Beautiful!
I wish they negotiated executive comp down while at it, these parasites been fuck up after fuck up.
this post was submitted on 21 Oct 2024
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Work Reform
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I'd love to see a federal cap as a percentage of minimum earner's wage. They have an overinflated self worth and are ruining the world with their greed and hubris.
Set executive pay to a multiple of median non managerial pay, with bonuses for the median out pacing inflation. With a quarter size bonus for profit increases.
Make it federal law for all publicly traded companies, and also require labor representation on the board of all publicly traded companies.
Just don't say any of that before an election, because you'll end up with less media coverage than Vermin Supreme.
Keep talking like that an daddy's regime will take you the farm, boy!
Never tried the numbers of all executive pay, but did it with American Airlines and their CEO. (This was back on reddit, not going digging there.)
tl;dr: If American payed their CEO $0 and spread the wealth, each employee would get a $.19 raise. Oh boy.
It's easy to point and say, "Oi! Why is that guy getting paid so much and me so little!" Executive pay amounts amounts to beans, but it's easy to understand and get upset about. Meanwhile, they have dozens of other tricks, stock buybacks come to mind, that siphon billions away from labor.
They get paid these big money to do stock buy backs and other crime against labour.
Compensation Committee is a check on their priorities that board wants executed
The more tricks a ceo whore do, the better the comp package.
The new offer would not restore a traditional pension plan — a key demand of the 33,000 striking workers — but it would increase the amount of contributions to 401(k) retirement plans that Boeing would match.
https://www.yahoo.com/news/huge-striking-boeing-workers-near-042024828.html
35% seems huge
The tentative agreement — which will have to receive a majority from union members before finalized — includes a 35% wage increase over four years of the contract, a larger signing bonus of $7,000, guaranteed minimum payouts in a new annual bonus program, and increased contributions to worker 401(k) retirement plans.
Even over 4 years it is big.
It's inflation plus 2%, nothing spectacular but still a solid win for the union.
Congratz to them!