GM CEO's $29M pay fuels outrage as autoworkers struggle

General Motors CEO Mary Barra made $29 million in 2022, 362 times more than the median GM employee.
UAW says automaker CEOs' pay has risen 40% in 4 years while workers' pay rose just 6%.
In 1965 CEOs made 20 times typical worker pay, but by 2021 it was 399 times more.
Average auto manufacturing wages dropped 20% in 20 years, while profits soared.
Autoworkers say pay disparity is unfair when they struggle, while CEOs enjoy luxury.

npr.org

Relevant topic timeline:

8/18/2023

Moderna CEO made $400M last year—2,435X the median salary of employees

Main topic: CEO compensation in the healthcare industry Key points: 1. CEOs of publicly traded healthcare companies earned $4 billion collectively in 2022, amidst high inflation. 2. Moderna's CEO, Stéphane Bancel, earned $398 million in 2022, surpassing other CEOs in the biotech and pharma sector. 3. Bancel's compensation was 2,435 times higher than the median salary of Moderna employees in 2022.

8/24/2023

CEOs of top 100 ‘low-wage’ US firms earn $601 for every $1 by worker, report finds

CEOs of the lowest-paying companies earned $601 for every $1 earned by the average worker, while investing in stock buybacks and enriching themselves and shareholders, according to a report from the Institute for Policy Studies.

9/30/2023

GM CEO Demands UAW Return to Bargaining as Strike Expands

General Motors CEO Mary Barra accuses UAW leadership of "theatrics" and urges them to come to the bargaining table for an agreement "now."