capitalism

Out of context: Reply #1251

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  • utopian0

    General Motors and Ford Paid Average Combined Tax Rate of Just 1 Percent on $42B in Profits.

    Meanwhile In 2021
    • GM CEO Mary Barra made over $29 million
    • Ford CEO James Farley made almost $23 million
    • Stellantis CEO Carlos Tavares made about $21 million

    On top of the $652 million in executive salaries, GM and Ford paid the members of their corporate board of directors $51
    million over those five years...corporate board members as a whole work an average of 248 hours annually - meaning the total 27 board members of the two firms were each compensated at roughly $1,860 per hour in 2022 alone.

    https://truthout.org/articles/gm…

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    • yeah but all those execs will keep even more of it once these workers are replaced by machines and AI._niko
    • Aaaand, automotive industry gets lots of millions from taxes in EU, f***ers! (I'm going to hug my bikes)OBBTKN
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