Thursday, March 01, 2007
Huh?
Am I the only one to whom this feels just wrong?
"Ford Motor Co. said Wednesday its board of directors approved a $6 million stock option bonus -- $1 million more than was previously promised -- for new CEO Alan Mulally.
...
The news of the payouts came as thousands of salaried workers who signed up for buyouts or early retirement packages bid tearful farewells to their friends and colleagues. It also follows close on the heels of the record $12.7 billion loss the automaker posted for 2006."
and it gets even better...
"Ford will cover the costs of Ford Americas President Mark Fields' weekly commute, including first-class airfare from Detroit to Florida, following his decision to stop using a corporate jet for his weekly trips back to south Florida.
Ford clarified Mulally's corporate jet privileges. His family is allowed to use a corporate jet for personal travel even if Ford's CEO is not traveling with them."
The damn Ford officials won't even live in Michigan - Ford pays them to commute weekly to Florida - and do you wanna bet Fields isn't paying for his room and board? This just sucks big time.
