Things That Burn My Butt.
The March 25th USA Today had an article by Sharon Silke Carty about Ford CEO Alan Mulally, whose company lost $14.6 billion in 2008, but gets $3 million a year in salary and perks. Nice job if you can get it. In most jobs you'd get fired if you botch something up which costs the company, even as little as a thousand, but $14.6 BILLION??
One of the perks was $344,109 for personal use of the company plane.
Not only that, but the next four highest-paid executives earned a combined $14.7 in salary and perks. Hey, that's more than the CEO is getting. President of Ford's Americas operations, Mark Fields, spent $517,000 of company money traveling from Detroit to spend weekends with family in Florida.
CEOS are definitely overpaid, but for years the boards of directors have insisted that CEO pay (and upper level management) had to be higher. But, then again, have you ever wondered who was on these boards of directors?
Like I Said, Nice Job if You Can Get It. --RoadDog
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