United Auto Workers (UAW)strikeContinuing, the bottom line is that the union demands a 40% pay increase compared to the CEOs of the three major automakers. However, the Associated Press analyzed that the pay of CEOs of automakers is actually not as high as the UAW has said. The main reason is the calculation method.
Automaker CEO pay has been rising for decades, but average workers’ pay has remained stagnant.
If calculated according to the UAW formula, pay for the CEOs of the three major automakers has increased by 40.1% since 2019, but the Associated Press compared the pay of the CEOs of the three major auto giants General Motors (GM), Ford Have analyzed. Fords) and Stellantis (Stelantis). Salary search is actually not as good as the UAW says.
The Associated Press reported that CEO pay calculations have always been complex, giving many of the benefitsstoreAs with option grants, a closer look reveals that the UAW underestimates many practical problems.
GM CEO Mary Barra is the only one of the three major automakers who has served as CEO since 2019, so she also has the highest salary. his salary last year waswelfareA total of about 28.98 million yuan, a large part of which came from stock profits (14.62 million yuan).
The Associated Press analyzed data from salary research company Equilar and reported that Barra increased his salary by 34% in 2019.
Ford CEO James Farley received nearly $21 million in compensation last year (of which $15.14 million was stock gains), a 21% increase from the $17.4 million then-CEO Jim Hackett received in 2019.
Stratis’ CEO pay is complicated as the company looks to acquire Latin American auto giant Fiat Chrysler Automobiles and France’s PSA Group in 2021 given the European and US auto industry environment. Separately, carmakers disclose CEO pay in different ways.
Stellantis CEO Carlos Tavares’ pay last year was 23.46 million euros (about US$25 million), 77% more than former Fiat CEO Mike Manley’s 13.28 million euros in 2019.
However, Stranis’ data reflects “realized compensation”, while Equilar uses “daily value” to calculate stock returns; Thus, Tavares’ salary last year was approximately 21.95 million euros, including three years’ salary. US$10.9 million in stock; It has been calculated that, by the way, Tavares’ wages are actually 24% less than Manly’s 2019 figure, which was calculated by Equilar as 29.04 million euros.
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