CEO Mulally- Ford Jr pay jumped to 26 Million in 2010

[sarcasmo]

Source: Detroit News

Snip< "If Ford expects the UAW to make more concessions, they can forget about it," said Gary Chaison, professor of industrial relations at Clark University in Worcester, Mass.



Snip < Chaison said this issue may simplify bargaining because it takes many corporate requests off the table.

"You cannot ask workers to make sacrifices unless the top executives are," he said.





Read more: http://detroitnews.com/article/20110402/AUTO01/104020366/CEO-Mulally--Ford-Jr.-pay-jumped-to-$26M-in-2010

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The class warfare continues.

[dkf]

1. It is fair that this be brought up in worker negotiations.

But give someone at Ford credit for saving their butts. I would be interested to know how Ford workers are doing in comparison to GM. That would be the value added from having a better CEO. If the pay to workers is the same then they should be upset that they see no gains. If they are doing better than GM workers then management has been beneficial to them

[xchrom]

2. My fear is this - without the support of the political elite -

You know things like EFCA - it turns into small ground wars.

UAW and ford - teachers some place else - firefighters over there.
We need 'change' up the food chain.

[on point]

3. He is paid about $2 per car for comparison

I was struck over the discussions when it was said how much the health care plans cost per car.

But yet no one had ever tried to estimate the overhead caused by excessive salaries for management (and how this hurt their sales!).

So if Ford is selling about 12 million units annual right now, his salary is about $2/ car.

If you figure that the upper echelon with salary and bonus add at least another $100 million to costs, then executives probably add about $10 per car.

By contrast Japanese and Euro CEO make on the order of $100,000 of thousands, not millions in salary. It is clear that the executive suite is a burden on the economy, and combined with wall street 'traders tax' (in right wing econspeak) is keeping us from being competitive.