Carmaker Management Salaries

The Midas Touch?

Carmaker Manager's Shameful Salaries

I have been more or less shocked by the attitude of the top management of several of the big American automobile manufactures who have recently come to Washington DC to demand a huge bail-out of their failing businesses.

Their bargaining leverage has been the assurance that if the taxpayers of this country do not come up with a pile of money to save them—they will make sure that their companies will crash—the disemployed workers will be on the streets and the millions of people in America and around the world who depend on the auto trade will also lose their livelihood.

These managers do not see this as the simple case of blackmail that it is.

I can remember a time not so long ago when the leadership of a company did all they could to keep the business profitable—to hold on to their best employees with bonuses, medical and retirement plans, and to keep their own salaries in line with the profits of the business.

Well this old-fashioned model has certainly gone out the window.

I read recently that the top leadership of the big auto makers was making a salary of thirteen million dollars a year.

For shame!

Most of us wage slaves could easily live several lifetimes on that much money.

How much ice cream can you eat anyway?

If the US car manufacturers cannot compete they should get out of the business —no amount of government subsidies will help—that will only prolong the agony!

As for those “managers” who get the millions of dollars a year for wages...

Well, what do YOU think they deserve?

Tomasito, 2008

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