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The 14th Annual Pride Ride motorcycle show and ride will be on Friday, May 16. You can get the informational flyer and registration form at your union local or here online. Note that the deadline for shirt orders is April 15.
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Local 724 nominations will take place on Tuesday, March 11. For full information, see this flyer.
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The Local 652 Florida picnic was held in February. You can see more pictures here.
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UAW Local 602
General Membership Meeting
Sunday, March 9, 2014
4:30 pm Executive Board
6:00 pm General Membership
There will be a proposal read of
bylaws changes regarding
Local 602 becoming
an amalgamated Local Union
UAW Local 602 Union Hall
2510 W. Michigan Avenue
Lansing, MI 48917
517-372-4626
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Nominations for Local officers and delegates to the UAW Constitutional Convention will take place at 5:00 p.m. on Tuesday, March 11, at the Local 724 Hall. Candidates must accept nomination at the nomination meeting or, if not in attendance, submit a written acceptance to UAW Local 724, 450 Clare Street, Lansing, MI 48917, by 4:00 p.m. on Friday, March 14, 2014. For full information on who is eligible and the election date, etc., see this pdf.
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There's a thought-provoking article by Rick Haglund on the mLive.com website titled "Is Michigan in another auto bubble, or will past mistakes be avoided this time?" Among the interesting information is this: "Today, nearly half of all auto jobs in the state are in salaried positions." See the full article at this link.
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A new book called "Built in Detroit: A Story of the UAW, a Company, and a Gangster" is getting good buzz. In it, Bob Morris tells the story of his father, labor leader Ken Morris. This is from the time when, if unionists said "We took a beating" they didn't mean at the bargaining table. They meant with a lead pipe. There's a review by the always excellent Bill Castanier at this link on the Lansing Online News site.
We haven't seen Bob Morris's presentations on the book, but a friend who has highly recommends him. So if you get a chance, see him ... or buy the book!
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As you've probably heard, GM's new CEO, Mary Barra -- who took over the position in mid-January -- will receive "compensation" of about $14.4 million this year. According to the Detroit Free Press, that's $1.6 million in salary, $2.8 million in short-term stock incentives and $10 million in “long-term compensation,” likely in the form of stock tied to performance metrics. That's a 60% raise over what's-his-name's compensation. Oh, right, Dan Akerson.
In fact, she'll earn slightly more than the median compensation package for a CEO of a company in the Standard & Poor's 500 stock index, and roughly 282 times median U.S. annual household income. (Justin Hyde for Motoramic)
Naturally, it depends on all of us doing what we can to keep those stock values up. We're sure Ms. Barra is doing her bit to help in that regard.
By the way, the Free Press also says, "Although Akerson retired from the CEO post on Jan. 15, he’s still receiving a $1.7 million salary and $2.975 million in short-term stock incentives for serving as an adviser this year." Yeppers, it's a living.
Business Week has a round-up of other auto CEOs' "compensation":
• Ford: Alan Mulally, $21 million
• VW: Martin Winterkorn, $19.8 million
• Diamler (DAI:GR): Deiter Zetsche, $11.1 million
• Nissan (7201:JP): Carlos Ghosn, $9.7 million
• BMW (BMW:GR): Norbert Reithofer, $9 million
• Fiat (F:IM): Sergio Marchionne, $6 million
• Toyota (TM): Akio Toyoda, $1.8 million
• Honda (HMC): Takanobu Ito, $1.4 million
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