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

nice, I need a job like that :-/

damn, hopefully hes not getting engaged soon...

im referring to that bs line of "how to make 2 months salary last forever"

stock holders get fucked twice isnt that nice.... seems to be the american way lately... fail get paid A TON :thumbsup

uh, how did he fail again?

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.

I'm sure he had a tight employment contract and they saved the share holder Millions by buying it out.

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.

I applied for that, never got a call back

thats a shame....didnt they just recently layoff 1000s....

$28 million for four months
great

it is so stupid, and later they will complain it is not working