"UAW Challenges CEO Pay Raises Amidst Wage Demands"

The United Auto Workers (UAW) union has justified its wage demands by pointing to the 40% increase in CEO pay at Detroit's three automakers over the past four years. UAW President Shawn Fain initially demanded a 40% wage increase over four years, but has since lowered it to 36%. However, the actual CEO pay increases vary across the companies, with General Motors CEO Mary Barra's pay increasing by 34% since 2019, Ford CEO James Farley's pay increasing by 21%, and Stellantis CEO Carlos Tavares' pay decreasing by 24% when using an equivalent comparison method. The pay disparity between CEOs and rank-and-file workers remains significant, with the median worker at GM, Ford, and Stellantis needing hundreds of years to earn the annual compensation of their respective CEOs.