Ford Pays $40 Milllion to Its CEO in his First Four Months

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 Greed_2Mulally 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 putting the company back on its feet. When a company bleeding $12 Billion pays its CEO some $40 Million dollars for four months worth of work one wonders what insanity has attached itself to the Boards of these corporations and when will the taxpayers yell "I´m mad as hell and I`m not going to take it anymore"?

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