enthalpy

enthalpy

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The truth shall set you free, but first it's going to piss you off

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Sunday, April 15, 2007

Posted 4/15/2007 05:08:00 PM by Douglas

Because really, what's $28 Million when your company lost $12.7 Billion?

With the domestic auto industry limping through the most brutal stretch in its 100-year history, the Dearborn, Mich.-based car company shelled out more than $28 million to Alan Mulally after just four month as Ford's top executive.

Mulally, who left Boeing Co. following 37 years on the job, received $666,667 in salary since Sept. 2006. That goes along with his $7.5 million hiring bonus and $11 million to offset the loss of compensation he would have received for performance and bonuses at his former employer. Add to that, more than $8 million in options and other stock-based awards.

The system ain't broke, is it? These guys earn this money, right?

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