just another company I won't do business with, the list is getting pretty long at this point.
What they pay the ceo is not our business
If the board, company didn’t like it wouldn’t happen
Sounds like the union just got put in there place
Along with the unions fighting advancing technology that would reduce manpower requirements but produce a better and more consistent product.
That is the exact reason the steel industry left the USA.
The board never disagrees with CEO salaries and perks, because they are inline to reap those potentially.
And what they pay unions isn’t either.
A CEOs primary responsibility is value to shareholders / stakeholders. I'm guessing many, if not most, of us with a 401(k), IRAs, etc. have some stake in Deere. I want the CEOs of companies that I have investments with to maximize profitability and return on my investment. If that means reducing labor costs by sending jobs to another country then so be it. Pay rates in the US should be competitively based. Unions disrupt the competition in pay / benefit rates.
I know how it works,
A company that large needs a front man,
He is it, he gets paid for his value not only the job he does. Looks like he is definitely maximizing profits.
If you can do better than jump on it
I agree.
The only salary’s we should worry about is our own and what WE allow the government that pays themselves
That’s not true. I’m on 3 different boards, I object all the time. There is no reason other than greed to give ourselves a raise if it’s not needed.
We put that money back into the companies and when time we give ourselves a raise.
