As the new NAFTA comes into effect, - Page 2

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Thread: As the new NAFTA comes into effect,

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    Re: As the new NAFTA comes into effect,

    Quote Originally Posted by InCogKneeToe View Post
    This bothers me tough. If Ford can build their best selling, most profitable F Series with UAW labor's wages, Why does Ram and some GM's use Mexican wages to produce similar products? Where does the left over savings go? Balance Sheets don't show that they are used wisely. Most any Profits, go to the Heads CEO/CFO and such, for doing what?

    Henry Ford's philosophy of "Pay the Worker so they can afford your Product" comes to mind.

    It is only a matter of time, that Mexico become as Solvent a Country as Canada and the US. Either by Gaining ground or Canada/US losing ground. Global Economy is just that, "Global". No one should decide their Wage should be $20 mil this year, even when what they achieved was less than Stellar. While fighting to keep their Employees wages down. The Heads, are a part of a Companies Structure, but they are nothing without the Foundation.
    Nonsense. Excess profits go to stock value and dividends. Do the CEO/CFO get heightened bonus? Yeah, probably but to claim that all the excess profits go into their pocket is ludicrous.
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    Re: As the new NAFTA comes into effect,

    Explain Mother Mary's Income.

    GM CEO Barra was highest-paid Detroit 3 auto exec in 2019

    Kalea Hall, The Detroit NewsPublished 4:22 p.m. ET April 27, 2020 | Updated 6:19 p.m. ET April 27, 2020


    Detroit — General Motors Co. CEO Mary Barra received $21.6 million in compensation last year making her the highest-paid executive among the Detroit Three automakers.

    Barra's 2019 compensation was slightly below the $21.87 million she made in 2018, according to a Securities and Exchange Commission filing released Monday.

    Ford Motor Co. CEO Jim Hackett in 2019 received $17.36 million in total compensation. Fiat Chrysler Automobiles NV CEO Mike Manley in 2019 received $12.46 million (11.45 million euros) in compensation for his first full year leading the Italian American automaker.
    VS GM as a whole

    General Motors annual/quarterly revenue history and growth rate from 2009 to 2020. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. •General Motors revenue for the quarter ending March 31, 2020 was $32.709B, a 6.22% decline year-over-year.
    •General Motors revenue for the twelve months ending March 31, 2020 was $135.068B, a 7.38% decline year-over-year.
    •General Motors annual revenue for 2019 was $137.237B, a 6.67% decline from 2018.
    •General Motors annual revenue for 2018 was $147.049B, a 1% increase from 2017.
    •General Motors annual revenue for 2017 was $145.588B, a 2.41% decline from 2016.
    So it is not Marital, It is not Performance Based, it is not a Set Figure Annually, It is beyond Normal Realm of Gross Incomes even to them. (CEO's taking Cooperate Jets to Bail Out Hearings)

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    Re: As the new NAFTA comes into effect,

    Quote Originally Posted by InCogKneeToe View Post
    Explain Mother Mary's Income.



    VS GM as a whole



    So it is not Marital, It is not Performance Based, it is not a Set Figure Annually, It is beyond Normal Realm of Gross Incomes even to them. (CEO's taking Cooperate Jets to Bail Out Hearings)
    How on earth do they get buy on such pittances? I vote we start a Go Fund Me to hlep them out!
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    Re: As the new NAFTA comes into effect,

    Quote Originally Posted by InCogKneeToe View Post
    Explain Mother Mary's Income.

    VS GM as a whole

    So it is not Marital, It is not Performance Based, it is not a Set Figure Annually, It is beyond Normal Realm of Gross Incomes even to them. (CEO's taking Cooperate Jets to Bail Out Hearings)
    "Barra's 2019 pay package included a base salary of $2.1 million, stock awards worth $12.14 million, options worth more than $3.5 million and a performance award worth $2.73 million, according to the proxy. Her salary remained unchanged from 2018, while performance award was 38.7% lower from 2018."

    Most of her salary comes as stock. Anybody can buy stock and get a piece of the company and therefore a piece of the profits. That's why it's called a publicly owned company. She has no power to take actual profits and put them "into her pockets". That would be called theft and she could go to jail. The Board of Directors approve what she takes home every year, but it's 100% documented prior to each year so that she knows what she needs to do to get paid.
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    Re: As the new NAFTA comes into effect,

    Quote Originally Posted by TruckMan View Post

    Most of her salary comes as stock. Anybody can buy stock and get a piece of the company and therefore a piece of the profits. That's why it's called a publicly owned company. She has no power to take actual profits and put them "into her pockets". That would be called theft and she could go to jail. The Board of Directors approve what she takes home every year, but it's 100% documented prior to each year so that she knows what she needs to do to get paid.
    Yes they Can. But also

    GM stock falls below $1
    Automaker slides to 75 cents as investors brace for expected bankruptcy https://money.cnn.com/2009/05/29/new...tm?postversion
    Not Mary's Fault, But Rick didn't fair that bad.

    General Motors CEO Rick Wagoner's 2008 compensation valued at $14.9 million filing.https://www.mlive.com/business/2009/...tion_valu.html
    The system doesn't work. How many Individual Investors made 14.9 Million in 2008?
    Last edited by InCogKneeToe; 07-12-2020 at 09:39 PM.

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    Re: As the new NAFTA comes into effect,

    Quote Originally Posted by InCogKneeToe View Post
    Yes they Can. But also

    Not Mary's Fault, But Rick didn't fair that bad.
    You're looking through a microscope. What were the terms of his contract? Did he fulfill them or not. That's all that matters.

    Quote Originally Posted by InCogKneeToe View Post
    The system doesn't work. How many Individual Investors made 14.9 Million in 2008?
    How many of them were CEOs?
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    Re: As the new NAFTA comes into effect,

    Quote Originally Posted by TruckMan View Post
    This is a total myth. Never happened. Henry Ford paid his workers more so that they wouldn't keep walking off the line. The work was grueling. The turnover was killing him. It had nothing to do with wanting his employees to afford his product. It was all about retention and the desire to keep higher quality employees to keep the line moving faster. It was still all about profit, just like it is today.
    +1
    From the article The Story of Henry Ford's $5 a Day Wages: It's Not What You Think

    "In 1913, Ford hired more than 52,000 men to keep a workforce of only 14,000. New workers required a costly break-in period, making matters worse for the company. Also, some men simply walked away from the line to quit and look for a job elsewhere. Then the line stopped and production of cars halted. The increased cost and delayed production kept Ford from selling his cars at the low price he wanted. Drastic measures were necessary if he was to keep up this production."
    Moreover, Ford instituted many stipulations for line employees to earn $5/day:

    "The $5-a-day rate was about half pay and half bonus. The bonus came with character requirements and was enforced by the Socialization Organization. This was a committee that would visit the employees' homes to ensure that they were doing things the "American way." They were supposed to avoid social ills such as gambling and drinking. They were to learn English, and many (primarily the recent immigrants) had to attend classes to become "Americanized." Women were not eligible for the bonus unless they were single and supporting the family. Also, men were not eligible if their wives worked outside the home."
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    Re: As the new NAFTA comes into effect,

    Back to NAFTA, where POTUS & Friends clearly had the wool pulled over their eyes:

    On the subject of regional integration toward a nascent North American Union, Chapter 26 of the USMCA, the competitiveness chapter, establishes a “Competitiveness Committee” made up of unelected government representatives from all three countries.

    According to Article 26.1, Section 5 of the USMCA, the purpose of this Competitiveness Committee is to promote “economic integration and development within the free trade area” and “to further enhance the competitiveness of the North American economy.” (Emphasis added.)

    This is extremely dangerous since the Competitiveness Committee has the ability to create an “economic union” by merging the economies of the United States, Mexico, and Canada into a North American Union akin to the European Union.

    For those who wish to maintain the United States’ standing as a free and independent republic, the objectives of the Competitiveness Committee should be an area of major concern.

    Another major sovereignty-tearing aspect of the USMCA is Chapter 30 and its establishment of a new “Free Trade Commission.” Similar to the European Commission that runs the European Union, the USMCA’s Free Trade Commission will act as the agreement’s “administrative” or “executive” body with the power to “consider proposals to amend or modify this Agreement.”

    Should the Free Trade Commission evolve, in much the same way the High Authority of the European Coal and Steal Community became today’s European Commission of the European Union, it may eventually override or force the U.S. Congress, Mexico’s Congress of the Union, and Canada’s Parliament to rubber-stamp USMCA mandates in the name of fostering or deepening “economic integration.”

    The USMCA Free Trade Commission may someday impose on the United States new laws, regulations, and standards in the areas of banking, currency, the environment, fishing, e-commerce, and labor — all of which are areas covered in the various chapters of the USMCA.

    This Free Trade Commission will also be made up of unelected government representatives from all three countries. These representatives will not only oversee implementation of the USMCA’s numerous provisions, they will also oversee 19 subordinate committees, such as the aforementioned Competitiveness Committee. And each of the 19 subcommittees will be staffed by more unelected representatives.

    As mentioned earlier, the video also addresses how aspects of various chapters of the USMCA bind the United States to following UN conventions and treaties, namely the 1969 Vienna Convention on the Law of Treaties and the controversial United Nations Convention on the Law of the Sea, better known as the Law of the Sea Treaty — neither of which the U.S. Senate has ratified.

    The primary concern with the USMCA is not its impact on the U.S. economy, good or bad, but its ramifications for U.S. sovereignty. As stated in the video, “The United States can weather the storms of a bad economy or even a recession, but it cannot survive the loss of its sovereignty.”

    For a more exhaustive list of what’s in the USMCA, the video points to The John Birch Society’s “USMCA Issues Index.” The USMCA Issues Index is a free downloadable PDF that alphabetically lists most of the USMCA’s major threats to U.S. sovereignty and freedoms with links to the actual chapters of the agreement. Many of these issues are also covered in The New American’s online article entitled “What's Really in the USMCA?”

    More proposed trade deals are on the horizon, such as an FTA with the United Kingdom and a separate agreement with the European Union similar to President Obama’s once-proposed Transatlantic Trade and Investment Partnership (TTIP), and the USMCA offers a glimpse of what to expect from those agreements, especially as they are also being negotiated by U.S. Trade Representative and CFR luminary Robert Lighthizer, who served as the United States’ principle negotiator for the USMCA.

    https://www.thenewamerican.com/world...eid=10a789396b
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