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I really wish I had a good ol' boy network

Discussion in 'Sports and News' started by Idaho, Apr 5, 2007.

  1. Idaho

    Idaho Active Member

    I wish I could be the (soon-to-be) failed CEO of a failing company.


    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.

    The Ford pay package for Mulally comes on top of the $7.4 million that aerospace company Boeing (Charts) had previously reported paying him for his eight months running that company's commercial aircraft unit before he made the move to Ford at the beginning of September.

    Mulally's pay package at Ford included a $7.5 million hiring bonus, as well as $11 million that Ford described as an offset for forfeited performance and stock option awards at Boeing. In addition he received $55,469 for relocation costs and temporary housing.

    His base salary was $666,667, which works out to annual pay of about $2 million. He also received restricted stock grants, which the company valued at $920,404, as well as 3 million stock options valued at $7.8 million. The stock options are not yet exercisable, and they have an exercise price of $8.28, or about 4 percent above current prices.
  2. yeah but what does he get for mileage?
  3. Chi City 81

    Chi City 81 Guest

  4. slappy4428

    slappy4428 Active Member

    Adjusted for gas prices
  5. Pastor

    Pastor Active Member

    While everything about this seems rather typical of the big corporations these days, am I the only one that did a double take at this: "His base salary was $666,667..."

    Were they looking to go for the 666,666 and the guy said, "No, I'm not that evil."
  6. The Big Ragu

    The Big Ragu Moderator Staff Member

    Well, they were cheating him so much on the stock options that they decided to be sports and round up to the extra dollar on the two-thirds of the hundred thousand.
  7. Freelance Hack

    Freelance Hack Active Member

    That seems great and all, but does he get a company car?

    Hopefully, he at least gets a free Ford Festiva or something.
  8. Pastor

    Pastor Active Member

    He was offered, but upon finding out it was a Ford, he turned it down.
  9. Yawn

    Yawn New Member

    Line up a shooting line and blow holes in his ass as he floats downward in his "golden parachute."

    These pieces of shit, and not Bush, are the biggest threats to our democracy. Even more than liberals - these are threats.
  10. leo1

    leo1 Active Member

    i'm shocked but i agree with yawn. these people are probably a bigger threat than bush because ultimately bush and most politicians are tools of Big Business. on the one hand mulally just took what he was given but on the other hand when you have CEOs making 5000-6000 what the average worker makes, it causes major societal shifts in which only a scant 1 percent or so have the power in this country.
  11. Yawn

    Yawn New Member

    FenPhen is picking himself off the ground. No wait, he thinks of these people, in his world, as the ruling class of a socialist state.
  12. I agree with Yawn, too. Especially when I know he's talking about our vice president who got a ... wait for it ... $20 million chute from Haliburton.


    Cheney gets 'golden parachute' from Halliburton Co.

    August 12, 2000
    Web posted at: 2:29 PM EDT (1829 GMT)

    WASHINGTON (AP) -- The oil services company that Republican vice presidential candidate Dick Cheney ran the last five years has agreed to let him retire with a package worth an estimated at $20 million, a person familiar with the company's plan confirmed Saturday.
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