In a new video, the UAW shows the Big Three car companies made nearly $250 billion in profits over the last decade and can easily afford the union’s demands in upcoming contract negotiations.
UAW President Shawn Fain said: “The Big Three have collectively amassed so much money in North American profits over the last ten years, they could have bought every NBA team, every MLB team, and every NHL team, and they would still have 50 billion dollars left over.”
The video also highlights the bloated salaries Big Three CEOs paid themselves in 2022:
- GM CEO Mary Barra, $29 million
- Ford CEO Jim Farley, $21 million
- Stellantis CEO Carlos Tavares, $24 million
“Big Three executives have lavished themselves with fat salaries while auto workers continue to live paycheck-to-paycheck, and can’t even keep up with inflation,” UAW Vice President Rich Boyer said. “Remember that the next time you hear them say ‘we are family.’ We are not family.”
Big Three contracts are set to expire on September 14th.
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