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Journalist asks GM CEO Mary Barra about $29 million paycheck after UAW strike — On average, the Detroit Three's CEOs are making 40 percent more today than they did four years ago (www.carscoops.com)

submitted 1 year ago by L4s@lemmy.world to c/technology@lemmy.world

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Journalist asks GM CEO Mary Barra about $29 million paycheck after UAW strike — On average, the Detroit Three's CEOs are making 40 percent more today than they did four years ago::On average, the Detroit Three's CEOs are making 40 percent more today than they did four years ago

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[–] mycatiskai@lemmy.one 4 points 1 year ago (1 children)

You and the person that you replied to are both wrong. Her pay is based not on company performance, it is based on how much she can game the stock market by spending capital on stock buybacks to inflate the price and get compensation via her stock options.

Rules were put in place to tax CEO incomes and suddenly CEOs didn't get paid in taxable income anymore, instead they get paid in stock options.

[–] gravitas_deficiency@sh.itjust.works 7 points 1 year ago

Yeah stock buybacks definitely need to be made illegal again.