I Would Be Smiling Too: Ford pays CEO Mulally $39.1M for His First Four Months

Ford just keeps getin smarter durrrrrrrrrrrrrr

Well do you really think it WASN'T his idea? He's the damn CEO!

Fuzzy math continues as does the rip off of good hard working Americans who in the end really pay these clowns all this totally stupid buyouts. Ford tells the world the UAW has killed them sure right, what killed you was greed and a desire for your CEO's to own 10 houses world wide???

These guys just don't get it and they never will.

Owned a Ford, Will never EVER buy one again. This is a company that deserves to be where they are.

Agreed...unless he is just gunna raise a billion for himself, then run...

CEO's always get overpaid...really sicking actually...

Watch the Documentary "The Corporation"...and get ready to vomit at how Execs can just F* everything up, and still come off richer than the entire income of a med. size city.

You i know I just cant stand those greedy, overpaid, lazy UAW so-called workers. They whine about getting paid $25 an hour. And they have great job security too. Who do they think they are living high off the hog while the CEO slaves and works to the bone, striving to eek out a modest living?

This is no different than what happens at every other major corporation. If you want the best, that's the price you have to pay. Simple supply and demand.

I'm not saying Mulally is necessarily the best, but this situation will occur no matter who comes on board. Who the hell would want to sign up for turning this mess of company around unless the rewards are sky-high? Is it greedy? Of course it is, but that's the way life is.

It is sad to see this given Ford's heavy losses, but that's the fault of the previous CEO's who couldn't figure out how to get the right products to the market and who couldn't trim costs to the extent needed.

If you want a real example of unjust pay, look at Bob Nardelli, ex-CEO of Home Depot who recently walked away with $210 million after doing nothing to improve the company or the wealth of the shareholders.

Mullaly brought a proven turn around record with an old line american company.

His favorite car was lexus, so he brought that fresh perspective, as an outsider.

He knows what must be done, he's a breath of fresh air for a company that needs it, and btw, if he does not succeed, Ford will be owned by private equity and it wont matter much anyway.

I just can't get my head around how (what I presume to be) honest, hard working, middle or working class, maybe living paycheck to paycheck, trying to juggle mortgages and college tuitions (and car payments) Americans can come up with justifications for this. We did not accept this outrageous coporate behavior for the first 200 years of our existence. All of a sudden the 80's rolled around, and we started buying into the idea that CEOs were worth tens of millions. I wont go into a lengthy lecture on what changed to make this acceptance possible. I just wish everyone who thinks this is okay would take out their bills, checkbook, Quicken, or whatever they use and then really think long and hard about this. Class warfare is subtly going on in this country. Whose side are you on?

Read Atlas Shrugged.... You sound like someone who has no goals to make it big and dam!*t, you dont want anyone else to either.

You're not seriously telling me to read Ayn Rand. Are you still a freshman in college? I was young once too, and went through my individualistic, self absorbed phase, where I really beleived in laissez-faire, trickle down and all that self serving propaganda. Then I joined the real world, and learned about interconnectedness. Am I a little more jaded now? Yeah, when the head of home depot takes home a couple hundred mil for dropping the company's stock value, when Mullaly can bring home 30 mil after 4 months of doing nothing. Even Adam Smith would roll over in his grave at thtis.

It's a very scary occurrence when people begin rallying solders for social waring. The moment we stop thinking about how the world ought to run and start thinking about how it does is the very same moment all hope is lost for a better future. Our blip of insight is lost forever. You can call me self absorbed but what I want is not better wages for me and less for others but better understanding for everyone. No, I'm not caught up in the way the world works and I'm damn proud of it. I'm not a freshman philosophy student but I certainly dont take pity on those who are. With any luck, those people will remember the ideals of the great minds in history and put them to work instead of squandering themselves in the reality that lesser men have made for them and society willingly chains itself to.

Japanese managers are getting paid much less than managers from Europe or North America.
The Toyota CEO earns about 200.000€/year.
The Toyota management board earns about 7.000.000€/year.
I read an article about management salaries one year ago, so I don´t know the current numbers.

great point. I dont know what it's like in Europe currently. I presume that the older advanced economies still have some executives that believe in some parity with their workers, while new businesses in places such as Russia are emulating the American example. Purely anecodtal, I'm sure there are others much more knowledgeable about this than I. Anyone?

The situation in Europe isn´t much better.
Top managers in Europe earn up to $13 million/year.
I think managers in Japan care much more of their employees, money isn´t so important for them.
That's why I love the Japanese business and work philosophy.

people: America is returning to the days of the "RObber Baron" again. Actually it has already. It's gonna kill us all.
WHen the leaders are dishonest- 40 million as 4 months pay for a company dying under our eyes- where do you think the country is going to go?
THis time round, the robber- barons come wearing pin striped suits, but they're no different than the scum of the last century. Go to hELL, Mulally and your screwed up CEO self serving tribe.

You guys just don't get it. How would Ford get back to profit without hiring someone who has the track record of turning companies around. They have to pay Mullaly that much to compensate him from what he turned away from Boeing. People don't work for pennies, Bill Ford was saving his Families' Honor so he could afford to work for nothing.

If Ford's not around, watch the U.S. economy crumble.

Competitive companies will then have one less company to worry about. Then one day you wake up and see you have two makers of crappy cars and there is on one at either compnay that cares because why should they....
But to the subject.

Why not say. Here is your yearly wage (around 2 million). Here is what we expect from you. When you are fired we will give you this to leave. When you do great things for us we will reward you then. Then the top CEO's wont take the job. Guess what, there are pently of people out here that can do as good if not better than those guys. And once all the other companys see this they will say what a great idea and the age of the Huge CEO paycheck will be over... time to wake up.

Or better yet I think I could do his job for 4 months and have about the same effect that he has had. Plus I am willing to work for 100k a month. And if I make it 12 months, Look how much money I just saved Ford.