GM Made 8.1 billion in profit

[Bettie]

CEO paid 22 million.

So much for the health insurance the union bargained for. If we had universal health care, maybe they could bargain for better wages, retirement benefits, or something else.

http://labor411.org/411-blog/gm-which-made-8-1-billion-in-profit-and-paid-its-ceo-22-million-just-cancelled-health-benefits-for-50000-workers/?fbclid=IwAR0M_YIF8O3myz1qn-k1U6neHZf-ScmlMmYXE8a3B-J_eSl2JNZ0fsdJRXE

https://www.wxyz.com/news/gm-says-health-coverage-available-for-uaw-workers-but-wont-be-paid-for-by-company

[Takket]

1. GM has 173000 employees

so for 865 million they could give everyone a $5000 a year raise and this strike would be over and they profit 7.2 billion instead of 8.1.

and it isn't even like the 173000 are all UAW......... so it wouldn't even cost them that much a year.

[Massacure]

3. And in 2017, GM lost $3.9 billion

In one of the articles posted yesterday, one of the sticking points was that GM's offer included an expanded profit sharing program but the union wanted increases to their base wages. GM's management is probably being prudent in being conservative with base wage increases, and the union is probably being prudent knowing that they'll get shafted if GM has another year like 2017.

[safeinOhio]

2. In the last 4 years

GM has spent over $10 billion buying back its own stock. This raises the stock price. GM brass are large share holders and receive a large amount of compensation in stock options.

[CDerekGo]

4. And no one has mentioned

Exactly what the GM Brass received in annual compensation for the past few years. Love to see those numbers.