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Old 04-05-2007, 06:13 PM   #1
GatorB
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Fail at job, earn $28 mil for 4 months work

nice work if you can get it.

"NEW YORK (CNNMoney.com) -- Struggling Ford Motor Co., which posted a record $12.7 billion net loss in 2006, gave its new CEO Alan Mulally $28 million for four months on the job, according to the company's proxy statement filed with the Securities and Exchange Commission Thursday."

http://money.cnn.com/2007/04/05/news...ex.htm?cnn=yes
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Old 04-05-2007, 06:15 PM   #2
woj
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nice, I need a job like that :-/
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Old 04-05-2007, 06:24 PM   #3
96ukssob
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damn, hopefully hes not getting engaged soon...

im referring to that bs line of "how to make 2 months salary last forever"
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Old 04-05-2007, 06:28 PM   #4
IllTestYourGirls
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stock holders get fucked twice isnt that nice.... seems to be the american way lately... fail get paid A TON
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Old 04-05-2007, 06:33 PM   #5
12clicks
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Quote:
Originally Posted by GatorB View Post
nice work if you can get it.

"NEW YORK (CNNMoney.com) -- Struggling Ford Motor Co., which posted a record $12.7 billion net loss in 2006, gave its new CEO Alan Mulally $28 million for four months on the job, according to the company's proxy statement filed with the Securities and Exchange Commission Thursday."

http://money.cnn.com/2007/04/05/news...ex.htm?cnn=yes
uh, how did he fail again?
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Old 04-05-2007, 06:34 PM   #6
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CEO compensation at 'some' public companies is out of control these days. It's no wonder a lot of these companies are in the red with these shitty attitudes.
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Old 04-05-2007, 06:34 PM   #7
MikeVega
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I'm sure he had a tight employment contract and they saved the share holder Millions by buying it out.
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Old 04-05-2007, 06:36 PM   #8
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Seeing as he had been on the job for four months I'm not sure how he was supposed to have any impact on that years profit, hell his policy's and decisions will probably not make a big impact on this years profits either, big companies like ford that depend on R&D can't really be evaluated on a yearly basis as you have a time lag between cause and effect.
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Old 04-05-2007, 06:38 PM   #9
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I applied for that, never got a call back
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Old 04-05-2007, 06:41 PM   #10
LilBro
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thats a shame....didnt they just recently layoff 1000s....
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Old 04-05-2007, 07:04 PM   #11
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$28 million for four months
great
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Old 04-05-2007, 07:31 PM   #12
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it is so stupid, and later they will complain it is not working
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