Friday, April 6, 2007
Executive compensation at the struggling U.S. auto manufacturers continues to draw attention. Ford Motor's SEC filing disclosed that it paid a total of $62 million to its senior management after losing $1.5 billion last year. This includes $28.2 million paid to new CEO Alan Mulally for four months' work (including a signing bonus of $18.5 million for leaving Boeing). See WSJ, Ford Leaders' Pay Packages
May Heighten Labor Tension; NYTimes, Ford Pays Chief $28 Million for 4 Months’ Work.