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Tags: Ford, FoMoCo, cars, CEO, company suffers

Tag Links: Ford, FoMoCo, cars, CEO, company suffers

Ford's Top Brass Awarded Millions While Rest Of Company Suffers
Ford's Team Turn-Around is doing a poor job, even if its still early days. FoMoCo brought in Alan Mulally as CEO and succeeding in cutting costs except when it came to awarding millions to the executive board.
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d1sinfod1sinfo - 4/12/2007 9:51:46 AM
+2 BoostDrop the Boost Up the Boost
Either there are facts and statistics we are unaware of that make this popular trend in large compensation packages really not that bad, or our deepest concerns are true and they are way out of line. If they are way out of line then I think explanations to share holders are needed.

Or maybe shareholders are ok with this.
Josh

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EnnNorakEnnNorak - 4/12/2007 9:58:16 AM
+1 BoostDrop the Boost Up the Boost
I expect to see many smart-ass comments from people who know nothing about executive compensation and the vital need for companies to keep their top performers; however, having said that, I am disturbed about the big money car companies have paid out over the years for skilled incompetence. I believe that the losers among car companies have been ravaged by a corporate culture that rewards masters of internal politics, B.S. artists who believe that strong marketing hype trumps technical excellence, and non-technical financial types who are penny wise but pound foolish. Does that just about sum it up?

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EnnNorakEnnNorak - 4/12/2007 9:58:26 AM
+1 BoostDrop the Boost Up the Boost
I expect to see many smart-ass comments from people who know nothing about executive compensation and the vital need for companies to keep their top performers; however, having said that, I am disturbed about the big money car companies have paid out over the years for skilled incompetence. I believe that the losers among car companies have been ravaged by a corporate culture that rewards masters of internal politics, B.S. artists who believe that strong marketing hype trumps technical excellence, and non-technical financial types who are penny wise but pound foolish. Does that just about sum it up?

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