Ford CEO to work for $1 a year?!

[Leedom]

Ford's CEO Alan Mulally said if Ford gets a loan from the government to help sure up the company then he would work for $1 per year. I am sure that there would be a nice bonus structure in his compensation package, but still the gesture is nice, I guess. Should be interested to hear more about this.

For full story click here (http://autos.yahoo.com/articles/autos_content_landing_pages/775/ford-says-ceo-will-work-for-1-to-get-loans/).

[SeanPlunk]

Ford's CEO Alan Mulally said if Ford gets a loan from the government to help sure up the company then he would work for $1 per year. I am sure that there would be a nice bonus structure in his compensation package, but still the gesture is nice, I guess. Should be interested to hear more about this.

For full story click here (http://autos.yahoo.com/articles/autos_content_landing_pages/775/ford-says-ceo-will-work-for-1-to-get-loans/).

Ford actually is in okay shape. They seem to have enough cash flow to get them by. They want a 9 BILLION DOLLAR line of credit, but they indicated today they don't think they'll actually have to tap into it.

[enkeivette]

Good for him!

[Vettezuki]

Ford's CEO Alan Mulally said if Ford gets a loan from the government to help sure up the company then he would work for $1 per year. I am sure that there would be a nice bonus structure in his compensation package, but still the gesture is nice, I guess. Should be interested to hear more about this.

For full story click here (http://autos.yahoo.com/articles/autos_content_landing_pages/775/ford-says-ceo-will-work-for-1-to-get-loans/).

It is a nice jesture from a private employee of a private company, and if the terms of the loan are deeply considered I don't object too much. If we start hearing about "smart" people being "dollar a year men" for the government, I'll start getting really worried.

[joedls]

It is a nice jesture from a private employee of a private company, and if the terms of the loan are deeply considered I don't object too much. If we start hearing about "smart" people being "dollar a year men" for the government, I'll start getting really worried.

First, this isn't a private company. It's a publicly traded company. And believe me, Mulally will more than make up for the reduction in salary when the share price goes up because of a government loan.

[Vettezuki]

First, this isn't a private company. It's a publicly traded company. And believe me, Mulally will more than make up for the reduction in salary when the share price goes up because of a government loan.

Private means NOT government owned or operated in this sense, not a privately held company or corporation. I believe Chrysler (Cerberus) is, but I'm not sure. Haven't been exactly shopping for stock in auto companies. :judge:

[enkeivette]

It is a nice jesture from a private employee of a private company, and if the terms of the loan are deeply considered I don't object too much. If we start hearing about "smart" people being "dollar a year men" for the government, I'll start getting really worried.

Because of what that will suggest about the state of our economy? Or because you're a capitalist?

[BRUTAL64]

I watched the "hearing" on this at News Raw. It's interesting stuff. From what I've seen there, I believe they will get most -if not at least some- of what they want.:judge:

[Vettezuki]

Because of what that will suggest about the state of our economy? Or because you're a capitalist?

Because of what it will suggest about the state of our republic and how desperate it will have become. "Smart" people have a tendency to meddle and tinker because they're in love with how smart they think they are. Very, very few people are smart enough to NOT do something and let systems run their course. In the case of government, these "smart" people have the force of law on their side, so, without choice, you are subject to their "experiments". I don't like it.