July 16, 2025
Operating Assets

What the UAW’s 2024 financial filing says about Fain’s “union reform”


Shawn Fain, President of the United Auto Workers, walks on stage and speaks prior to President Joe Biden speaking to a United Auto Workers’ political convention, Wednesday, Jan. 24, 2024, in Washington. [AP Photo/Alex Brandon]

The United Auto Workers and several other major unions filed their 2024 financial reports with the US Department of Labor at the end of March. In 2024, workers saw their living standards devastated by inflation, and thousands of UAW members lost their jobs at the Detroit Three auto companies and other employers like Deere and CNH as a result of sellout contracts.

The army of UAW bureaucrats in the union’s Detroit national headquarters, however, had a prosperous 2024.  

The membership of the UAW, which plunged from a peak of 1.5 million in 1979 to a low of 355,000 in 2009, continued to stagnate last year. This is despite UAW President Shawn Fain’s boasts of “organizing victories,” including at the VW plant in Chattanooga, where an entire shift of workers just lost their jobs with no resistance from the UAW. 

But the UAW bureaucracy long ago “decoupled” its income and affluent lifestyle from the living standards and even the number of dues-paying members. According to its filing, the UAW saw its assets rise to over $1.1 billion ($1,175,910,875) in 2024. This included $778.5 million in marketable securities and other investments, $150.4 million in US Treasury Securities and $149.6 million in fixed assets. 

All told, this amounts to $3,134 in assets per member in 2024, almost double the $1,638 per member the UAW bureaucracy controlled in 2000, when the union had 671,853 members. 

While paying out only $11 million in strike benefits last year, UAW Secretary-Treasurer Margaret Mock reported that the union had total “disbursements” of $308.8 million last year. More than a third of this—$109.9 million—was spent on salaries and other disbursements to the vast army of union bureaucrats at the union’s national UAW “Solidarity House” headquarters in Detroit. 

The UAW International’s top 15 officers were paid a reported $3.2 million in salaries and disbursements. This included President Shawn Fain ($274,407), Secretary-Treasurer Mock ($247,169) and the three UAW vice presidents who signed their names to the sellout agreements of GM, Stellantis and Ford workers in 2023: Michael Booth ($235,968), Ronald Boyer ($226,625) and Charles Browning ($234,776).  

In addition, the UAW spent another $106.7 million on salaries and disbursement for another 953 “employees” of its national headquarters. The latter is made up of a veritable army of servicing reps, international officers’ secretaries, legal assistants and other cushy positions, which have nothing to do with the interests of workers and often go to relatives and friends of longstanding UAW executives.     

Particularly noteworthy are the huge salaries of the coterie of Democratic Socialists of America members and Bernie Sanders operatives that Fain brought in to provide him with a “left” cover as he sold out the 2023 autoworkers strike and promoted the warmongers Biden and Harris. 



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