Je
ziet pas goed waar aandeelhouders voor staan als het gaat om het
ontslaan van arbeiders, de aandelenkoers van een bepaald bedrijf waar
men flink snijdt in het aantal banen, gaan als een speer de lucht
in…….

De
CEO van General Motors (GM), Mary Barra, heeft 15.000 banen geschrapt,
waarbij uiteraard een groot aantal arbeiders op straat komt te staan
en er 5 fabrieken in Noord-Amerika worden gesloten, terwijl de fabrieken in Mexico en China ongemoeid blijven…..

Alsof
Barra prestaties van niveau heeft neergezet, werd ze in 2017 beloond
met het meer dan achterlijk hoge inkomen van 22 miljoen dollar……
Reken maar gerust dat Barra, ondanks haar belachelijk hoge salaris,
zal worden beloond voor het schrappen van banen en fabrieken….

Dat
de koers van GM na dit nieuws niet fiks de hoogte inging, heeft van
alles te maken met de ‘niet zo florissante positie’ van GM.

Lees
het volgende artikel van J.T. Crowe waarin veel kritiek is te lezen
op GM, dat eerder met staatssteun op de been moest worden gehouden
(tja, soms heeft Trump gelijk)

Appalling:
General Motors CEO Collects $22 Million Salary While Cutting 15,000
Jobs

Posted
by JT
Crowe | Dec
7, 2018 | News

General
Motors CEO Mary Barra might be the most unpopular CEO in the United
States right now after GM announced it is slashing
up to 15,000 jobs and
closing up to five plants in North America.

Barra
has been shredded from all sides for the decision, including from
President Donald Trump.

(hare kwaadaardigheid Mary Barra)

“Very
disappointed with General Motors and their CEO, Mary Barra, for
closing plants in Ohio, Michigan and Maryland. Nothing being closed
in Mexico & China. The U.S. saved General Motors, and this is the
THANKS we get! We are now looking at cutting all @GMsubsidies,
including… for electric cars. General Motors made a big China bet
years ago when they built plants there (and in Mexico) – don’t
think that bet is going to pay off. I am here to protect America’s
Workers!”

On
Tuesday, West Virginia Democrat Richard Ojeda, who is considering a
presidential run in 2020, blasted Barra on Twitter for her $22
million salary, a number that was confirmed
by Politifact.
Barra’s salary is in fact 295 times higher than the average GM
salaried worker’s $74,000.

“At
General Motors, CEO Mary Barra ‘took home almost 22 MILLION DOLLARS
last year alone (295x your company’s average employee).” he
tweeted.

He
then slammed Barra and GM in another tweet, lambasting the company
and its CEO for their corporate greed for cutting jobs and closing
plants after receiving a bailout and tax breaks that kept the company
afloat during the Great Recession.

(Let op: bij het volgende Twitterbericht hoort een video van bijna 2 minuten, die ik helaas niet kan overnemen, hier de link naar het origineel op Money & Markets)

Richard N. Ojeda, II

✔@VoteOjeda2020

I’m in Detroit at General Motors HQ.

We bailed you out.

We gave you tax breaks.

Your workers are the reason your CEO took home almost 22 MILLION DOLLARS last year alone (295x your company’s average employee).

And this is how you repay them? #CorporateGreed

3,477

9:11 PM – Nov 27, 2018

While
mourners gathered at the Washington National Cathedral to pay their
respects to President George H.W. Bush on Wednesday, Barra met with
members of Congress whose constituencies will be most impacted by the
layoffs and plant closings.

GM
surpassed Ford in 1927 to become the world’s largest automaker and
the company soared for decades. Things began to slow in the 1980s and
1990s before falling apart during the great recession that began in
2008.

GM
abandoned four of its North American brands in exchange for a federal
bailout, and in that bailout is where much of the bad blood toward
Barra and GM now resides.

Per Ozy:

Now,
after a resurgent decade, GM again finds itself in a precarious
position, and so does Barra. GM “has to be the most thoroughly
disliked company in Washington right now,” Rep. Debbie Dingell, a
Michigan Democrat, told CNN. In the past week, Barra has been
publicly scolded by President Donald Trump and now privately
confronted by congressional delegations from each of the three states
where the plants targeted for closure are located — Michigan, Ohio
and Maryland. GM’s shake-up is the result of a variety of factors,
including the massive market shift from sedans to sport utility
vehicles, not to mention the tariffs on imported steel imposed by the
Trump administration earlier this year, which GM claims have cost it
around $1 billion.

The
56-year-old Barra, who Forbes recently ranked as the fifth
most powerful woman in the world, has faced such fire before. Just
days into her new job as GM’s CEO in January 2014, a crisis
involving an ignition switch malfunction in older vehicles resulting
in 124 deaths threatened to upend the company’s post-bailout
success, and Barra was called to publicly testify before Congress on
the matter. But the stark remarks that Barra, a GM lifer who earned a
Stanford MBA on a GM fellowship and spent 33 years with the company
before becoming its CEO, made at an internal town hall meeting at the
time were perhaps more significant. “I never want to put this
behind us,” she told her company. “I want to put this painful
experience permanently in our collective memories.”

The
Michigan native’s subsequent bold actions matched her words as she
used the crisis as an opportunity to fire underperforming executives,
redirect the company’s culture and streamline a bloated
organization the way she had once reduced a 10-page dress code policy
as the company’s head of HR to two words: “Dress appropriately.”

“Mary
is as strong as they come,” the legendary investor Warren Buffett
once observed of Barra. “She is as good as I’ve seen.”

Barra,
the first female CEO at a major automaker, has continued to act
decisively to run a smaller, more profitable company, even when that
has meant closing GM’s struggling European operation, abandoning
markets in places like South Africa and Russia, and selling its
Germany subsidiary Opel-Vauxhall. She has also steered the company in
some risky but promising directions, from the $1 billion purchase of
Cruise Automation in 2016 to help the company cement its position in
the autonomous driving market to the recent narrowing
of its manufacturing to SUVs and trucks. “The reality is that in
the sedan market, the Camrys and the Accords and the Civics of the
world have dominated that space forever,” says Kelley Blue Book
executive analyst Akshay Anand. “And that was not something that
was going to change overnight.”

Such
moves, however, can require some ruthlessness. The recent layoffs
blindsided many workers — right before the Thanksgiving holiday.
“These were very difficult decisions,” Barra said in a statement
released Wednesday after meeting with members of Congress, where she
claimed that many hourly employees at the impacted U.S. plants would
have the chance to work at other GM plants. Still, as GM employees
brace for the future after the company endures yet another
cataclysmic event, this particular “painful experience” may be
one that Barra and remaining GM employees want to put behind them and
not commit to their “collective memories.”

================================

Zie ook: ‘GM CEO verdient 22 miljoen dollar voor het sluiten van fabrieken en het ontslaan van arbeiders‘