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  #1  
Old 12-10-2014, 07:07 AM
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Ford CEOs pay up 48%

m Ain't that a crock of feces.Some employees only make $15. a hour,in real expensive areas.

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  #2  
Old 12-10-2014, 11:38 AM
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And some employees probably aren't even worth the $15. Regardless of where they live.

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  #3  
Old 12-10-2014, 12:46 PM
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B.S. what you stick up for thoose greedy bastards.
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  #4  
Old 12-10-2014, 01:06 PM
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At what point does wealth become greed? Why should the CEO not be rewarded for smart decisions that result in success?


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  #5  
Old 12-10-2014, 01:21 PM
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I imagine a CEO that has achieved what's been done to Ford would be pretty sought after. If they don't pay him that much, somebody else will.

$15 an hour seems like a great starting wage for new unskilled labor. You would have a line mile long for a starting pay like that in Wichita.
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  #6  
Old 12-10-2014, 01:25 PM
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Alright, look, I haven't consulted Fords stock prices today, or been watching them over the last year. How are they doing? Is the company doing well? Should not the leader of the company be rewarded for good performance?

And at the other hand, are all employees worth a certain dollar amount? If so, what it that amount? Who decides what that amount is? Every floor sweeper, every box stacker? Are they all to earn comfortable middle class pay for entry level unskilled positions?

C'mon, let's hear it.

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  #7  
Old 12-10-2014, 08:44 PM
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Rather than complain about it, why don't you apply for a CEO position?

The market decides what skills are worth. Common skills ( general labor ) have a low value because they are abundant. As the difficulty rises, the pool to draw from shrinks. Companies will pay to keep these skilled people from jumping ship.

In my current position as Manufacturing engineer / equipment engineering / fix , build , buy complicated equipment, I make nearly 2.5 times what our entry level shop workers make. Am I evil too?

Can these entry level shop workers diagnose and repair electrical problems on a CNC mill? ( Hint, they can barely load a part in into the vise properly and press the start button. )

Can the guys that build shipping crates keep from air nailing the hose to the crate? Or not leave their tools in the crate. . . .or not air nail their hand to the crate. ( 2X over a few years for one guy )
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  #8  
Old 12-11-2014, 02:10 AM
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100 highest paid CEO's

100 Highest Paid CEOs

And Costco CEO salary.

Business & Technology | Costco sets pay for incoming CEO | Seattle Times Newspaper

Ford earned about $130 billion in 2013. CEO made $23 million

Costco earned about $110 billion in 2013. CEO made $2.3 million with bonus and stocks.
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  #9  
Old 12-11-2014, 02:27 AM
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I think the market has little to do with executive salary. I do not think there is any job where someone 'earns' $150 million for doing anything. The BOD dictate salaries. Many CEO's are on the BOD's of other companies. Look at Micro Soft's as an example. To say that there is no back scratching going on I think is naive. Also, there are CEO's of companies bankrupt or poor performing companies. Look at the banking industry, Lehman Brothers or Citi Group.

According to this study, about 40% of CEO's were, to say the least, not deserving of their salary. Of the 40%. 22% were in companies that were bailed out. Another 8% got canned but on average got a $48 million severance package. Another 8% had to pay fraud related fines.


So I am going to go with NO. These salaries are neither deserved nor earned. Should good performers be paid well. Yes. And yes everyone has a different definition of what "well" is. As far as I am concerned, everyone on the first list I posted above is far beyond what I define as "well".
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  #10  
Old 12-11-2014, 07:17 AM
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Quote:
Originally Posted by davidmash View Post
I think the market has little to do with executive salary. I do not think there is any job where someone 'earns' $150 million for doing anything. The BOD dictate salaries. Many CEO's are on the BOD's of other companies. Look at Micro Soft's as an example. To say that there is no back scratching going on I think is naive. Also, there are CEO's of companies bankrupt or poor performing companies. Look at the banking industry, Lehman Brothers or Citi Group.

According to this study, about 40% of CEO's were, to say the least, not deserving of their salary. Of the 40%. 22% were in companies that were bailed out. Another 8% got canned but on average got a $48 million severance package. Another 8% had to pay fraud related fines.


So I am going to go with NO. These salaries are neither deserved nor earned. Should good performers be paid well. Yes. And yes everyone has a different definition of what "well" is. As far as I am concerned, everyone on the first list I posted above is far beyond what I define as "well".
I agree with David. Multi million bonuses when they were being bailed out by taxpayer money in many cases. It is criminal.
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  #11  
Old 12-11-2014, 08:14 AM
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Far as I know, ford is not bankrupt nor in a bailout situation. If you want to start down that path then I agree with you, they should not be paid millions. However I don't see anything wrong with a CEO getting paid a nice hefty bonus for his or her leadership. I was in a position where I was very underpaid while the CEO got a 42 million dollar bonus. I got out of there to work for a better company, as anyone who is unhappy about that should.


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  #12  
Old 12-11-2014, 08:35 AM
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I'm curious who at Ford makes $15/hr?

I generally don't have an issue with successful companies compensating their executives well. When things are going into the $h!tter it is pretty hard to fathom. I suppose if the company is in a downward spiral and they bring in someone to turn things around, there's probably a number they can justify for the right person. Provided things turn around. To reward perennial failure is ridiculous.

I've got to generate a helluva lot more sales if my dream of 40x lowest paid employee compensation are to come to fruition!
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  #13  
Old 12-11-2014, 09:05 AM
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Quote:
Originally Posted by SwampYankee View Post
I've got to generate a helluva lot more sales if my dream of 40x lowest paid employee compensation are to come to fruition!
You're doing this whole greedy capitalist thing all wrong Swamp.

Clearly, the shortest path to achieving your 40x goal is to pay your lowest end employee less.
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  #14  
Old 12-11-2014, 09:16 AM
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Originally Posted by ramonajim View Post
You're doing this whole greedy capitalist thing all wrong Swamp.

Clearly, the shortest path to achieving your 40x goal is to pay your lowest end employee less.
Hmmm...good point. That was backwards on my part. Wonder if any will work for a couple bucks or less an hour?
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  #15  
Old 12-11-2014, 10:01 AM
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If business is up, the CEOs compensation goes up. CEOs are put in place to maximize profits and when they do so they are rewarded thusly. I agree severance packages for bankrupt companies is bs, but that is not the case with ford. This CEO has made some smart decisions (finally combining ford us and ford UK who up to this point had behaved as separate companies and shared little info between them) and profits are up. Good for him. When my business makes more money, I make more money. I don't really see the issue in this particular case.

As pointed out ford is neither bankrupt nor receiving government (tax payer) funds, they are just plain making money.


Edit I am wrong previous CEO Alan Mulally opened things up with ford UK. But the current CEO was with the company at the time and worked with Mulally on that project and was integral to fords turn around.

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Last edited by DieselPaul; 12-11-2014 at 10:25 AM.
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