'The CEOs of General Motors, Ford, and Stellantis and their major stockholders on Wall Street have got to understand: they cannot have it all,' said Sen. Bernie Sanders. 'We refuse to live in an oligarchy.'
as negotiations continue without a contract agreement.
"Do you have any clue what it's like for one of your workers to try to survive on $17 an hour, which is the average starting wage of an automobile worker?" Sanders asked, a question directed at General Motors CEO Mary Barra, who received around $29 million in total compensation last year. Sanders proceeded to ask similar questions of the chief executives of Ford and Stellantis, who both made more than $20 million in 2022.
Turning his attention to Ford's Jim Farley, the senator noted that "last year you made more than $20 million in total compensation, and my guess is that when you retire from your job, you're gonna have a great pension, golden handshake, and all kinds of benefits."
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