BMW to Cap Executive Pay - wundervoll!


	BMW to Cap Executive Pay - wundervoll!

nedhamson1

10-26-2009 11:18 AM

89 views

tags:

bmw, comity, equity, worker-executive pay

nedhamson1 says:

Now let me get this straight. GM, Ford, and Chrysler have all lost market share in the US and complain that worker wages and benefits made them uncompetitive. Germans assembly line workers average $60,000 a year and BMW sales have not plummeted as US car makers have.

And now, BMW says they are capping executive pay by establishing the current ration of difference 25-1 as THE ratio. According to the Bureau of Labor Statistics, the average U.S. worker earned $29,544. The ratio of CEO pay to average pay is 364:1 and to minimum wage is 885:1.

So... Why is it that US car companies have trouble competing?

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BMW to link managers' compensation to factory-worker wages
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