Tuesday, December 16, 2008

GM exec makes more than the top 37 Toyota execs combined

We've been hearing about the UAW auto workers needing to take a pay cut to help out GM. The Republicans have laid a large share of the responsibility for GM's trouble at the feet of the UAW. And yet the difference between the hourly wage of the average GM auto worker's wage and the average Toyota (and Honda and Nissan for that matter) is negligible.

However, the combined wages of Toyota's top 37 executives is 121 million... or, to put it another way, the equivalent of the yearly salary of GM's CEO. One GM exec gets paid as much as 37 Toyota execs.

Clearly, the UAW and the GM autoworker is NOT the problem here...


1 comment:

lemuel said...

i think that's one of the reason why japanese automakers have already surpassed their american counterparts. plus i believe japanese cars concentrated more on economy and efficiency before luxury and looks. thanks