Ford CEO makes $28 million for four months' work; meanwhile Ford plans to cut 30K jobs

CNN.com

Say what, Beavis?

Some of the total amount paid is in stock options, but there's damn sure some cash-money in there, too. Just one of many reasons corporate America blows: CEOs and other executives are paid millions upon millions of dollars for desk work and the only people who suffer during hard times are their employees.

Henry Ford must be rolling in his grave. After all, he was all about the America workforce. Paying double the going rate of salary in 1914 ($5 per day), pioneering the 5-day work week in 1926....now his descendants and corporation is fucking the very people he respected.

Ah, the almighty Invisible Hand giving workers The Finger.

I think that's a ridiculous amount of money before any results are posted.

That said, those stock options are worthless at this time - the price is underwater. They are an incentive to make the company profitable and get the stock price to rise.

That's what this

means.

Do you know what the company means when it says the options have a value of 7.8M? This is somehow the cost to the company.

Big-corporation accounting is unfamiliar to me beyond the basics, so I don't know how they arrived at that particular figure. The restricted stock grant valuation in questionable too, depending entirely on the details of the deal.

He's still making a shit-ton of money any way you slice it. I understand that any top flight CEO would need to be persuaded with lots of cash to join a failing company in a brutal cyclical industry like cars... but couldn't they find someone who didn't need to be bought out of a juicy contract, and a commercial jet guy at that?

WTF?

I'll take $55,000 to NOT relocate.

Ol' Henry wasn't quite the altruistic folk hero most people want you to believe. Yes, he increased wages substantially and cut hours to eight hours a day and five days a week. The effects were immediate. Attendance rates went up, turnover rates fell to almost nothing and workers stopped getting injured on the job. It was about increasing profits, not taking care of employees, and it worked amazingly well.

Damien?!?

No wonder the new Ford truck i was looking at was close to 40K.

That's all of 'em. List price is for suckers. My Dodge turbodiesel stickered at over $40,000 and I got it for under $32K with three years of 0% financing included - and the factory still makes a killing on pickups, even at those markdowns.

Nobody with a pulse pays MSRP.

Americans have to realise you car industry is not what it once was. The Japanese busines model of cheap small fuel effecient cars is what you want. Sometimes your evaluation of yourself can be tainted by national pride. You dont want 2 tonne pick ups with crap milage as much as before. Your manufacturing plants arent to the same standard as European and japanese plants in terms of flexablity to make mutliable models.
In the Toyota company one plant can make 5 models, to change models you reprogram a robot. Your going to have to revaluate what a succesful car plant actually is. I read somewhere that GM most effecient plant closed down becaus of the model they made was unsuccesfull in the market place. The japanese would have just changed the model made at the plant. I hope your industry survies but I doubt it . China is moving up fast in the car manufacturing game ,wont belong now till no one else but they make cars.

Yes i do. I drive a two ton truck right now, and wouldn't give it up for anything, i am not overly concerned with gas prices, hell i am even looking into a diesel. I like my big trucks, and there are a lot of people that always will.

They can re-evaluate the plant all we want, if the Unions don't agree with it, it doesn't happen.

Do you have a link to that? I'd like to read just why it shut down.

I didn't even haggle the price at that point, i usually stick to used trucks. The market is so glutted with people trading in perfectly good truck to buy new trucks, that i can't pass up buying a good truck with 50k miles on it and it only being a few years old.

Newsflash, dude:

Toyota sells shitloads of pickups and SUVs here, including:

Tacoma
Sequoia
Land Cruiser
RAV4
4Runner
FJ Cruiser
Highlander
Tundra

that's eight different trucks and SUVs compared to only six different models of cars sold here.

You apparently know little of the US market and less of industry practices so spare us the half-assed analysis, please.

I was dealing with the oddities of the HD (3/4 ton and above) turbodiesel market, where the trucks typically pile up hard commercial mileage fast, and yet keep higher residual values than the light-duty gas half tons people tend to buy for personal use. Year-old trucks with 35k and out of warranty were only selling at a $3,000 discount to what I could get a new one for, and the new one had the free 3 year financing as opposed to the 7-9% the best used car loan could do at the time, making it a no-brainer to buy new.

I still can't get over the number of people willing to pay $10,000 for an eight year old truck with 160,000 miles on it.