Salaried employees get the shaft. 69%? What a slap in the face. Facing monthly layoffs, training our LCC replacements, getting rated low despite busting our humps. And we see UAW hourly walking away with huge profit sharing checks despite putting together the worst quality vehicles on the road. And investors get huge dividends and then turn around and sell out making the stock plummet.
Salaried employees are taking it on the chin while everyone else skates away with pockets full of cash.
UAW is cancer,
Investors are supposed to get the money. They own the company.
Before investing in ford stock, one needs to understand that the company’s entire purpose is to pay dividends to the family ‘s special Class B shares to support their lifestyle.
The Ford family only cares about your continued contribution to tgat.
@az+1jkemk538 you crack me up.. Because when I interned back in the 80s all the old timer Union guys told me to make sure you finish school. because they knew the gravy train was not going to last. If Ford shuts down tomorrow where you going to find a job that pays you what you have?
Sick and tired of people like you spreading garbage. Your mad just because you have to work on the line but you made that choice not the rest of us.
In 2020 senior management told the salaried folks that we may never come back into the office unless it involved a review or signoff or launch support.
so stop with this class warfare.
I'll take the special dividend thank you.
Ford is giving latitude and other tech bros in California millions in RSUs and above average compensation to basically build sh-t that we can easily get from suppliers. It is mind baffling how poorly things are run here.
Class solidarity, people. The Ford family and other rich fs that hold all the shares are profiting off your labor with their shares and dividends regardless of it you're UAW or salaried. The difference is the UAW has made the situation slightly less sh-t for those putting the cars together. And Ford leadership then fs salaried because it's their only option: salaried don't have recouse. Don't get jealous, get even with those upstairs
UAW isn’t the issue. I’d like to see the argument for why these executives deserve millions. There’s lots of talented people making far less. Why are these individuals granted the pay of tens to hundreds of people? You could make a team or even an organization out of these executive’s salaries and probably achieve better results with the collective vs one mind.
Comments like these are useless and don't contribute to the discussion.
There are so many trolls and baiters commenting these days.
I deserve more because I stuck it out all this time. I'm working more, driving into the office 4 days a week and I have a job where I keep the lights on. Without me an entire tech stack goes under and our customers start to clamor.
I don't sit on the top floor of the glass house collecting huge checks and getting millions in bonuses. For nothing. That's why I deserve more.
@d2+1jkemk538 I have compelling reasons why I deserve more, but if I listed them here, my managers would know exactly who I am, and I'll be the next layoff of this company. I have worked very hard, avoiding the layoffs, to undo all that in a forum.
Instead, let's extend your question to our "leaders". Why do they deserve more? Company is losing market share, products plagued by quality issues, the workforce is demoralized, stock keeps going down in price, there is no plan in execution, just bumbling around. We want to be better than Tesla, better than Jeep, better than whatever, while we lose our crown in the truck segment. But our leaders keep getting fatter and fatter bonuses, salaries increases, and perks.
I have yet to see a compelling reason why you deserve more. Can anyone come up with one legitimate reason?
I think the UAW people on here are not seeing the forest for the trees. If the vehicles aren’t designed properly, they get a bad reputation and no one buys them. If no one buys them, then plants get shut down and then the UAW people are out of work too.
UAW folks, try thinking a bit deeper. You are all in this together.
Why should you get more? You don't get more just because you want to. It comes across as entitlement. You claim you are "busting our humps". OK doing what exactly? Unless you're driving revenue growth in a significant way, why do you deserve more than you are getting?
Imagine what the stock price would be without these execs union bosses (look it up!) getting awarded millions in stock each year!
The Board of Directors of the Company expects that Ms. House will be appointed Chief Financial Officer of the Company after a period of transition working with Mr. Lawler. Mr. Lawler will continue solely as Vice Chair after the transition.
In connection with his appointment as Vice Chair of the Company, the Compensation, Talent and Culture Committee of the Company’s Board of Directors (the “Committee”) took the following compensation actions with respect to Mr. Lawler:
•Approved an increase in his annual bonus target to 150% of his unchanged base salary of $1,242,077;
•Approved an increase in his annual stock award target from $4,000,000 to $6,500,000;
•Approved an increase in his Defined Benefit Supplemental Executive Retirement Plan Contribution from 0.8% to 0.9%; and
•Authorized Mr. Lawler to use Company aircraft, subject to the Company’s policies for personal use.
In connection with her appointment as Vice President of Finance, the Committee took the following compensation actions with respect to Ms. House:
•Approved a base salary of $900,000 (pro-rated for the portion of the year Ms. House is employed by the Company);
•Approved an annual bonus target of 125% of her base salary;
•Approved an annual stock award target of $5,000,000, to be paid pursuant to the Company’s 2023 Long Term Incentive Plan. The award will be paid 40% in restricted stock units and 60% in performance stock units with the same terms and conditions as awards made to other officers of the Company as described in the Company’s 2024 Proxy Statement, which was filed with the Securities and Exchange Commission on March 29, 2024; and
•Approved a sign-on bonus of $4,250,000 that will be paid $1,250,000 in cash and $3,000,000 in restricted stock units under the Company’s 2023 Long Term Incentive Plan, with $1,500,000 of such restricted stock units vesting immediately and the remainder vesting on the first anniversary of the grant date.
Ms. House will also be entitled to standard relocation expenses under the Company’s relocation policy for new hires.
You all got what your contract says you get. You accepted the bonus program you got when you signed it.
Lazy work at home people don’t deserve what UAW members get anyway
Buddy is right. UAW does actual work. Are the office workers doing the same? I think they are spending more time pretending to work than actually contributing.
If it weren't for the UAW, we wouldn't get what similar benefits (e.g. holidays, etc).
Ha! Pointing and laughing at you all!!
USW actually works for a living. They build the trucks people buy. They are not doing BS in an office pretending to work.
Don’t worry about the UAW; they will get their’s. It will come like a thief in the night. Just sit back and watch. The federal government buyouts are a precursor to what is coming for them. The billionaires are in charge now. You can bet your sweet a-s that Ford, GM, and Stellantis have been knocking on the door of the White House on how to handle the cost of labor discrepancy. It’s uncompetitive; you have Musk in charge of Doge who has no organized labor at his facilities. Hopefully the hourly brothers and sisters are saving for a rainy day, but most of them you saw on TV during the 2023 strike and the ratification bonus said they would buy a boat instead.
Bonus email was in “other” not “focused “ folder. I’m “next out”, but still received it.
I did not receive the bonus email. I heard a few others have not received it, either. Does that mean we should expect good news soon?