If they had cut Level 8 &9 bonus to 13%, eliminated company vehicles for Level 8, cut L7 bonus from 13 to 10%, all in Jan. 2018, it would equal approximately 4,000 salaried jobs.
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You think the present methods do not cause all the talented people to jump ship (or avoid the company)??
Hire smart people and be trustworthy and reliable. Instead of what has been failing for 50 yrs.
And this boys and girls is how you don't run a business.
Instead of having 4000 people upset because they lost their jobs, you cut everyone's salary and bonus and have 10's of thousands of people upset because they lost perks/salary which then gets all the talented people jumping ship to other/better opportunities. So after you cut salaries/bonuses/perks across the board and all your good talent goes elsewhere, what are you left with? Exactly - the people that nobody else wanted.
Yeah - that sounds like a great way of running a business.
Mary Barra is Warren Buffets GOLDEN GIRL........ 22 mill a year ya baby
The company vehicle perk is way overdue for a revamp. I heard it does not have that large of a cost BUT as morale seems to be a moot point, cut thus perk and save more. Or do it as a subsiduzed lease using the dealer network as a point place.
But if they cut Mary's salary, we'd have to call it s-xism, therefore GM pays her handsomely so they can sit on their pedestal as an equal opportunity employer. Although it's grossly unequal, except in the opposite direction, so nobody cares.
There is an actual formula for salary bonuses. Union people could not understand it and are too busy drinking and smoking to read it anyway.
Company vehicles are long overdue for elimination. Surprised they haven't yet been cut as part of this.
Salary bonuses need to be in line with union profit sharing. Union payout follows an actual formula. Salary bonuses are whatever they say they want them to be.
if they cut your salary in half, they could save a job too.
Well, black leather jackets aren't cheap!
And if Mary, who makes $22 million, made what the CEO of Toyota makes, $1.86 million...
And Toyota is a larger, more profitable, and better run company. That makes vehicles that always rank at the top of quality and reliability lists.