'The CEOs gave themselves 40% pay increases in the last four years alone,' United Auto Workers president Shawn Fain said from the picket line. 'And they want to call us greedy.'
Last year, the CEOs of the Big Three automakers received staggering pay packages, fueling workers' ongoing push for better wages and benefits. Ford's Jim Farley took home around $21 million, Stellantis' Carlos Tavares pocketed nearly $25 million, and General Motors' Mary Barra—the highest-paid of the group—brought in roughly $29 million.
The gap was even larger at General Motors, where Barra was paid 362 times more than the automaker's median employee in 2022.interview on Friday, Barra insisted it is fair that General Motors is only offering its workers a 20% pay increase over the course of a four-year contract after she got a 34% compensation boost over the past four years.
"UAW members see the CEO pay disparity as a measurement of how they are undervalued," said Weaver. "Skyrocketing CEO pay is linked to worker dissatisfaction and lower profits, making excessive pay a distinct material risk that shareholders must take seriously." Progressive lawmakers who have expressed solidarity with the UAW's fight for a fair contract have also condemned runaway executive compensation and declining worker wages.
"The Big Three auto companies have already raked in $20 billion in profits this year. Their CEOs make millions. They can afford to pay their employees a living wage," Rep.
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