TO THE EDITOR:
After I listen the calls for of the UAW in its negotiations with the Detroit 3 (“UAW to seek more than 40% wage gains from Detroit 3, sources say,” autonews.com, Aug. 3), it makes me miracle if Mr. Fain has any reminiscence of the automobile bankruptcies nearly 15 years in the past. It seems like he desires to all set the firms on a trail of an incredible fixed- and legacy-cost burden that may bury an organization once cash in margins go to pot and ship them again to these days.
Mr. Fain acts like UAW contributors have now not shared within the successful occasions of the Detroit 3. UAW contributors have gained traditionally prime profit-sharing exams.
Mr. Fain is looking for a 40 % hike in pay for his UAW brethren as a result of he says CEO pay has long past up 40 %. Has CEO “pay” long past up or has CEO “compensation” long past up? There’s a large remaining. A bit of CEO reimbursement is store choices that modify in price from while to while and has to vest over a number of years. Would the UAW believe a package deal for his or her club that hinges at the corporate’s efficiency?
This may well be extra preferable than being caught with a load of constant prices.
MITCH MITCHELL, Govt director, Chrysler Minority Sellers Affiliation, Troy, Mich.
