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CNN’s Tapper to Ford CEO Farley: You Have Given Yourself Huge Raises, Why Can’t Workers Share in the Profits?
Breitbart ^ | 09/14/2023 | Pam Key

Posted on 09/14/2023 6:20:48 PM PDT by ChicagoConservative27

Thursday on CNN’s “The Lead,” anchor Jake Tapper asked Ford CEO Jim Farley why, after CEOs got large raises, they can’t “share the profits” with the workers to avoid a strike.

Tapper said, “I just interviewed Shawn, the head of the UAW, the other day, and I wanted to pass on a question based on something he’d told me the other day, which is over the last four years, each of the big three car manufacturer CEOs in addition to their multi-million dollar salaries, they received on average a 40% pay increase. So why are the auto workers wanting a raise beyond what’s been asked, why is that so offensive compared to the 40% raises they have given themselves?

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: automotive; demagogicparty; farley; ford; jaketapper; jimfarley; labor; tapper; uaw; unions; workers
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To: redheadedshannon

Yep. There is nothing wrong with a CEO making good money, but if you aren’t paying your people enough, especially to keep up with inflation; that’s just wrong.


21 posted on 09/14/2023 7:29:48 PM PDT by vpintheak (There is no Trans. There is only mentally ill)
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The beauty of private unions is the ability to negotiate and likewise suffer in marketplace as a consequence of bad outcomes. On the other hand, the taxpayer cannot starve the voracious public unions regardless of outcomes.


22 posted on 09/14/2023 7:44:37 PM PDT by Gene Eric (Don't be a statist!)
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To: sopo

Not understanding your post. Who are you saying is wasting money on EV Ford 150s? The workers? Or the executives? If a company is somehow running a profit, I would like to think they would spread the money around from top to bottom , not just the Executive class. I don’t think things like that should be government mandated obviously, but I think companies that would take it upon themselves to be generous to all employees would show a better face for capitalism- instead of always corporate bonuses 🙄


23 posted on 09/14/2023 8:08:10 PM PDT by redheadedshannon
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To: ChicagoConservative27

If the executive suite gets a 40% raise, and workers get nothing more, management shouldn’t too be surprised at the workforce they get.


24 posted on 09/14/2023 8:08:14 PM PDT by DesertRhino (Dogs are called man's best friend. Moslems hate dogs. Add it up..)
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To: sopo

Ford autoworkers mark about 50-60 bucks an hour compensation. Not bad for wrenching 8 hours a day.


25 posted on 09/14/2023 9:15:56 PM PDT by hinckley buzzard ( Resist the narrative.)
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To: Wdempsey
Ford execs unbelievably stupid for sucking up to Bidenzombies by building electric cars.

I wouldn't say stupid. They know the plan. So they are preparing for a future without ICE vehicles.

26 posted on 09/14/2023 9:18:11 PM PDT by MinorityRepublican
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To: ridesthemiles

Why don’t the workers ask why the heads of the Unions make so much?


27 posted on 09/14/2023 9:18:47 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: MinorityRepublican

Goverment and Big Business are now one and the same.

It’s called “Fascism”.


28 posted on 09/14/2023 9:19:45 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: sopo
Why on Earth aren’t they improving the salaries of their workers- especially given inflation

Arbitrarily paying higher salaries in an inflationary economy will only make inflation worse.

29 posted on 09/14/2023 9:24:40 PM PDT by Drew68 (Ron DeSantis for President. A conservative who fights and wins..)
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To: ChicagoConservative27

Maybe the failed EV market is pushing Ford to bankruptcy. Giving the workers more money would be the tipping point.


30 posted on 09/14/2023 9:51:58 PM PDT by jonrick46 (Leftniks chase illusions of motherships at the end of the pier.)
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To: Drew68
"Arbitrarily paying higher salaries in an inflationary economy will only make inflation worse."

Spot on! It's not for the lack of generosity to the workers. It is a practical matter where the increase in wages drives up inflation for the local economy. Such inflation creates a demand for even more money. The overall increased cost of goods and services has a circular effect on the wage increase; eventually, as goods and services in the market overall increase, higher wages will be needed to compensate for the increased prices of consumer goods.

31 posted on 09/14/2023 10:10:49 PM PDT by jonrick46 (Leftniks chase illusions of motherships at the end of the pier.)
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To: All; DesertRhino

In a non-typical move Breitbart is taking the side of the UAW...(2008 concessions, Govt. Motors CEO huge raise, etc. etc.):

https://www.breitbart.com/economy/2023/09/14/breitbart-business-digest-the-uaw-is-fighting-bidenomics-and-bidenflation/


32 posted on 09/14/2023 10:25:10 PM PDT by Drago
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To: ChicagoConservative27

I read the UAW goons want a massive pay increase AND to be paid 40 hours a week but only have to work 32. Screw em. They are all crooks. Let them all crash and burn and go to the dustbin of history where they belong. “The Big Three” have been milking the taxpayers and the UAW is a marxist corrupt mafia.


33 posted on 09/14/2023 11:06:12 PM PDT by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: ChicagoConservative27

Instead of paying one CEO $50 million, give one million workers fifty dollars each!


34 posted on 09/14/2023 11:36:55 PM PDT by PghBaldy (12/14/12 - 930am -rampage begins... 12/15/12 - 1030am - Obama team scouts photo-op locations.)
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To: ChicagoConservative27

Instead of paying one CEO $50 million, give one million workers fifty dollars each!


35 posted on 09/14/2023 11:36:55 PM PDT by PghBaldy (12/14/12 - 930am -rampage begins... 12/15/12 - 1030am - Obama team scouts photo-op locations.)
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To: ChicagoConservative27

I am all for capitalism but there are plenty of so called capitalists who do everything they can to keep most for themselves.

For capitalism to work, owners must have a personal ethic founded in christianity. Otherwise, it is no different those other -isms that exploit people.


36 posted on 09/15/2023 1:56:22 AM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: ridesthemiles

I was only asked to join a union once in my life and it was a summertime job. I said no. I still worked at the place, was paid 25 cents less an hour then the union stooges and they all knew I was not union so you can guess how they treated me.


37 posted on 09/15/2023 2:00:50 AM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: ChicagoConservative27

Of course, the best answer would have been, “Because, Jake, the United States of America is not a communist country.
Why did Lenin die a rich man?
Why did Stalin have Leon Trotsky hacked to death for asking about the poverty-wages of the Russian workers?
How much of your contract do you spread around here?”


38 posted on 09/15/2023 2:42:37 AM PDT by Cletus.D.Yokel (Cracker...)
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To: MinorityRepublican

What future?


39 posted on 09/15/2023 3:44:16 AM PDT by Wdempsey (Democrats and slinkys.. Both useless but fun to push down stairs.)
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To: ChicagoConservative27

So are we to believe these union workers aren’t being compensated adequately already. Typical union extortion. His pay and the pay of workers arent linked to any kind of agreement. Union made a deal and he made a deal.


40 posted on 09/15/2023 4:18:53 AM PDT by MrRelevant
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