American Axle posts 644 million loss

[personna non grata]

And yet the CEO stills gets millions in bonus money.
If I owned stock in that company, I'd want that bonus revoked.
That CEO basically took money right out of the hourly employee's pocket AND the stockholders pockets and directly lined his own pockets with that money.
Did the "Good Ole Boys" network facilitate this?
CEO should stand for Crooks @ Every Opportunity!

[Arctic49519]

A few weeks ago Axle gave CEO D*ck Dauch an $8.5 MILLION bonus for slashing worker wages. This was in addition to $9.2 MILLION in other compensation.
http://www.workforce.com/section/00/article/2...

This was a slap in the face to the Union workers there who agreed to wage concessions because Axle said it was necessary to stay in business.
The union should have stayed on strike and not agreed to any wage concessions at all.

[turdface]

It is not easy finding CEOs, on the other hand announce you are hiring 10 production line workers and you get a line 5 miles long. Do the math.
Not saying they deserve what they make just that is the reason.

[oxy moron]

I fail to see how a $600 million loss warrants an $8 mil bonus.
How did that ever slip through?

[how did that happen]

turdface wrote:

It is not easy finding CEOs, on the other hand announce you are hiring 10 production line workers and you get a line 5 miles long. Do the math.
Not saying they deserve what they make just that is the reason.

I dis-agree.
There are lots of people ready and willing to swindle the baby's shoe money away from honest-hardworking-backbone of America's kind of people.
It happens every day and the federal govt. will bail them out and uphold the lavish lifestyle they don't deserve.
Freddie Mac and Fannie May ring a bell?