This nuts
Totally agree. Especially when the execs in the boardroom have taken massive pay cuts.
GM CEO Mary Barra’s total compensation for the 2022 calendar year was $34,106,824, down from $62,260,812 in 2021.
And the Big 3 execs are basically barely scraping by as far as auto industry execs go. Lucid Group CEO Peter Rawlinson was ranked second on the list with a total compensation of $379,029,183, more than eleven times the compensation of GM CEO Mary Barra. Lucid produces high-end electric vehicles. At the top of the list was Nvidia CEO Jensen Huang, who reportedly received $506,343,201 in compensation for 2022. Nvidia designs and supplies computer chips for use in automotive applications.
So as you can see, the auto industry is really suffering and there’s no way they can be handing out cash like the UAW demands.