Addendum 5 cont'd Automakers Hand Billions To Shareholders While Stiffing Workers Big Three car companies authorized $5 billion in stock buybacks https://www.levernews.com/automakers-hand-billions-to-shareholders-while-stiffing-workers/ * in past 12 mo. Big Three automakers - General Motors, Ford, Stellantis - auth. $5 billion in stock buybacks * gives billions of dollars to shareholders that could have gone to autoworkers Big Three: https://en.wikipedia.org/wiki/Big_Three_(automobile_manufacturers) #UAW #TradeUnions #capitalism #corporations #CorporateGreed #DefundCorporations #DefundBillionaires
Addendum 5 cont'd 2/ [2023-09-13] Big Three Autoworkers Getting Ready to Strike As Negotiations Come Down to Wire United Auto Workers’ contract w. the Big Three automakers expires tomorrow at midnight If no agreement is reached, UAW ready to strike to recoup concessions made over past 2 decades, end tiers, & boost wages https://jacobin.com/2023/09/big-three-auto-industry-strike-deadline-uaw-wages-tiers #UAW #TradeUnions #capitalism #corporations #CorporateGreed #DefundCorporations #DefundBillionaires
Addendum 6 UAW on Strike: In Historic Move, Auto Workers Target All Big Three Automakers at Once https://www.democracynow.org/2023/9/15/uaw_strike_big_three_automakers * 1st time in history, United Auto Workers launched simultaneous strike against Big Three U.S. automakers: Ford; General Motors; Stellantis (parent company of Chrysler) * UAW President Shawn Fein (https://uaw.org/executive-board-2-2/uaw-president-shawn-fain/) announced targeted strikes at 3 facilities #UAW #TradeUnions #capitalism #corporations #CorporateGreed #DefundCorporations #DefundBillionaires #ShawnFein
A6 cont'd United Auto Workers Strike Has Begun https://jacobin.com/2023/09/united-auto-workers-strike-shawn-fain-big-three-automakers/ * UAW launched historic strike, 2023-09-15 * workers at 3 plants across Big Three walking out * UAW leader Shawn Fain declaring an "all-out strike is possible" * 1st time UAW has struck all three major automakers simultaneously #UAW #TradeUnions #capitalism #corporations #CorporateGreed #DefundCorporations #DefundBillionaires #ShawnFein
A6 cont'd 2/ See aldo A5 cont'd Big Three Autoworkers Striking Against Concessions While Shareholders Reap Bonanza https://jacobin.com/2023/09/united-auto-workers-uaw-strike-big-three-automakers-stock-buyback-shareholders/ * 2023-09-15 UAW launched landmark strike vs. Big Three automakers for inadequate pay, job security * m/w automakers auth. $5 billion stock buybacks U.S. auto strike expected to affect Canada in deeply integrated industry https://www.ctvnews.ca/autos/u-s-auto-strike-expected-to-affect-canada-in-deeply-integrated-industry-1.6563010 #UAW #TradeUnions #capitalism #corporations #CorporateGreed #DefundCorporations #DefundBillionaires #ShawnFein
A6 cont'd 3/ UAW Members Are Striking Against Corporate Power. Americans Overwhelmingly Back Them https://jacobin.com/2023/09/uaw-members-strike-corporate-power-union-public-opinion-backing-autoworkers * United Auto Workers president Shawn Fain said “We fight for the good of the entire working class” * Americans believe him. In massive numbers, they tell pollsters they back UAW over Big Three auto companies #UAW #TradeUnions #capitalism #corporations #CorporateGreed #DefundCorporations #DefundBillionaires #ShawnFein
A6 cont'd 4 UAW President Shawn Fain: “It Is Long Past Time to Stand Up for the Working Class” https://jacobin.com/2023/09/shawn-fain-speech-uaw-stand-up-strike-working-class-unions-uaw/ * speech to United Auto Workers members, Shawn Fain laid into the Big Three * explained the UAW's new “stand-up strike" * [Oy! 🤨 ] invoked Bible to declare their battle a righteous fight for justice 🤦♀️ #UAW #TradeUnions #capitalism #corporations #CorporateGreed #DefundCorporations #DefundBillionaires #ShawnFein #populism
@c17393bb Quote: Autoworkers are not the problem. Corporate greed is the problem. I’ll add, “Capitalism is the problem; CEO made $17M last year”. Case closed…⚡️🤔
@f0f121ac @c17393bb Presuming a 40-hour week, that's over $8100/hr. Feels like a lot to me...
@6c1c08a4 @f0f121ac Elon Musk, $269.3 billion USD net worth 2023-09-11 * If Musk spent $1 million/day would take 736.5 CENTURIES to deplete wealth https://mastodon.social/@persagen/111049297750914546 #capitalism #DefundCorporations #DefundBillionaires
@c17393bb Corporations by law are to maximize profits, not increase salaries. That is a stupid mentality. Blame Milton Friedman along greedy CEOs and the S/Hs who write their checks, give them stock options, etc.