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This year, Wagoner will pull down a salary of $2.2 million, in addition to other CEO perks. And last year, Wagoner's total compensation was $14.4 million. That works out to $39,452.05 per day, including weekends. (Note that in 2007, GM lost a staggering $38.7 billion).....
For example, the estimated pay of Toyota's CEO in 2005 was under $1 million.
CEO of GM makes 14 times What CEO of toyota makes.. but we are to be outrraged the employees get double what toyota employees make.
Seeded on Wed Nov 19, 2008 12:50 PM EST
Article Source: beggarscanbechoosers.com- Enjoy this article? Help vote it up the 'Vine.
- Public Discussion (6)
You hear a lot of talk especially from the right.. i was the greed of the workers and the unions that killed gm.
But if the ceo is making 14 times what the ceo of Toyota makes.. shouldn't their employees make more as well?
perhaps if the ceo made less.. the company would have a stronger position against the unions.
the guy got paid 14 million when his company lost 38 billion. I mean come on this is sick
- 2 votes
#1 - Wed Nov 19, 2008 1:06 PM ESTProblems solve take one month of the CEO to paid their debt, this CEO should know he have not earn his pay. How can you be pay this much when you are driving the company into the ground
- 1 vote
#2 - Wed Nov 19, 2008 2:47 PM ESTonce turkeys like Bill Gates started making money by the Billions, all the other CEO's started thinking they had to make much more, Microsoft's stuff ( full of virus-prone problems) isn't any better than GM or Ford - barely marginal quality with ridiculous prices. They think you should have to pay every 2-3 years for a word processor that is no improvement over the old version, just different. Actually my GM car gets good gas mileage ( 27 in town) and is 18 years old, but it is an exception ( quad 4 in a medium size car) .
#3 - Sat Nov 22, 2008 9:42 PM ESTAccording to 2008 data from Forbes, Ford's Mulally ranks 153rd in US CEO pay with $12 million.
Wagoner Jr. of GM ranks 433rd with $2.05 million.
On the other hand, there is no Annual Compensation data, no Stock Options data and no Total Compensation data available for Toyota's Katsuaki Watanabe. Therefore, anyone attempting to compare the salaries is doing so on conjecture and/or using defective data.
#4 - Tue Dec 23, 2008 8:07 AM ESTAccording to 2008 data from Forbes, Ford's Mulally ranks 153rd in US CEO pay with $12 million.
Wagoner Jr. of GM ranks 433rd with $2.05 million.
On the other hand, there is no Annual Compensation data, no Stock Options data and no Total Compensation data available for Toyota's Katsuaki Watanabe. Therefore, anyone attempting to compare the salaries is doing so on conjecture and/or using defective data.
#5 - Tue Dec 23, 2008 8:09 AM EST re:
>>>On the other hand, there is no Annual Compensation data, no Stock Options data and no >>>Total Compensation data available for Toyota's Katsuaki Watanabe
There is now. Japan CEO salary info is now public record. Toyota's CEO makes around one million dollars/salary per year, with no stock options. In fact, in all of corporate Japan, there are only a tiny handful of CEOs who make more than $1 million. And stock options are very rare.
Toyota's CEO has made around $1 million a year during an era in which Toyota leapfrogged GM to become the world's biggest automaker. Toyota is also well-positioned for the future, as it leads in numerous high-tech industries that will be crucial for any automaker in the coming years (hybrid technology, for one).
Meanwhile, GM's CEOs have made anywhere from $30 to $50 million a year during the past decade: an era in which GM lost billions of dollars. U.S. taxpayers have been forced to pay that massive bill.
Last, but not least, Toyota's workers make some of the highest wages of any manufacturing workforce in the world. Not only does Toyota not do layoffs, but they pay their workers wages that are actually higher than Detroit's workers earn. Japan, in fact, is no low-wage nation. One rarely hears about this in the U.S. media, though, because it would raise troubling questions about U.S. style capitalism.
No, we can't allow the U.S. workers to be educated. Now go back to watching "American Idol."
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