Wednesday, December 10, 2008

Auto worker pay

http://extremeinequality.org/?p=101

In the fiscal year that ended in March 2007, Toyota’s top 32 executives — a group that included CEO Katsuaki Watanabe — together pulled in $7.8 million in bonuses on top of salaries of $12.1 million. For the comparable period, one single GM exec, CEO Rick Wagoner, raked in $10.2 million.


$10.2 million/year = $10,210,000/year = $850,833.33/mo = $196,346.15/week = $4908.65/hour for a 40-hour week.
If they worked 80-hour weeks (no time off), it would be $2454.33/hour

If executive pay is included in the "average", it would raise the average to a non-representative amount.

What is the average pay of the auto workers who do the actual work?

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