I did not hear that John Deere is starting to move production out of USA. FOR some model tractors

[Eagle1]

$10Billion profit last year. Just because you are a CEO doesn't mean you are entitled to Elon Musk pay.

Note that 10 billion is AFTER the CEO was paid.... Now he may get a bonus/raise the following fiscal year.

 

[LightningCamaroGuy]

$10Billion profit last year. Just because you are a CEO doesn't mean you are entitled to Elon Musk pay.

Who cares? What kind of profit did Toyota make? What kind of profit did Kubota make? What kind of profit did SIG make? What kind of profit did Google make? Maybe companies should just strive not to make profit? Does JD make that much profit every year, or could there be years where they might take a loss, or only make a small profit? Are you saying that JD's CEO's net value is $10 billion, and even if it is there's nothing wrong with that.?.? Who are you to say what a business CEO is or isn't entitled to when their company earns that much or more in profits?

If you don't like the job, or your salary then move the hell on. The market will determine what your value is. I've seen and been apart of it first hand. The problem is unions want to try and take a company by the balls, and dictate what they will, and will not, what benefits they'll hand out, how much they'll pay any give employees, etc. The thing is these large businesses that make large dollars don't need or want some entitled, outside source coming in and making demands, and trying to determine their outcome. This isn't the USSR or PRC. If you don't like the job then find another. This system is working great here in the southeast, while industrial job, and large manufacturing is suffering in union states and trying to leave them.

You want to try and infiltrate a large company, make demands, and use labor (or lack there of) to force their hand to meet some demands that you the workers, and the unions come up with because, "they make a profile, so we who agreed to/chose to work here for X money, and X benefits feel that we're entitled to it." So you want to grab them by the balls, and force their hand every few year, but then you want to cry, when said company (JD in this case) says, "F all that. We're leaving, and moving somewhere where our employees aren't going to refuse to work, unless we meet their demands."

I'm sorry, but I can't blame a privately owned business for trying to control their own destiny in a free market. Of course they want to make profits. That's the name of the game in business.

 

[Eagle1]

Who cares? What kind of profit did Toyota make? What kind of profit did Kubota make? What kind of profit did SIG make? What kind of profit did Google make? Maybe companies should just strive not to make profit? Does JD make that much profit every year, or could there be years where they might take a loss, or only make a small profit? Are you saying that JD's CEO's net value is $10 billion, and even if it is there's nothing wrong with that.?.? Who are you to say what a business CEO is or isn't entitled to when their company earns that much or more in profits?

If you don't like the job, or your salary then move the hell on. The market will determine what your value is. I've seen and been apart of it first hand. The problem is unions want to try and take a company by the balls, and dictate what they will, and will not, what benefits they'll hand out, how much they'll pay any give employees, etc. The thing is these large businesses that make large dollars don't need or want some entitled, outside source coming in and making demands, and trying to determine their outcome. This isn't the USSR or PRC. If you don't like the job then find another. This system is working great here in the southeast, while industrial job, and large manufacturing is suffering in union states and trying to leave them.

You want to try and infiltrate a large company, make demands, and use labor (or lack there of) to force their hand to meet some demands that you the workers, and the unions come up with because, "they make a profile, so we who agreed to/chose to work here for X money, and X benefits feel that we're entitled to it." So you want to grab them by the balls, and force their hand every few year, but then you want to cry, when said company (JD in this case) says, "F all that. We're leaving, and moving somewhere where our employees aren't going to refuse to work, unless we meet their demands."

I'm sorry, but I can't blame a privately owned business for trying to control their own destiny in a free market. Of course they want to make profits. That's the name of the game in business.

Profit may be distributed to shareholders via dividends or banked by the company. The CEO does not own that money in a public company. I never said anything about the CEO other than that his pay is taken as expenses in accounting before profit is counted.

As Chairman, Chief Executive Officer, and President at DEERE & CO, John C. May made $26,285,804 in total compensation. Of this total $1,591,674 was received as a salary, $5,911,159 was received as a bonus, $5,733,640 was received in stock options, $12,446,367 was awarded as stock and $602,964 came from other types of compensation. This information is according to proxy statements filed for the 2023 fiscal year
Is he worth that? Not my decision, shareholders.

Toyota annual gross profit for 2024 was $64.641B, a 38.37% increase from 2023.
Toyota annual gross profit for 2023 was $46.716B, a 12.1% decline from 2022.
Toyota annual gross profit for 2022 was $53.148B, a 17% increase from 2021.

 

[DarkBlack]

I'm sorry, but I can't blame a privately owned business for trying to control their own destiny in a free market.

Just an FYI…
John Deere is not a privately owned business, it’s a publicly traded company

 

[dodge man]

A company that makes 10 billion sure sounds like a lot and they are doing well. I have no idea if that a good return on their investments or not. It might be a mediocre return.

 

[bigtiller]

Some of you seam surprised about the Deere/Mexico partnership. Deere built a small plant in Mexico back around 1956. And Mexico has built bits and pieces for them for a very long time.

 

[LightningCamaroGuy]

Just an FYI…
John Deere is not a privately owned business, it’s a publicly traded company

Yes, it's privately owned by 1,000's if not millions of investors. Basically it's not a government three letter organization. Do you think investors don't want profit?

Look I'm a tool maker/die builder. I expect a pay increase sometimes. If I don't get one, and they don't want to listen when I ask about it I move to another company. Also move up. The company I'm at now is the one I started out in the trade back in 2004. I left it in 2013 because they weren't wanting to pay me more than $14.36 to do die work. I'm building new dies for that BS pay? Nope, I left and got a $4.02 and hour increase, and had my own little tool room where I did work for the maintenance department, and engineers at Husqvarna Outdoor Products. Then I went and started running CNC for a company that manufacturers automated assembly lines, and they paid really well. Then in late 22 I came back to where it all started for me in the machinist trade making over twice what I was making only 9.5 years earlier.

Still you have these workers who want to keep their jobs for 20-30 years, while using the union to force manufacturers to give out certain pay increases, and benefits, which can result in a lazy/poor work force. Instead of striving to get really good in your trade and having the market determine your worth, you'd rather pay union dues, and rely on state laws to protect these unions from companies telling them to pound sand.

Look I've worked with plenty of northerners who've migrated down here, only to listen to them whining about no unions and how crappy the pay is in the south. "Well, then take yourself back up north." "Yeah, but the cost of living is so high up north!" "And why is that. You think your high, union salaries might have something to do with it?"

 

[Eagle1]

As long as people want job but not work, want to stay put rather than move up and out the unions have a market. Not everyone is willing to take chances or learn new skills to make themselves more valuable.

I think I misunderstood your first post on this thread.... I'm with you every skill set is only worth so much to a business, want more money make yourself more valuable.... Business exist to make profit for the owners (shareholder). Why invest to loose money

 

[LightningCamaroGuy]

As long as people want job but not work, want to stay put rather than move up and out the unions have a market. Not everyone is willing to take chances or learn new skills to make themselves more valuable.

I think I misunderstood your first post on this thread.... I'm with you every skill set is only worth so much to a business, want more money make yourself more valuable.... Business exist to make profit for the owners (shareholder). Why invest to loose money

I think you think I quoted you, but I actually quited Timberfarm, who had quoted me, but y'alls posts looked very similar.

Basically what I'm saying is people need to use common sense here. If you're going to promote unions, and force JD to pay their employees in union states X $, and give X benefits, and JD feels that they are asking for way more than what their worth, then don't be surprised when their higher-ups decide to pull the plug, and move elsewhere. I bet JD jobs at plants in TN and GA are safe.?.? I mean they employ you. You freely accepted that. They are your boss. But instead of moving on when you become unhappy (really you just find that they're making a profit, and you feel entitled to it) and try and act like you're their boss by coming together as coworkers and refusing to work if your employer doesn't meet some demands that you the employees, and union come up with. Of course any business is going to want to escape that. So don't get mad when a business leaves after several strikes in just this past decade. And I'm not saying that I like it, but I do understand it, and can't blame JD for wanting out of the situation.

For example, let's say you have kids, but that you live in a poor school district. So you want to send your kids to this other school, but the powers that be tell you, "no, you have to send them to that school, with a high pregnancy rate, low average GPA, high gang presents, and a big drug problem." Are you going to just kowtow, or are you going to do something about it, like moving to a more favorable area, where the school district isn't an issue?

 

[rScotty]

It seems to me that the corporate vs worker system is out of balance. There is too much attention to management pay checks and investor returns - and too little to encouraging the workers who make it all possible. That's not a news flash; everyone I know feels the same.

How in the world did that come about? It sure didn't use to be that way. It used to be that when a company did well, so did the employees.

Having always worked for myself, I may be missing something here. After all, I always had the ability to adjust time and pay. ....

But I know my friends and neighbors. I've watched and listened to them. And I know the are having a hard time the last 40 years or so. Most of them aren't the type to complain for no reason.

It isn't politics - though that does contribute. But I think there is something more. Something important and fundamental has changed in the business world since about the 1960s and 1970s. Slowly but surely, the way that business operates now that is different from back then. It has changed during my working lifetime. But what exactly is different now? And why?

rScotty