead of "hearing about" things. UAW came out on top during TARP, and again during "Covid Relief". 40% pay raises, 32 hour work weeks, traditional corrupt pension plans that have to be continuously bailed out by taxpayers without their permission. All for overpriced vehicles that average Americans can't afford. Like Biden and Pelosi, we need to retire these obscenely insulting scammers for good. 😕
The union gave up pensions to help the companies and still they refuse to give it back ... that's bs
Evil af
@@strawdemindset You're a straight up liar and you know it. Union Pension plans are a fraud perpetrated upon U.S. Taxpayers for FAR too long.
What a stupid b word … Listen … I could live my life in blissful peace if i had just a SINGLE payment of 29 million dollars let alone a YEARLY SALARY of 29 million … That’s north of 100k a day depending on the number of 0:01 working days .. 21 BILLION in profits this year already for GM. I don’t think paying workers what they are asking will bankrupt the auto industry. It is disgusting
I heard somewhere that she got a 40% increase in her pay over the last 4 years and she made $29 million last year. So, why can't their workers share a similar pay increase? But you know global corporate media will never ask that very fair question.
Cause they don’t deserve it , there not decision makers
@@NickGiordano-zu4emWho says they don’t deserve it? Why shouldn’t they make a decent wage? These auto companies almost went bankrupt during 2008-2009 and the UAW took a deal that helped the companies. Now they have made record profits and it’s time the labor got repaid for what it sacrificed when times were tight. CEOs are easily replaceable
True, but no general can win a war without great soldiers.@@NickGiordano-zu4em
@@NickGiordano-zu4emokay well then they should just leave the auto industry completely I wonder what will happen to those "decision makers"
@@NickGiordano-zu4emwho the hell are you to say what anyone deserves? Gtfoh!
It will be historic when it's done lady
😂
I remember the last times the unions achieved historic success in Detroit, I had to live there in the 70's and 80's, it was hell after all the jobs went out of the country.
This is like Succession: scripted, trying to get out ahead of the rest of the negative press, it's absolute theatre. Go workers!!
I urge you all to go to WDIV News 4, in Detroit Michigan to watch the president of the UAW strong statements about the record profits and pay increases for the Big-3s CEOS. Mr. Fain for US Congress 2024!
No. They want way too much.
@21AirDrop that is a lie. 35% pay raise is around 40 an hour. Get off of here with your BS. By the way, what she is not telling you is the 45% raise being asked is money that was loaned to them by the workers that they refuse to pay back. They are not even asking g for interest.
Umm that’s not even close to 80 an hour learn how to do math
The top wage of a GM employee is $32.32 and takes at least 8 years to reach that wage. We haven’t received any significant pay increase since the 2008 bankruptcy. Stop listening to big corporate media lies.
The big 3 CEOs have had no issues with accepting %40 pay increases for themselves and i can assure you their %40 is not the same as my %40. It’s time to give the workers what they are owed.
The interviewer asked questions that allowed Mary Barra to say what she wanted. Among the questions he did not ask is why is it OK to pay Tier 1 and Tier 2 workers differently for the same work?
It’s seniority. Once you’ve been there long enough, you move to Tier 1. That’s what the UAW wanted back in 2008, to protect the pay of the current workers at the time, instead of everyone taking a hit. If you go back to the fat contracts they had before the Great Recession, you’re gonna end up in the same situation again, companies going bankrupt…
She made $29 million in 2022 & nobody says a word. UAW workers want back what was taken from them over 10 years ago.
2010 was 2 million
Who cares what she made? You sound like a socialist. Move to the UK.
Her salary is based on reaching financial goals just like the workers. She's also a CEO who is responsible for making vital decisions, not some worker on the floor who is easily replaceable.
Shes just as replaceable & the people on the floor built the product !
@@kevinhewins6416 Going to go pick up one at the CEO store huh. It's that easy to do?
Phill, why didn't you ask her why she deserves a higher pay raise than her workers. "You made 4 offers" is not a question I expect from an independent reporter.
cause the program is shareholder driven
because that'll put the spotlight on her lol, the media doesn't care about workers
Exactly! Like they are not asking the right questions
comcast gonna comcast
She does deserve more. Much more more.
Why didn't the interviewer ask her how much she makes?
Because it was just published…Google it, it’s out there
She is yeh CEO, stop hating on successful people.
She runs a worldwide mega corporation. She shouldn't be making $100K a year so stop comparing her salary to line workers.
@@hckycpa20 So since line workers are not a big deal maybe Mary here should get her behind out there and make the cars her damn self
The Big 3 have profited tremendously since the 2008 economic crash; when the companies begged the members to give up concessions then to keep them afloat with the promise to return the members previous contractual demands when the companies became profitable again. That was nearly 20 years ago, and since then the companies have profited over 250 billion dollars, and yet none of those concessions have ever been given back to the rank, and file/membership who’s earned the big 3 those record profits! Wage increases have been absolutely stagnant with only a 4% increase in top pay between the last 20 years; while CEO’s salaries among the elective board members has risen 40% the last 4 years, and people want to know why corporate gouging/consumer taxing exists, and continues to exist/increase. The wages have increased only 4% in the last 20 years for the rank and file; while the cost of the very products that are built by the membership have increased nearly 46% in the last decade alone! You don’t think any of that is a huge problem either in todays day, and age! Ford alone will see a 150% increase in dividend payouts this year alone going from 2 billion up to 5 billion. They have the ability to revitalize a stagnant economy by levying some of those wages; yet they refuse to negotiate in good faith, and you believe that this is a bad time for the automakers to make these decisions? Our foreign relations overseas are terrible with China/Russia, and our supply chain snuffed out, so jobs are gonna have to come home regardless, and you can’t take a high value product, and build it in a low value country, and not have issues, so you tell me how this is a poor time to negotiate a contract for the members in good faith?! You literally don’t know what you’re talking about when it comes to big business, and these contract negotiations.
No low level labor costs/wages created low level competency within those manufacturing plants. That’s statistically proven too! The big 3 are struggling to maintain 90% of entry level employees right now due to poor economic/personal growth within the company, and they can barely retain the leftover 10% when you’re starving on parts from your suppliers, and laying those temporary employees off without benefits they don’t get paid, so why would they stay? Tell me you’re clueless without telling me! Lol
Ask her how much raises she’s had compared to UAW workers. And ask her how much she makes compared to those under her. She says she get raises because she’s doing the company good. Well, those UAW workers are doing better to make her do good by making GM money by pushing out products while working themselves to the point of not having a life outside the plants they live in.
are u serious, "not having a life outside the plants they live in!" U must be a complete dolt to think anyone believes that BS. I've been in hundreds of automotive plants and you know what I see, mediocracy, with real UAW workers sleeping right out in the open. And no they didn't pull a double shift, just pure laziness without any accountability.. U work trading time for money, that is what you do, GM doesn't owe you anything more or anything less..
CEO make grazie amounts of money some make over 200 millions a year. And there workers live paycheck to paycheck
@@4801328 I don’t think she should collect $20m in compensation but I’m also often very skeptic of big labour strikes!!!
Oh my god, “paycheck to paycheck” or “working themselves so they have no life outside the plant” LOL!!! Which is it? It’s not both at the same time. Every UAW worker I know LOVES the overtime, and they’ve been doing really well lately. Boats, motorcycles, the cabin up north…
@@eray9934you cant buy things based on overtime. If they have those things they are likely living on credit.
You dont have strong comprehension skills.
Doesn't she make $24 MILLION a year 🤔
No 29 million
@@MarkB-vp9ki
That's good, I'd hate for her to have to take a second job
@JamesDeWalt909lebron and the hotdog vendor are both employees. It's not like it's up to LeBron how much his employer pays another co-worker
Kinda like how a janitor at gm makes less than a machinist. That's not on the machinist. It's on the employer, or ownership
@JamesDeWalt909on here comparing apples to oranges again! 🤦🏻♂️
So what? You want socialism? Move to the UK.
This woman started the interview off lying! 😂
And the reporter let's her get away with it. He is a schill.
Mary BS emBarraSing 😂😂
Media gives female CEO's and Politicians soft ball interviews
"The labor movement was the principal force that transformed misery and despair into hope and progress." - Dr. Martin Luther King Jr.
Uhm he said that 60 years ago about something that happened 80-125 yrs ago -- times have changed -- the labor movement has strangled this country starting in the 70’s
Marx and Engels both had positive comments on unions.
Poor rich girl is frustrated.
1000 demands so GM waits until last minute 🤣
You did it Mary, you lead 😂
You lead GM to bankruptcy, Mary BS emBarraSing, you did it, and it matters! 👍🎉🎉🎉🏆
- Joe Biden.
we r going to do whats right. she dosent know what is right. for someone who makes millions she is clueless. ask her to take a pay cut and see what happens.
They keep saying historic offer like it's not a historic offer every 4 years..... It'll be another historic offer 4 years from now😂😂😂😂😂
Yup. Historic offer is call inflation. If you're not getting a much higher pay, you are losing money.
@@walden6272 Then go elsewhere and get that much higher pay. Oh wait, you can't because no one else is stupid enough to give it to you and you can't blackmail them. LOL
@@chillwill5080 Actually going elsewhere often do lead to higher pay. In fact, once you notify your employer you are leaving for higher pay, they would often give you a higher pay to match. I did that plenty of times. :)
@@walden6272 Then why don't these workers do it too? Oh right, because they aren't skilled at all.
@@chillwill5080 Actually they are skilled. The reason is simple, they already have taken over all the major Car Company in the US. So they can now force them to bend the knee. It will be the CEOs who needs to go find another job if this strikes go on for a long time. Investors are not going to be happy. That's the power of unions. Mob rules.
Its so nice when someone who is a multimillionaire running a multi billion corporation tells their workers they want to much money. You don't need to make 600-700 times more than your employees! Corporate America needs to take a hell of a pay cut and lift up the employees who do the work for them. They are full of greed and will never happen, unfortunately thats not changing.
“We put a historic offer.”
They asked for 40% over four years. Y’all countered with under 20%, not even half.
Why not ask for 200% or 300%. I mean that will guarantee eventual bankruptcy just like 40%. If everyone is going to be suicidal might as well go for broke. It's not like automakers go under even in good times and have had to be bailed out before.
The Love that damn word "Historic" and they generally use it while completely Ignoring the Actual History. Corporate doublespeak.
40% increase in CEO pay and 30% increase in car prices. That is great leadership? If so, for whom is that great leadership for? The consumer?
I wonder what she's worth per year. I don't get how a few are so above and so many are so below... 🤔
“Mary, Mary, quite contrary”
You put a historic bonus check in your pocket! UNION STRONG 💪
The unions and the oligarchs can go pound salt.
Sure, just let the companies ride record high profits while lowering their workers' salaries
Your boy Biden is letting millions of low cost employees over the border every year. That helps drive the future dem voter base while driving wages down.
She makes almost $30mil a yr!!!
But the “real” enemy here is those greedy factory workers who would like a couple more dollars on the hour…..
Screw these ceos
I am a GM employee who transferred from one “GM” plant to another “GM” plant. I was robbed of 10 years seniority because of where I came from. I’m not hearing anything from GM saying that they will stop discriminating employees from where they come from and returning their seniority that was stolen from them.
An undefined‘historic offer’. When workers at the big 3 carmakers earn less now in real dollars than they did 15 years ago what does she mean exactly? That with this offer they’ll earn as much as they did 10 years ago?
Welcome to the real world of Bidenomics. 81 million of you all voted for this, embrace it.
Thinking Mary should have made that offer about 10 years ago
I wish they would ask her why they capped pay on parts plant workers. I don’t get it
In real terms , you really want to go there without getting political , it’s called inflation
If anyone does not think I was not right about her, then listen to what people say about her.... and how the media say about her. Mary Barra is the root cause of this strike...
Its ok Mary I think you done a great Job replacing the prior CEO Rick Wagoner and deserve praise, you should buy some land in Mexico as a precaution and keep it as a bargaining tool , it would pay for itself . These idiots think because you get a big bonus they should get a match to scale . So why don't bank tellers get what Jamie Diamond gets to scale , why dont apple employees get a piece of the profits to scale , I wouldn't apologies for nothing , you dont owe these guys nothing , its easy to write the back of a check its harder to write the front thats what these geniuses don't get. I feel bad for you because thats the last thing you need right now and your not getting any help from whats supposed to be the president. These are unskilled workers , they would probably be working at walmart if not for the plant. 32 hour work week 40% raise , the UAW president is 12Years old , he might be in on it with Joe Biden I wouldn't doubt it. This is anti Big Business and Joe is anti Big Business
IBEW showing love here go UAW.
Local 11.
That’s rich coming from a woman who literally nets $112,000 a day for her paycheck…a single day.
Girl power, she deserves her pay..
Go mary Go..😆😁
Job security only works for everyone when the job makes a person feel secure in their financial and personal needs. These companies were able to provide everything we are asking for prior to 09 when concessions were made. They keep stating they’re presenting “historic” contracts but the only thing that makes them historic is the inflation that requires these contracts to “provide” so much. We’re asking for the dream job back. The life changing job. I remember when my mother got hired in 97 it changed our lives. We were able to take vacations, but new vehicles and buy a house instead of living in a trailer. We were living proper a proper middle class life. As it stands my life has no room for growth. I am topped out and set to retire by 49, however if things keep progressing they way they are I will never be able to retire comfortably at that age. My heath, my wealth and my needs are on the line here and it’s time to make adjustments to CEO salaries so that there is room to provide fair wages and fair rights.
#UAWstrong
Sounds pretty tough... having to retire before 50.
We should give more money to Ukraine. That's all that matters. Who needs food?
@@migueldacosta58 Right? in the words of Colonel Kurtz " The horror, the horror"
@@bunsw2070 Someone doesn't understand how the Federal government is set up. lol That money is budgeted for situation like Ukraine. The United States does not exist in a bubble. We're a part of NATO and have allies.
49 and retiring, how is that possible? Oh yeah because you work for GM, that is how you are able to retire 16 years earlier than everyone else.. So GM doesn't owe you sh!t except the pay you earned by trading time for money as that is what you are doing.. No company owes you anything more or anything less. I do agree with the CEO's taking huge pay cuts, that we can all agree on..
Mary Barra is the highest-paid vehicle manufacturer CEO in the USA. Her salary, plus bonus, plus stock options came to $29 Million in 2022. All other GM executives also make very high salaries. Frankly a bit too much. The employees should share in the success of GM. They actually make the vehicles. The negotiations would not have come to strike action if the company had been more serious in negotiating with the union. The employees made major concessions to keep GM running after the government bailouts from the USA & Canada in 2009.
I did not hear anything about the stock buybacks or what the CEO and higher level executives pay increases have been relative to the worker...
Meanwhile, she makes more in one year than most workers make in their lifetimes.
I read she makes something like 13k per hour. that's more than an army of workers make in their lifetime 😂
Something crazy like 766K a day
More like 12 lifetimes on avg.. probably more
And your point is?
"We shouldn't be striking right now, I need my holiday bonus"
-This lady
Screw the car manufacturers. Pay your workers!! They've been raising prices for the last 10 years and most of the wage increases have gone only to their Executives.
These pigs paid themselves for years after we bailed them out. Now they need to be forced.
She's full of it. The union took it on the chin to save these companies. All they're asking is to be made whole again.
Unions are un-American and socialist organizations. Solidarity! The Marxist cry.
I hope I am wrong and people can resolve this. I myself am over the notion that the big 3 automakers need taxpayer help. Toyota Tacoma are now American built and 1500 Chevys are Mexican, I love my Tacoma and my 96 F250 Ford is more reliable than my friends 85k 2020 F250... Why can Honda and Toyota build in the US and make vehicles well and the Big 3 just cost more and more and deliver less?
Because of the stinking, socialist, corrupt unions. That’s why.
because they are not lead by total morons, like this lady and the UAW President! They both need to be gone..
GREED DUMMY.
I told the media on my picket line yesterday what we are fighting for is beyond just the UAW. The middle class is eroding while the top get 400% raises while we lose 3-5% a year. It needs to stop.! On 9-14-23 it ended at my plant! I hope fain does whatever it takes to make this contract finally right!#AsLongAsItTakes!
We need it for our families
She keeps saying this 20% over 4 years offer is historic.. all that means is that they’ve been stiffing the workers for the last century. When tax payers bailed them out they asked all employees to make concessions, which the employees did. UAW employees have gotten a 10% raise in the last 15 years! Even if they get a 40% increase in the next 4 years, that would make it approximately 2.5% a year over 19 years. It is absolutely reasonable for UAW to ask for what they’re asking for! ✊🏼
Give them 46% and be done with it! The workers deserve it and more!
This ONE employye named Barra Makes how many million a year ? Why is this question not asked ?
I’d like to see how fast she would quit if they slashed her pay by 20 percent.
This greedy clown is just another pawn looking out for herself.
if the corporations don't put their employees first then I don't want their selling! Americans first!
MARY! Where are you? You led MARY AND IT MATTERS!
Mary BS Barra😂😂😂😂
Mary BS emBarraSing will lead GM to bankruptcy 😂😂😂
Yeah Mary Barra, how much of a raise did you get since 2020?!
You're not negotiating you're being greedy. The UAW is done hearing it. They told you what they want, agree or go out of business.
I work at GM Wentzville. We are not happy with what’s offered! What employees have you spoken to that thought it was great? We went backwards in pay and the economy has crushed us. We can’t afford the vehicles we make. She makes 29 million at GM alone not to mention the many boards she sits on. When can’t her pay be cut to help the economy? Shame! UAW local 2250!
solidarity, go get em
All the CEO's tell LIES, the wage increases only amount to about $1.50 a year over 4 years, that is terrible. Inflation has put the wages way behind, Sorry Mary, you and the company can do much better, and GM has raised the prices of vehicles 30% and UAW workers only received 6% raise in 4 years
Solidarity forever
The great Marxist/socialist cry.
She says she has a great offer out there thats "historic" but ask her about what shes offering her GMCH plants!? I saw 0% and substandard pay. We should recieve a raise too. Ask her about that. She doesn't even consider us. We're GM when they talk about their parts but when it comes to pay we are not close to what the bigger plants make. Its funny, we had to concede our pay when they went bankrupt and were promised to get it back but haven't yet. Shows how much they think we're worth. I have to work 70 hours a week just to make bills. They want us to buy their vehicles, ask her how thats possible!? All we are asking is to recieve better wages. Walmart pays their new employees out better than what GM does. I had to be a temp for 2.5 years and at the time was offered no insurance, no days off, if I was late 5 minutes I would've been fired. If the work here is so important why wont they treat us better? I work my butt off. I just want to be able to enjoy life without living at work. Thats all. I've missed alot of family get togethers and my kids events because I have to worry about next weeks bills. Sometimeslife is really bad and I miss a ton. Depression, aches and pains, it all matters and a better wage would go a long way. As long as he is comfortable tho in her life then apparently thats all that matters
This interview clearly shows CNBC is in the pocket of the big business. Nothing but softball questions. No question about why she deserves a 40% increase in pay and makes $29M last year while union workers haven't recovered from the concessions they made 10+ years ago
The UAW workers have been giving back for the past 17 years while the executives and CEO take home millions. Give the workers what they want or take a seat and let someone else do your job.
We want a 40% increase in pay to make up for what we have given in past negotiations. We want a defined benefit pension plan. We want you to eliminate the two tiered system of worker pay.
Auto prices have increased by 30% in the past 4 years.
GM PROFITS in past 4 years = $21 BILLION (17% Increase since 2021)
Ford PROFITS in past 4 years = $24 BILLION (9% Increase since 2021)
Stellantis PROFITS in psst 4 years = $18 BILLION (26% Increase since 2021)
In the past contract negotiations, the workers were requires to GIVE UP wage increases and benefits. Now it is time for the big 3 automakers to give back what they have taken for our loyalty and labor.
CNBC is now CNBS
Profit is the revenue remaining after all costs are paid. @@J8726
Ewwwww CEOs trying to make hard workers feel like they don’t deserve anything
What is the salary of the president of General Motors?
How other executive leaders did. In GM's filing, it also listed the 2022 total compensation of other key GM officers: President Mark Reuss: $14,349,551, up from $12,535,747 in 2021. CFO Paul Jacobson: $10,235,938, up from $9,578,648 in 2021
She makes $30M. She gets raises. Uaw is asking for raises over 4 years with a livable wage
I certainly think too many executives are vastly overpaid. Yes it's a class war. But profits should be paid to the shareholders of the company, not necessarily giving all to the workers. I don't know that much of the UAW and their pay etc now....But for years auto workers have been overpaid for what they do. The UAW gave other unions a bad reputation by asking (and getting) bloated contracts and benefits. The biggest question would be though, we anyone would buy a vehicle from the "Big Three" if they had to. Really poorly engineered and manufactured products.
The ceo is over paid
How much does she make from bonuses alone?
She gets huge yearly raises for herself. Enormous bonuses. And reaps the rewards of the stock buyback dividends.
27 mill. $😂
@@Voysh2Voysh69 it'd be nice stock piling money like she's able to. I wouldn't even know what to do with that type of income. Probably take a month long vacation somewhere that doesn't have technology just to get away haha
Sad that most Americans siding with corporations, no matter what no employee in America is paid enough
I’m not an auto worker but I’m supporting by limiting my spending to $500 a week. End the tiers!!!
Sign the UAW contract. ✊
CEO pay is out of control. In 1980. The CEO of General Motors made about 11 times with the average UAW worker made . 2008 the CEO of General Motors made almost 200 times what the average UAW worker made and last year the CEO of General Motors made nearly 400 times with the average UAW worker makes. Do the math. Nobody is worth 29 million a year no matter what they do. My direct message to Mary Barra is this: how would your father feel about the disparity between CEO pay and the pay of the rank and file?
Mary, your "bonus " was historic!!
Remember when a "fat cat" was a portly white man, in a nice suit driving a big black Cadillac? Look at a majority of the UAW members.
Fact: almost nobody can afford to buy a new vehicle.
Time for a reality check.
America should fall just to show everyone how much they needed the American people.
She stated the wanted to do the right thing.... Why didnt they do yhe right thing to begin with?
Very Credible since the GM CEO makes millions in incentives
I don’t think she should collect $20m in compensation but I’m also often very skeptic of big labour strikes!!!
@@HusseinDoha same bot comment over and over.
Was BARRA given her job skills in order to make GM look like it is diverse? What are her job skills...raising car prices, dodging the questions put to her, and laying off employees?
Come on man, wages should start at 20 bucks an hour at plants. At first I was upset with unions, but then I read that wages begin and stay at 16-18$ an hour for the first 5 years. That is not a lot, and considering you've made serious money lately, don't be greedy and raise wages. 16 bucks an hour to work on a car assmbly line? I could make more working as a god damn busboy!
If they gave this woman a 40% raise and the poor workers haven’t seen a raise in 7-8 years then yes, PAY these people. Prices of cars keep going up while the salaries of these greedy corporate fat cats keep ballooning. These greedy CEOs need to agree to significant pay cuts and reinvest that money in the workers.
Ceo like this who steal from their workers will roast in their molten coins....
Support the striking workers do not buy anything from the big 3 no new sales. .. eat the rich. .. stand strong U A W.
damn right
shut it Mary, The real 'historic' offer was when the UAW took concessions in 2009.- time to give it all back 👊
GM's stock price in 2018 was $35 per share now its $33. Mary should have gotten a pay cut. Not a 30% raise.
GM stock price was $64 in 2021...Didn't see you complaining then when she was running things.
@@afellowinnewengland6142 problem is we are not in 2021. Or to make a better point. If you bought the stock in 2021 you lost 1/2 your money and Mary still got a 30% raise.
@@molassis8474 So let me get this straight- when the pandemic tanked the stock market and auto shares dropped to peanuts (along with most other companies) you blame that on leadership instead of market dynamics? Stock prices don't always correlate to good leadership or have anything to do with profitability. Boards review a host of factors that have NOTHING to do with stock prices. Automotive is long term oriented and you make decisions that come to light 5-10 years down the road. She's doing the right things. Period.
@afellowinnewengland6142 Mary has been doing the right things? 2021 was when GM partnered with Nikola.
Shameful. For a person who got a $39M dollars increase in 4 years due to company performance. And have the audacity to say the company can go bankrupt?
Stop making the workers do mandatory 6 day work week...you cant get laundry done, grocery& shopping, cleaning house and trying to spend time with family in just one day.. if you do need a certain saturday off you have to use vacation time.. try working 12 days in row with only two days off then finally have reg weekend... uaw workers worked during covid gave up alot during bankruptcy watched plants close go overseas and to mexico... watched ceos get million dollar bonus free cars free cellphone and service.. watched gm get 3 billion dollar profit last quater .. please put workers life quality in better time management by only doing five day a week..5% of a workers pay goes to vechile cost.. the rest goes to shareholders upper mangement pay structure and reinvestment of future ev research design...it takes avg worker 5 years to pay off loan of vechile they make with their hands..
Cut your pay!! Stop building electric vehicles nobody wants
Cnbc you asked the wrong questions.
This Lady makes 200x times a factory worker --- What BS
“We don’t need to be on strike right now” tell that to the people who live on the salary you put forth or how about you live on that salary.
Maybe the CEO should stop taking Millions every year in bonuses???? Maybe the company should stop giving billions to do stock market BuyBacks??? Hummmm
This will cost GM billions! Per day! Much cheaper to cut the salaries of the over paid little to no work office staff! Cut the office staff 40%! Mary BS Barra salary should be zero! Pay her in stock options. If she believes so much in GM it should reflect in the stock’s value. Which has been declining since 2016! Believe that!
Her entitlement is showing
gm pulled engines from plants to send to wentsville to unload them there but when they found out the strike list was fake, and wentsville went on strike they lost all those engines and had to send them back! hahahahah this happened at Lima engine also! hahaha
This strike can end when ever the company wants it to. I dont think it will be long. GM has a ton of momentum in the market. Why stop it?
GM (government motors) is insolvent. The only momentum they have is illusory. These unions are gonna find out the hard way that free markets, which haven’t been part of our once great Republic for decades, is the only economic system worth a damn.
Ya that's why they were on strike 4 years ago
We need more plants to go out based on this interview alone
GM, Ford, and Stellantis put jokes on the table, not historical offers. People need to make a living wage. Our people start at a wage that's below what people at fast food workers start at, and break their bodies 12 hour days minimum, 7 days a week. Some plants have been forced 16 hours, 7 days a week.
Your offer, Ford's offer, Stellantis offer are all good and enough. The UAW forgets who pays their health insurance, legal services, dental, optical, etc. Put it all together and it is a good offer and enough. Fain has never managed anything. Your pay, Mary is too high, should be $22 not 29, but Fain is just a line worker, not terribly concerned because he gets paid even if the workers don't. He likes the fame though. Don't give in. The three Companies have made good offers.