Fain is having fun with this.
"Tune into @UAW's Facebook page at 2pm on Friday, October 6th to see who gets the rose!"
I'm not sure the striking workers see the humor in the negotiation game. $500 doesn't go far when it's week after week.

 

and... That's where I would fail and get fired. YAY , I have a great benefit, I get paid for getting fired I would also consider the long term effect, just like Mr. Ford did way back when he paid the workers good enough that the worker could ACTUALLY buy what he produced... Today's thinking about only the $$$ is a short term "solution", like laying off 1,000 workers or sending 1/2 of the jobs to cheaper countries, and guess what, the stock shoots up and you are the king, the best CEO ever. YAY What about the future when quality falls, workers are fed up form unions, and sales drop...and you are fired, but who cares, you have a side benefit, you still get paid big $$$ for being fired. YAY,

 

I asked before so here it is again. You want the company to stick with the workers. What, beside labor for payment, can the company expect?

 

That is easy, No strikes, happy/satisfies workers, workers showing up to work, improved product, more sales as more people can afford to buy what ever goods are produced... and yes there will ALWAYS be lazy, apathetic people but most would do their best when they think the company is doing right by them...

That is what I did when I worked, I was there to make the company $$$ get the job done, safely, efficiently, to the best of my ability, why...??? Because that is how I enabled the company to pay me what I thought I was worth... I am sure my bosses/owners of the company's made way more $$$ than I did, but they "deserved it", how much more, I do not know but probably not more than 5X definitely not more than 10X more...

EDIT; Maybe 10, 20 or more years of building up the company they could sell it and make millions more (and I wouldn't get a dime, and I wouldn't care), but that IS why they take risks, put in more effort, and that is what Capitalism means to me, providing a "good" living for others and reaping the benefits of what you accomplished with the help of the workers...

This nothing matters but making $$$$$$, is going to be the downfall of Capitalisms JMO

 

Ford's biggest individual earner last year was Jim Farley, whose total compensation broke down as $1.7 million in salary, nearly $15.2 million in stock awards, nearly $2.8 million in incentive plan compensation and the balance in other payments for items such as evaluation vehicles and life insurance/death benefit. Ironically, he was the lowest paid CEO of the "Big 3".

You are thinking in a very myopic, tiny way. Let's do the math -

One CEO making $21,000,000 in total compensation - which is mostly stocks, options, futures, etc. that are WORTHLESS if the company doesn't perform...

versus

57,000 UAW workers making $100,000 per year. That also doesn't include their company-paid benefits - which are HUGE - over $1,000,000,000 per year for hourly employees.

If the UAW accepts Ford's offer the average new hire will make $100,000 in four years. They all get benefit packages that are in the top 1% of all American workers - with $0 premiums. Who do you think is paying those premiums?

Let's stack these numbers so it is easier to see:

$ 75,000,000,000 = UAW pension liabilities for 2023. Ford Pension Liabilities (Estimated, average for 2018 - 2022)
$ 05,700,000,000 = UAW workers PAY, not including benefits. Ford UAW Contract Offer
$ 01,000,000,000 = UAW workers medical benefits paid by Ford. Ford UAW Benefits (The average American worker contributes 33% of their medical insurance premiums - Ford UAW workers contribute 3% - with $0 deductibles)
$ \00071,000,000 = Total compensation for the top 5 executives at Ford. Ford SEC Filing Info

Now, lets ask your question again - who is sucking huge $$$ out of the company ????

 

Everybody, the workers, the management, the investors, they are ALL are sucking $$$ out of the company, I should widen my myopic view, I wonder how much the $$$ the investors made/sucked out in dividends so far since the union got in...???
As for this $75,000,000,000. Pension liability, shouldn't Ford Co. have invested it over the years instead of what...??? Giving it to the investors as dividends, or what ever they did with the moneys... Deferring paying moneys oved and here is what it got them... $75,000,000,000.in Liabilities... Seemed like a good idea at the time I am sure, but now...???

 

While they are busy crying and feeling sorry for themselves because a CEO is making more money than them.
What they should really be upset about and fighting against is how rich Fain is getting off of them.
Don't want to acknowledge that do they.

 

I'm sure they will. Just not in this world we live in. I'm looking at the workforce today and yes there will ALWAYS be lazy, apathetic people but a small handful would do their best when they think the company is doing right by them... I see this in people from minimum wage to 6 figures (low to mid management). Look at the world we live in. If people were that good, we wouldn't have half the issues we have OUTSIDE of work.

While I have my doubts about people, I would be willing to give you the benefit of the doubt and accept you are what you say you are as an employee. That people like you are the majority, well, my fantasies don't even go that wild. Maybe when I was younger and in my teens I would have believed that there were a few bad apples. Today, based on what I see, I believe the possibility of a good apple in a barrel of rotten fruit is a remote possibility.

I don't follow. As an employee, I agreed to a certain amount (whether I like it or not) to do a job as best as I can. Nothing more, nothing less. My company is not responsible for anything than to make a profit and keep it's shareholders happy. It doesn't owe me a thing. I neither want nor desire anything besides what I (wisely or poorly) negotiated for. While it would be inconvenient for me, I not only accept but support their decision to fire me should it be more profitable. That said, I also have the right to quit a $10 an hour job because someone offered me $10.01 to walk across the street to the competition. We work together as long as it is convenient for BOTH of us. I don't ask you to think about how inconvenient it is for me to be fired before X'mas and I don't care how inconvenient it is when I give my 2 weeks notice.

Maybe but it does take 2 parties to behave well and not just one party being good and the hoping the other party will follow. Since NEITHER party is bound by more than lip service to morality, that is all you get. Lip Service.

 

Sorry to say you actually maybe right... This old fart remembers when things were different. The tone of this whole thread tells me I am barking up the wrong tree...

 

I can't say what things were like since I wasn't around then. I was born in late 60s but in Asia and the mentality was vastly different. Even back in the 80s when I moved here, it wasn't as bad as today. Regardless, I can only live in what we have today. Yesterday is gone. Couple generations ago, family meant a lot more than it does today. Had quite a few children that didn't want to spend their inheritance to keep Mom & Dad at home safely.

 

Speaking of CEOs, and corporate greed

https://finance.yahoo.com/news/ceos-...122058731.html

 

Managers need someone to manage. Otherwise, they are pretty useless and need to be axed. They know that. Forcing people back into the office so they can feel useful again is purely self-centered. The layers of bureaucratic management in long-term companies is mind boggling.

 

That is so true. How sad.

My brothers and sister and I are going through that right now. Our Dad passed in March and Mom is alone in the house I grew up in. She is 93 and still rocking. But, we all know (including her) that she can't live alone forever. My siblings and I made the decision that we will keep her in her own home until a hospital-required event happens. We did that with Dad - and it was tough (Parkinson's and dementia). My Mom is always worrying about "our inheritance" and we have all told her that we are only interested in her safety and comfort - not her money. I am in the process of selling my house so I can move to care for her. In the mean time I bought a LifeFone GPS / cellular pendant for her. She can push the button anywhere she goes and they can talk to her, locate her, dispatch help to her, etc. It also has fall detection - if she falls and doesn't answer they will dispatch help. She even wears it in the shower - where the majority of falls happen. A little peace of mind for us children and her until I can get down there.

 

So with all the talk of CEOs, shareholders and stocks, for those who say the CEOs are paid with stock options....

https://www.tiktok.com/t/ZT8rjLpU1/

 

There's nobody on the planet worth a productive value of 14 million a year.

​​​Bring back Occupy Wall Street. That's what those in power really feared and is why the current narrative is "Whitey bad", so everyone is infighting.