If you haven’t watched the YouTube clip of Shawn Fain ripping into the big 3 CEO’s and the investors I highly recommend taking out 30 min to watch it. That guy is the real deal and a TRUE leader that don’t take any sh-t!
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@1ibe It's pointless to say his salary is only 400k, true or not. His bonuses and all of the stock market BS are paid for using UP revenue, which ends up as a paycheck for him. You can't make 15 million and force people to believe your total pay was only a couple hundred grand. Plus it doesn't help when social media and news outlets call out the CEO's for the pay gaps.
I’d like to see everything the shareholders take from UP counted as an EXPENSE. Borrowing money to buy back stock from the shareholders thats an expense. Giving shareholders dividends instead of repairing / replacing defect equip thats an expense. Making employees do more work to give shareholders more money at the EXPENSE of the employees health and well being. Remember the shareholders dont do any work here, they gave some money in exchange for a stock, then they want to be able to sell that stock for more money. They performed no service for their gains. If they insist on not working in exchange for monetary gain do what the rest of the gamblers do, take your small amount of money aka your “investment” go to vegas, let your luck be your provider. Quit being a parasite upon those who actually work, those profits are what we created.
The CEO pay has been brought up so many times over the past 4 decades that it's kind of a pointless argument now. It never changes and their pay only seems to increase every year. The UAW president is absolutely correct in every thing he's said so far. Employee pay is the single biggest expense of most if not all corporations. The employees is what makes up a corporation though. The UP's biggest expense is what gave the UP an annual revenue of around 22 billion dollars in 2022. Look up all the executives pay and find out what the total payout for them was. Vena's pay alone is 15 million, give or take a few dollars. Ok 15 million to do what exactly? I'll bet the total executive payout annually is a couple hundred million dollars, or at least over a hundred million. Was that included in Vena's statement about employees being expensive, or was that just directed at the regular employees? These executives makes millions of dollars doing stupid sh1t, and then can't figure out why the employees hate the company. The Ford CEO I guess makes around 22 million a year. Ok again for what? Those executives aren't the ones on the assembly line assembling the vehicles. What's the payout for that executive team? I've seen the quality of some of these newer vehicles, and I'm really not impressed at all. Look at what the executive team did to Anheuser-Busch. That executive team made hundreds of milion of dollars in pay and bonuses. All it took was one bad decision by the executives catering to social groups to ruin not just their careers, but the ones who had no say so in it. So if Vena wants to keep catering to the shareholders, then he better wake the F--- up and realize that it's the employees the give him that job. He's responsible for everything that happens at the UP now, and he'll have to answer for the problems that are most likely coming for him. Quit pushing around your employees Vena, or the employees WILL start pushing back!
I wish the unions at the railroad cared enough to enforce the contracts and properly represent the dues paying members. The swamp in Cleveland needs to be drained just like the executives and board of directions. A lot of them play golf together and play grab @$$ with during meetings with labor relations. Meanwhile, how much are your dues?
Its always the employees and their wages fault when a CEO comments about rising costs for business or when the news networks comment on inflation. Vena mentioned it several times in his d-mb email two days ago. He basically said employees are expensive. What about executive level pay, what about the large amount of money for stock buybacks? Employees make the company run. Without Vena and Beth, this business would still run. People know their jobs; they can make the trains move, repair locomotives, repair railcars, repair track, repair signal issues, update software, call crews, respond to emergencies, provide payroll, offer legal counsel, etc. We do not need sponges like Vena or Beth soaking the profits and treating the company funds like their own piggy bank. Without them the company still runs. Who cares about their "vision" ? When it comes to moving freight "this is how we win" does not include you and me. Its how they win; its how they rip off the customers and how they sc--w the employees. Thats how "we" meaning "them" wins. Most of us do not know if we are still included in the "we" of all of this. "We" might be out of a job tomorrow while Jim and Beth run this place into the ground. Whether you are for or against unions, Shawn Fain is spot on when it comes to corporate greed.
UAW brought up a great point about CEO pay skyrocketing. I am nervous of a conspiracy to use this strike as a further blow in ICE and to try and force the market further towards elec cars. I wish my union would develop an app to put on our phones that we would just click on it to report contract violations. Then the union investigate and enforce the contract upon managers instead of the needlessly antiquated way it is currently to report a contract deviation.
Stupid auto correct. Was suppose to say “now that’s a real leader” sorry