The Conservative Cave
Current Events => The DUmpster => Topic started by: dane on February 04, 2014, 11:36:49 AM
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http://www.democraticunderground.com/10024442888 geardaddy (14,853 posts)
GM’s First Female CEO Will Make Half Of What Her Predecessor Made
http://thinkprogress.org/economy/2014/02/04/3243951/mary-barra-pay-gap/
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In December, General Motors (GM) made headlines for picking Mary Barra to replace Dan Akerson as its new CEO. That meant she would not only be the first woman at the helm of the carmaker, but any global carmaker.
But while she may have shattered that glass ceiling, her pay is another story. Looking at the company’s filings with the Securities and Exchange Commission, Elizabeth MacDonald notes that Barra will be paid $4.4 million in total compensation, which includes a base salary of $1.6 million. Akerson, on the other hand, made an estimated $9 million, with a $1.7 million base salary and $7.3 million in stock. That means Barra will make less than half of what he made. In fact, Akerson will continue to make more as her, as GM will pay him $4.68 million as an outside senior adviser.
Worse, Barra comes to the job with an outsized amount of previous experience. She’s been with the company since 1980 and was most recently serving as senior vice president of global product development. Akerson, on the other hand, came into the role without a background running a car company, previously serving as a managing director of private equity firm The Carlyle Group, although he has been on GM’s board since 2009.
They simply will not be happy, about anything. CEOs, according to them make too much money and their compensation should be be reduced. When it happens, they are not happy about it simply because the new CEO is a woman
They win one, and still bitch about it.
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Sounds like Odumbo is the one to complain to as GM was a government entity when the previous CEO was paid off...err I mean hired.
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The Obama regime pays about 79% of men's wages to their women staff.
Now the Obama regime GovMotor is paying 50%?
Exactly who is having the war o women? As with most thing progressive, the ones that are accusing and pointing fingers.
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Simple, Akerson is a member in good standing with the AFL-CEO. Barra is not. :whistling:
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They simply will not be happy, about anything. CEOs, according to them make too much money and their compensation should be be reduced. When it happens, they are not happy about it simply because the new CEO is a woman
They win one, and still bitch about it.
My thoughts exactly. You give them what they want and they get offended about that too.
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I wonder if Government Motors executives are assigned GS pay grade levels.
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She didn't have to take it....she could have done the DUmmie thing....quit and draw unemployment/foodstamps/welfare/section8......................
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Did the former CEO start at the salary he ended up with? Looks to me like his salary was mostly in stock. Increases in stock options can yield better dividends than upping her salary. Seems it would act as an incentive, too. The better your company does, the more money you make.
Cindie
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Did the former CEO start at the salary he ended up with? Looks to me like his salary was mostly in stock. Increases in stock options can yield better dividends than upping her salary. Seems it would act as an incentive, too. The better your company does, the more money you make.
Cindie
GM's sales were down 12%. But Nissan's went up 12%. :-)
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Here's another example of the DUmmies and their "Look at me" mindset.
Only 15 minutes after the first OP about the GovernmentMotors new CEO was posted, and it is still on page one of their GD, DiabeticDUmmy starts another one.
"Look at me" "Mine is THE one to read" "I don't have anything of substance to add to the first one, so I'll just start a new one" http://www.democraticunderground.com/10024444080
There are no replies yet, and DiabeticDUmmy didn't even make pithy, crunchy comments in his OP, just a simple excerpt and a simple line that could have been added in the earlier thread.
Maybe his wife told him to do it. She seems to control his actions on DU quite a bit
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This is a good opportunity to light the fuse on a few tampons among the Ku Klux Klams:
What is a penis worth?
At GM, it's worth $4.6 million dollars.
Now go fix me a sammich before I smack you in the face with my million dollar dick.
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I do think at a certain point you’ve made enough money
This salary has a presidential seal of approval!
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I love ideological conundrums such as this over at the DUmp.
In this case, we have Hatred of CEOs against a supposed "Ism"...These always confuse DUers...
On one hand, they're supposed to hate CEO's...On the other hand, this woman is allegedly the victim of an Ism. In such a case, when it boils down to hating someone with more money than they have or an Ism, the jealousy of the person with money will always win.
You can just see it in the replies on that thread.
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I do think at a certain point you’ve made enough money
So, you think at a certain point I've made enough money.
Two questions:
1. What is that point? Please provide a dollar amount.
2. What is your basis for arriving at that figure?
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So, you think at a certain point I've made enough money.
Two questions:
1. What is that point? Please provide a dollar amount.
2. What is your basis for arriving at that figure?
I think they might have been quoting Obama.
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This is a good opportunity to light the fuse on a few tampons among the Ku Klux Klams:
What is a penis worth?
At GM, it's worth $4.6 million dollars.
Now go fix me a sammich before I smack you in the face with my million dollar dick.
and double the bacon, bitch!!
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and double the bacon, bitch!!
:rocker: :rocker: :rocker:
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and double the bacon, bitch!!
:lmao: :rotf: :rofl: :lmao: :rotf: :rofl: :lmao: :rotf: :rofl: :lmao: :rotf: :rofl: :lmao: :rotf: :rofl: :lmao: :rotf: :rofl:
Sea, this is the first time I've ever used six of those combinations above. H5!
:cheersmate:
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So, you think at a certain point I've made enough money.
Two questions:
1. What is that point? Please provide a dollar amount.
2. What is your basis for arriving at that figure?
I think it was sarcasm:
[youtube=425,350]http://www.youtube.com/watch?v=k0JkyZx1LdQ[/youtube]
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So, you think at a certain point I've made enough money.
Two questions:
1. What is that point? Please provide a dollar amount.
2. What is your basis for arriving at that figure?
(http://24.media.tumblr.com/059581bce2caab9d5bd36eb1acb6bac1/tumblr_myhhioS75Y1rwoghno1_400.gif)
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I think it was sarcasm:
[youtube=425,350]http://www.youtube.com/watch?v=k0JkyZx1LdQ[/youtube]
"I want to be perfectly clear....I'm tired of being half black"[Obama]
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(http://24.media.tumblr.com/059581bce2caab9d5bd36eb1acb6bac1/tumblr_myhhioS75Y1rwoghno1_400.gif)
Does that mean you meant it sarcastically, or do you like the feel of a hand rubbing the top of your head?
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Does that mean you meant it sarcastically, or do you like the feel of a hand rubbing the top of your head?
not a big peanut fan I take it?
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not a big peanut fan I take it?
I recognize Jeff Dunham's Peanut, but since I can't read the dummy's lips, I don't know anything about the character.
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I recognize Jeff Dunham's Peanut, but since I can't read the dummy's lips, I don't know anything about the character.
peanut always does that when a joke goes over the head of somebody in the audience.
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peanut always does that when a joke goes over the head of somebody in the audience.
Ah, got it.
So, what did I miss?
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When did these snot-nosed thumbsuckers all of a sudden become concerned that a greedy capitalist was not getting rich enough off of the backs of the sainted union proletariat?
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Ahhh... 1.6 million in actual (base) salary compared to 1.7 million is not exactly "half."
Stock prices are notoriously speculative, especially with the fact that GM is a gub'mint shop. Usually, stock options are given as a form of incentive for the CEO, but they are actually based upon performance, not projections. However, since the gub'mint and the unions determine the performance more than a company not in bed with the bailout or union thugs, the stock options aren't as good a bet and certainly not something a novice CEO would start with.
I haven't bothered to look, but has anyone compared both CEO's salaries prior to each becoming CEO of Gub'mint motors? That would be a more accurate gauge of their worth.
Not that it matters to a DUmmie. The girlie is getting screwed, they whine incessantly at the Tea Party.
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I haven't bothered to look, but has anyone compared both CEO's salaries prior to each becoming CEO of Gub'mint motors? That would be a more accurate gauge of their worth.
Not that it matters to a DUmmie. The girlie is getting screwed, they whine incessantly at the Tea Party.
I did read somewhere that she has only one title and fewer responsibilities than the last guy. Less work for less pay, but the DUmmies want more pay for less work,
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I'd take that job in a flat second. DUmmies on the other hand..........
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If a penis is worth 4.6 million, where's my money?
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If a penis is worth 4.6 million, where's my money?
Apparently you're not enough to be sexually valuable.
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If a penis is worth 4.6 million, where's my money?
Same place your white privilege is.
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Same place your white privilege is.
Oh, nonexistent, huh.
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Did the former CEO start at the salary he ended up with? Looks to me like his salary was mostly in stock. Increases in stock options can yield better dividends than upping her salary. Seems it would act as an incentive, too. The better your company does, the more money you make.
Cindie
You are exactly right with the smoke and mirrors, Cindie. Observe:
But while she may have shattered that glass ceiling, her pay is another story. Looking at the company’s filings with the Securities and Exchange Commission, Elizabeth MacDonald notes that Barra will be paid $4.4 million in total compensation, which includes a base salary of $1.6 million. Akerson, on the other hand, made an estimated $9 million, with a $1.7 million base salary and $7.3 million in stock. That means Barra will make less than half of what he made. In fact, Akerson will continue to make more as her, as GM will pay him $4.68 million as an outside senior adviser.
Notice, they do not reveal what her other compensation is and yes, his stock is likely priced out at what it was when he cashed out the options minus their value when he aquired them for that compensation amount. Her's is likely only the value of the options given so far, not any appreciation on them if she has not cashed them out. So as far as base pay they are 100,000 between them and there is ZERO indication that we are comparing STARTING salaries or his Final salary versus her starting. Liberals are such distortion artists. Disingenous pigs. So tired of double speak either because they do not understand what they are looking at OR they are hoping to deliberately deceive people who don't know what they are looking at. That said, she makes 7% less then he does in base salary, again not knowing if we are comparing starting versus final salaries.
Edit to add: Dummies, CEO's and other senior and even middle managers are compensated with stock options as an incentive to performance. Many times their compensation package outside of BASE pay is considerably higher depending on how well the performance of the company is and how the stock options increase in value. Yes, there can be ethical issues inherent to that, many of which are being nipped in the bud by making directors and executives PERSONALLY responsible for financial statements, but putting ethics aside, CEO's and other executives and even middle managers are basically given large incentives they can help 'create' for themselves via exceptional performance for the company. That larger part of their compensation packages usually are directly tied to their ability to create benefit for that corporation and as an extension create benefit for themselves so any difference over the years you may see in that more caustic form of compensation is usually due to market conditions, economic realities(like those created by your savior), and the performance of that individual CEO not what sex parts they have between their legs you boobs.
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You are exactly right with the smoke and mirrors, Cindie. Observe:
Notice, they do not reveal what her other compensation is and yes, his stock is likely priced out at what it was when he cashed out the options minus their value when he aquired them for that compensation amount. Her's is likely only the value of the options given so far, not any appreciation on them if she has not cashed them out. So as far as base pay they are 100,000 between them and there is ZERO indication that we are comparing STARTING salaries or his Final salary versus her starting. Liberals are such distortion artists. Disingenous pigs. So tired of double speak either because they do not understand what they are looking at OR they are hoping to deliberately deceive people who don't know what they are looking at. That said, she makes 7% less then he does in base salary, again not knowing if we are comparing starting versus final salaries.
Edit to add: Dummies, CEO's and other senior and even middle managers are compensated with stock options as an incentive to performance. Many times their compensation package outside of BASE pay is considerably higher depending on how well the performance of the company is and how the stock options increase in value. Yes, there can be ethical issues inherent to that, many of which are being nipped in the bud by making directors and executives PERSONALLY responsible for financial statements, but putting ethics aside, CEO's and other executives and even middle managers are basically given large incentives they can help 'create' for themselves via exceptional performance for the company. That larger part of their compensation packages usually are directly tied to their ability to create benefit for that corporation and as an extension create benefit for themselves so any difference over the years you may see in that more caustic form of compensation is usually due to market conditions, economic realities(like those created by your savior), and the performance of that individual CEO not what sex parts they have between their legs you boobs.
Facts and math DUmmies do not comprehend.