What the people think

[Trampled Underfoot]

Jesus Christ. :facepalm:

 

[Trench]

Explain this to me Bob. Why have the salaries of the PIG CEO's grown to almost 400% more than the average worker from about 10 times more. And this rise in the PIGS compensation happens to coincide with this recession.

In my example of how the $56 millon could of been distributed I still gave the CEO $6 million. But that wasn't enough for the PIG he wanted more. And as a result that $56 million is not creating jobs it is sitting somewhere doing nothing but inflating the PIGS ego.

Stevie... in defense of Ford CEO, Alan Mulally, and executive chairman, Bill Ford Jr., they did bring Ford back from the brink of bankruptcy in 2008 to record profits of more than $6.5 billion in 2010. Personally, I think Mulally's done a hell of a job at Ford. That being said, like you, I don't think it justifies the $56 million bonus Mulally received or the $42 million bonus that Ford Jr. received. Some of those shares could have been distributed to workers and/or to shareholders who stuck with Ford through the lean years.

 

[StevieD]

Stevie... in defense of Ford CEO, Alan Mulally, and executive chairman, Bill Ford Jr., they did bring Ford back from the brink of bankruptcy in 2008 to record profits of more than $6.5 billion in 2010. Personally, I think Mulally's done a hell of a job at Ford. That being said, like you, I don't think it justifies the $56 million bonus Mulally received or the $42 million bonus that Ford Jr. received. Some of those shares could have been distributed to workers and/or to shareholders who stuck with Ford through the lean years.

That is all I am saying Trench. Right there, two men, $100,000,000 bonus's simply for doing what thery were hired to do. People have no problem with that but extend unemployment benefits to a family guy who was laid off because his CEO screwed up and half the country says NO!:shrug:

 

[The Sponge]

Stevie... in defense of Ford CEO, Alan Mulally, and executive chairman, Bill Ford Jr., they did bring Ford back from the brink of bankruptcy in 2008 to record profits of more than $6.5 billion in 2010. Personally, I think Mulally's done a hell of a job at Ford. That being said, like you, I don't think it justifies the $56 million bonus Mulally received or the $42 million bonus that Ford Jr. received. Some of those shares could have been distributed to workers and/or to shareholders who stuck with Ford through the lean years.

Do you think this would have happen if not for the cash for clunkers? Didn't all the car companies do well during the clunker surge?

 

[Trench]

Do you think this would have happen if not for the cash for clunkers? Didn't all the car companies do well during the clunker surge?

Sponge, no doubt all the automakers benefited from the Cash-for-Clunkers program, but Ford took a huge gamble in not accepting the government bailout and instead leveraging their assets to borrow $23 billion to right the ship. To turn Ford around so quickly was pretty impressive, IMO. Mulally's a smart guy but like I said, I agree with Stevie's point. In 2010, the average Fortune 500 CEO made 343 times what their average worker made and that's a trend that's gotta be reversed.