It probably will bankrupt him. But only because he built his business on the basis of exploiting employees. He won't make money if he doesn't do that. Which of course means he shouldn't be in business.
He is only CEO. Ford going to zero will only sting, it cannot bankrupt him.
Your point remains.
It's always one of the two with this companies, it's either "we're making millions" or "we're going under" there's no inbetween.
Often both at the same time!
"Great job team! We've increased our profits more than ever before! Now we need your help more than ever to increase profits even further. Unfortunately we cannot afford to pay our employees more, because of the great investmemts we need to make to keep increasing our profits!"
The beauty of Hollywood accounting spreading to other industries. Ford Motor Company sells their cars for an on book loss after sales incentives like sub-prime financing through Ford Credit. Ford Credit then makes a profit due to interest payments thus wiping out the loss on the vehicle sale.
Looks like we found one job that should be automated by AI to save Ford 21 million dollars a year.
lol careful. you thought a CEO was heartless, just wait until we put an AI in charge with the ‘goal’ set as profit.
CEOs need to take pay cuts. They earn too much and don't provide enough value for their pay.
The rise in CEO wages is actually unbelievably ridiculous:
For context, this research paper was also pre-pandemic.
On average, CEO salaries jumped about 30% since this research was released. Here is an updated article by the EPI EPI Research
Also for context - on 1965, average CEO-to-worker salary ratio was 20:1, and in 1985 it was 59:1.
Not it's almost 400:1.
I thought he looked a lot like Chris Farley!
Tommy Boy is literally based on this loser fucking prick.
Source: Jim Farley
Here's a little FYI for ya. Tropic Thunder is based on my experiences in Vietnam.
Just broke my brain a little bit, that crazy!
Holy shit, they're cousins!?
Read "Bullshit Jobs" by David Graeber guys. It's really worth it!
Well yeah? If his workers make 66k how is he going to make 23 mil this year?
Is this Guy related to Chris Farley? I definitely see some resemblance.
Yeah they're cousins.
Holy schnikies!
Total revolution needed. Workers that do the real thing barely can feed their mouth, while those useless management ceo got huge cut
Laughs in 20k a year.
Hope the cost of living helps offset that.. what company has been stealing your labor from you?
Big Lots, worst pay to effort ratio of anywhere I've ever worked. Working harder than I ever have for less than I ever have until I find something else.
That sucks smelly ass, sorry to hear that, maybe try and organize once you have another job lined up? I'll never forget working the morning shift at hardes, literally the most stressful job I have ever had, for the least pay I have ever made. I got a job at a factory and made twice the salary, but did a quarter of the work, and I had to hear the people I work with denigrate fastfood workers wanting to raise the minimum wage to $10 an hour, cause they thought they worked so much harder and only made $12 an hour. They pit us against eachother while eating caviar from fishes that are going extinct because they are actively poisoning every aspect of our society and our world simultaneously and living in opulence that make the Kings of old look modest. Shits gotta give...
No one should earn that kind of money period.
How could you be so heartless? How is he supposed to afford his second super yacht?
Companies should just do a rotational CEO from their pool of workers and give the position a nice 20% salary bump for the term of the position.
