Ford Pays $40 Milllion to Its CEO in his First Four Months
The Associated Press reports another corporate CEO gross overpayment, a subject I´ve complained about so many times in the past. In a filing with the federal government, Ford disclosed it paid its CEO Alan Mulally a staggering $39.1 million dollars during the first four months of his term as CEO. So, what did Mr. Mulally do to earn this windfall? Ford, as the second biggest automaker, lost $12.7 Billion, yes,"billion" in 2006 so it couldn´t be his job performance in…
