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The Pub For General Automotive Related Talk |
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07-03-2012, 08:49 PM | #1 | |||
FF.Com.Au Hardcore
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07-03-2012, 09:27 PM | #2 | ||
Join Date: Dec 2004
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Disgraceful.
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07-03-2012, 09:31 PM | #3 | ||
Cobblers!
Join Date: Mar 2005
Location: The Shire, NSW
Posts: 4,489
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This man is responsible for saving Ford.
He's worth every penny he's getting, and more.
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Ego BFII Ghia Titanium Silver E53 X5 4.4i Gunmetal EF XR6. Now retired from active duty. Roses are red. Violets are blue. OS X rocks. Homage to you. |
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07-03-2012, 09:36 PM | #4 | |||
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Location: Brisbane
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07-03-2012, 09:39 PM | #5 | ||
Render unto Caesar
Join Date: Feb 2008
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Posts: 4,224
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Good on him.
Deserves it all for bringing together Ford all over the world into One Ford and turning the company around from a basket case to a profitable one.
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"Aliens might be surprised to learn that in a cosmos with limitless starlight, humans kill for energy sources buried in sand." - Neil deGrasse Tyson |
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07-03-2012, 09:40 PM | #6 | |||
FF.Com.Au Hardcore
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07-03-2012, 10:07 PM | #7 | ||
The BEST Falcon is the AU
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Location: VIC
Posts: 2,096
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He earnt and worth every bit of that pay check!!! Alot of companys are trying to lure him now!
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07-03-2012, 10:09 PM | #8 | |||
FF.Com.Au Hardcore
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07-03-2012, 10:37 PM | #9 | ||
FF.Com.Au Hardcore
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They must have given him a big chunk of stock, Ford is still junk stock on the share market as far as I am aware.
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07-03-2012, 10:41 PM | #10 | |||
FF.Com.Au Hardcore
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07-03-2012, 11:16 PM | #11 | |||
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08-03-2012, 02:49 AM | #12 | |||
Cynical Idealist
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Location: Orlando, FL, USA
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From Jalopnik.com:
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08-03-2012, 09:40 AM | #13 | |||
FF.Com.Au Hardcore
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He saved Ford from bankruptcy, the man deserves the cash and then more. He would never have received the bonus if he did not acheive all the objects assigned to him.
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08-03-2012, 10:07 AM | #14 | ||
FF.Com.Au Hardcore
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there's always risk with being paid with shares. apparently GM traded a lot of shares during the GFC knowing they were going to be worthless (when old gm closed and the shares went with it).
still, mulally is doing the job he was paid to do, so i guess he earned them.
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08-03-2012, 10:19 AM | #15 | ||
Broken
Join Date: Dec 2005
Posts: 7,845
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Sounds like he won't lose too much sleep at night worrying about finances.
Personally, I don't begrudge any execs for their remuneration, they had to negotiate it afterall, a board had to approve it. It's not like they awarded it to themselves without prior approval!
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08-03-2012, 11:58 AM | #16 | ||||
FF.Com.Au Hardcore
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08-03-2012, 12:15 PM | #17 | ||
Cynical Idealist
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Location: Orlando, FL, USA
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Ford is only one more Explorer recall fiasco away from being on the brink again. It's like that for all the manufacturers now.
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08-03-2012, 12:27 PM | #18 | ||
FF.Com.Au Hardcore
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Well, Toyota survived their Unexplained Acceleration debacle, GM survived bankruptcy
and Ford survived their reformation. All any of them can do is hopefully avoid major events. |
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08-03-2012, 12:44 PM | #19 | ||
as in chopped
Join Date: Jun 2007
Posts: 1,991
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That's alot of money for one person.
Could one person really have saved Ford ? (surely it took teamwork)
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08-03-2012, 12:50 PM | #20 | |||
Powered by Marshall
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I'm sure the CFO and a whole line of execs were handsomely rewarded as well, just not in the headlines
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08-03-2012, 01:04 PM | #21 | |||
Barra Turbo > V8
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08-03-2012, 01:39 PM | #22 | |||
Cynical Idealist
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Location: Orlando, FL, USA
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The good that came from it was that it got rid of Jac Nasser, who cared about everything but building Ford vehicles, and that it forced Ford to become leaner ahead of the financial crisis that nearly destroyed GM and Chrysler.
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08-03-2012, 02:25 PM | #23 | |||
FF.Com.Au Hardcore
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08-03-2012, 02:27 PM | #24 | |||
FF.Com.Au Hardcore
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Between Lewis Booth, Derrick Kuzak and Alan Mulally, the top three, whatever they received, they have earned it.
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08-03-2012, 02:39 PM | #25 | ||||
FF.Com.Au Hardcore
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The Board of Ford agreed with every move Nasser made, right up until he took aim at Firestone for concealing evidence of shoddy tyres. The family who owns Firestone are good friends of the Ford's and it was major intervention by Bill Ford that stopped everything. Plenty of execs in Ford lied to Nasser and then to Bill Ford and that's why Ford hired Mulally, to weed that culture out. Not saying that nasser wan't without serious character flaws but he is headding up BHP Billiton and doing very well indeed. |
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08-03-2012, 05:47 PM | #26 | |||
FF.Com.Au Hardcore
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09-03-2012, 12:23 AM | #27 | |||
Cynical Idealist
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Location: Orlando, FL, USA
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Nasser wanted Ford to sell cars directly to consumers over the Internet, at the cost of Ford dealers across the USA. Nasser complained about seeing too many white men at board meetings. He cared nothing about product.
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09-03-2012, 12:42 AM | #28 | ||
FF.Com.Au Hardcore
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Seeing as I hate dealers and they are more often than not useless, or not willing to help anyhow, why is the idea of selling direct to the public via the internet such a bad idea to you?
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09-03-2012, 01:00 AM | #29 | ||
Cynical Idealist
Join Date: Jan 2012
Location: Orlando, FL, USA
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Dealerships are small businesses that employ lots of people. Many dealerships in the US are family owned and some are nearly a century old.
It is not easy to make a profit as a dealer, especially if you're saddled with undesirable product. To have Ford corporate undercut all those loyal dealerships was a big deal. If you bought your Ford through a corporate website and had a warranty issue, where would you take it for service? Why, you'd take it to that dealership from which you refused to buy. You likely would have taken delivery of the vehicle from that same dealership. It was a neat idea, but wasn't practical at the time. Many dealers offer pricing on their own websites, anyway.
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Your plastic pal who's fun to be with! |
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09-03-2012, 09:07 AM | #30 | |||
FF.Com.Au Hardcore
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If I could buy direct a save a few thousand and recieve the same aftermarket service ( read none) then I wouldbe happy with that.
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Octane BFII XR6 Turbo manual sedan. SOLD 2014 BMW S1000R 2006 Toyota Landcruiser GXL 1HD-FTE |
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