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O look huffington post is wrong again, third part of the new CEO of GM compensation package results in a big raise over predecessor

[deleted]

February 10, 2014
60 upvotes
/r/TheRedPill
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Post Information
Title O look huffington post is wrong again, third part of the new CEO of GM compensation package results in a big raise over predecessor
Author

[deleted]

Upvotes 60
Comments 16
Date February 10, 2014 10:22 PM UTC
(12 years ago)
Subreddit Posted in /r/TheRedPill
Original Link https://old.reddit.com/r/TheRedPill/comments/1xk2lp/o_look_huffington_post_is_wrong_again_third_part/
Archive Link https://theredarchive.com/r/TheRedPill/o-look-huffington-post-is-wrong-again-third-part.231276
https://theredarchive.com/post/231276
Red Pill terms in post
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Comments

[–][deleted] 12 years ago (2 children) | Copy Link

[permanently deleted]

[–]UnamusedPunk 2 points3 points4 points 12 years ago (1 child) | Copy Link

For once the saying "Thanks Obama" actually applies.

[–]PresidentObama___ 2 points3 points4 points 12 years ago (0 children) | Copy Link

You're welcome.

[–]thebears1986 12 points13 points14 points 12 years ago (0 children) | Copy Link

New feminist headline: "Benevolent sexism alive and well in the auto industry"

[–]Glenbert 7 points8 points9 points 12 years ago* (0 children) | Copy Link

I literally just wrote that this would happen! Right here. Lolzlolzlolz

Mods, am I allowed to link like that?

[–]asd1100 0 points1 point2 points 12 years ago (0 children) | Copy Link

why is this off topic, your point is MRA'ish

[–]lookingatyourcock -5 points-4 points-3 points 12 years ago (9 children) | Copy Link

What is red pill about this?

[–][deleted] 12 years ago (8 children) | Copy Link

[permanently deleted]

[–]jefecaminador1 0 points1 point2 points 12 years ago (6 children) | Copy Link

To be fair though, long term compensation is significantly less valuable than the base pay and short term comp. Its stock grants that she basically can't touch for years and usually most of it is awarded up front, so she won't be getting 10 mil in stock next year. Like when Tim Cook took over Apple from Steve Jobs, he got a shitton of stock (500 mil if i remember correctly) that vests over 10 years. He isn't getting that every year, I'll tell you that much. I have no idea what the former GM CEO was awarded in stock.

[–]Glenbert 0 points1 point2 points 12 years ago (5 children) | Copy Link

Less valuable? WTF are you talking about? Does this woman have pancreatic cancer?

The wealthiest people you've ever met typically got that way by taking as much long term equity compensation as they could get their hands on way back when... Typically in the form of options. Ms. Barra will be just fine.

[–]jefecaminador1 0 points1 point2 points 12 years ago (4 children) | Copy Link

I guess my point is, she won't be getting 10 mil per year in stock grants. Thats usually more of a 1 off type award when they first take over so that she has more incentive to drive the stock higher. Its not comparable to say she's making more than her predecessor based on those initial stock grants.

[–]Glenbert 0 points1 point2 points 12 years ago (3 children) | Copy Link

I don't know the details here, but these grants typically take the form of options which vest over a given period of time. Usually 4 years in my experience and, since he started in 2010, probably the same here. The options will continue to vest until you leave the company and then you have to exercise the options that have already vested.

Since Akerson was leaving, it made no sense to give him options, but instead some sort of a fully-vested parting gift.

But all of this is beside the point. the point is that there is NO anti-female gender bias in the story. None. Any man who took over would have gotten the same.

Hell, GM may have even been trying to curry favor with the PC set by hiring her. They did a lot of that in the 90s. But instead then the Huff Po took a big, steaming, ignorant dump on this would-be tale of one woman's empowerment.

[–]jefecaminador1 0 points1 point2 points 12 years ago (2 children) | Copy Link

Well I'll agree to that, I don't think she's taking a significant discount if one at all because she's a woman. It's ambiguous as to whether she is compensated more or less than her predecessor.

[–]Glenbert 0 points1 point2 points 12 years ago (1 child) | Copy Link

The net present value of her compensation is unambiguously larger.

[–]jefecaminador1 0 points1 point2 points 12 years ago (0 children) | Copy Link

Year 1 compensation is almost always larger than subsequent years. She got 10 mil in stock grants to give her incentive to boost the stock price, she won't be getting that every year. You can't compare his last years compensation with her first years for that reason, its like taking a football players signing bonus and attributing it all to year 1 instead of over the life of the contract.

[–]lookingatyourcock 0 points1 point2 points 12 years ago (0 children) | Copy Link

Hm, I guess I just saw issues like that as more of a Men's Rights thing, rather than red pill. Isn't red pill more about the characteristics of each gender, and how they inherently interact and perceive each other? Red Pill no doubt has an explanation for feminism, but this seems more political and specific to the western world, where as I see Red Pill as focusing on something deeper that seeks to deal with humanity as a whole.

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