FORD'S CEO COMPENSATION
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Elder User
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FORD'S CEO COMPENSATION
In just over six years, the Ford CEO has amassed holdings valued at more than $300 million. Mulally now has about 7.3 million shares worth more than $93.5 million, at the recent share price. He has 17.1 million in-the-money stock options. That translates to stock worth another $220.2 million, though he'll have to pay $107.3 million to exercise those options. And Mulally has a separate retirement account with $3 million in company contributions. That brings his Ford holdings to $317 million. That figure doesn't include additional Ford shares that Mulally sold for $64 million in order to cover the cost of converting the options and paying taxes on them.
Oh I know Ford has been very good to its employees but this is pure BS here. And if one looks at the other "higher ups" at Ford their compensation each year is also in the millions.
Human beings. One flawed species and then some. God is spelled M-O-N-E-Y.
Oh I know Ford has been very good to its employees but this is pure BS here. And if one looks at the other "higher ups" at Ford their compensation each year is also in the millions.
Human beings. One flawed species and then some. God is spelled M-O-N-E-Y.
Ford Parts Specialist
Joined: Nov 2006
Posts: 88,826
Likes: 785
From: Simi Valley, CA
2005: FoMoCo put up all the company assets including the rights to the blue oval to procure as 23.8 billion dollar loan to stave off bankruptcy.
Now y'all know why FoMoCo didn't need 'bailout' bucks.
Not a liberal...
Joined: Jul 2006
Posts: 6,635
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From: Cut & Shoot, Texas
So?
He earned it. He paid attention in school and he has a better job, and makes more money, than the rest of us.
So what's the problem? Are you wanting him to "redistribute" some of his wealth to you?
He earned it. He paid attention in school and he has a better job, and makes more money, than the rest of us.
So what's the problem? Are you wanting him to "redistribute" some of his wealth to you?
Hotshot
Joined: Jan 2004
Posts: 19,762
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From: St Louis
Human beings. One flawed species and then some. God is spelled M-O-N-E-Y.
or...
Human beings. One flawed species and then some. Satan is spelled J-E-A-L-O-U-S-Y, which would seem to be the usual motivation for starting threads such as this one.
Junior User
Joined: Feb 2013
Posts: 80
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From: McKinney Texas
Why people gotta be haters??? I'm so broke can't afford to pay attention half the time but I say GOOD FOR HIM and Thank You for bringing FoMoCo back up
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is a BAAAD MAN
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Post Fiend
Joined: Mar 2009
Posts: 6,243
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From: Chicago and Mt Carroll IL
Good for him. At least he's not getting paid for failure. Of note............
Ford's 45,800 UAW workers are receiving a record $8,300 in profit sharing this year, the largest amount a domestic automaker has paid out since profit sharing was introduced in 1983.
Almost half of the workers are in Michigan and will receive their checks March 14.
A revised profit-sharing formula was negotiated as part of Ford's 2011 national contract with the UAW.
The amount is based on North American profits, a simplified formula that is more transparent and easier to calculate. Last year, Ford made $8.3 billion before taxes in North American.
Salaried employees also received bonuses this year, in addition to merit raises that take effect April 1.
Ford's 45,800 UAW workers are receiving a record $8,300 in profit sharing this year, the largest amount a domestic automaker has paid out since profit sharing was introduced in 1983.
Almost half of the workers are in Michigan and will receive their checks March 14.
A revised profit-sharing formula was negotiated as part of Ford's 2011 national contract with the UAW.
The amount is based on North American profits, a simplified formula that is more transparent and easier to calculate. Last year, Ford made $8.3 billion before taxes in North American.
Salaried employees also received bonuses this year, in addition to merit raises that take effect April 1.
Post Fiend
Joined: Jan 2006
Posts: 20,589
Likes: 2
From: Charlotte, NC
Highway robbery.
I think the corporate World needs to do a whole lot of soul-searching vis-a-vis executive pay and compensation.
Some of the posts hinting that Mulally...and only Mulally.....'saved' Ford is cheerleading B.S. And a company doing 'well' isn't justification for throwing the entire bank at him and saying 'here ya go.......don't spend it all at once'......which is generally how executive compensation is figured (no matter HOW well....or bad....a company does).
I think the corporate World needs to do a whole lot of soul-searching vis-a-vis executive pay and compensation.
Some of the posts hinting that Mulally...and only Mulally.....'saved' Ford is cheerleading B.S. And a company doing 'well' isn't justification for throwing the entire bank at him and saying 'here ya go.......don't spend it all at once'......which is generally how executive compensation is figured (no matter HOW well....or bad....a company does).
Post Fiend
Joined: Feb 2002
Posts: 10,600
Likes: 3
From: Carhenge
Good for him. At least he's not getting paid for failure. Of note............
Ford's 45,800 UAW workers are receiving a record $8,300 in profit sharing this year, the largest amount a domestic automaker has paid out since profit sharing was introduced in 1983.
Almost half of the workers are in Michigan and will receive their checks March 14.
A revised profit-sharing formula was negotiated as part of Ford's 2011 national contract with the UAW.
The amount is based on North American profits, a simplified formula that is more transparent and easier to calculate. Last year, Ford made $8.3 billion before taxes in North American.
Salaried employees also received bonuses this year, in addition to merit raises that take effect April 1.
Ford's 45,800 UAW workers are receiving a record $8,300 in profit sharing this year, the largest amount a domestic automaker has paid out since profit sharing was introduced in 1983.
Almost half of the workers are in Michigan and will receive their checks March 14.
A revised profit-sharing formula was negotiated as part of Ford's 2011 national contract with the UAW.
The amount is based on North American profits, a simplified formula that is more transparent and easier to calculate. Last year, Ford made $8.3 billion before taxes in North American.
Salaried employees also received bonuses this year, in addition to merit raises that take effect April 1.
Post Fiend
Joined: Mar 2009
Posts: 6,243
Likes: 2
From: Chicago and Mt Carroll IL
Seems like the lowered costs are borne primarily by new hires and not taken away from senior employees.
Ford Says Hourly Labor Costs $8 More Than Nonunion Plants - Bloomberg
Don't get me wrong. Mulallys' compensation is absurdly atmospheric. I just find it refreshing that he does something other than running his company into the ground to earn it.
Ford Parts Specialist
Joined: Nov 2006
Posts: 88,826
Likes: 785
From: Simi Valley, CA
Highway robbery.
I think the corporate World needs to do a whole lot of soul-searching vis-a-vis executive pay and compensation.
Some of the posts hinting that Mulally...and only Mulally.....'saved' Ford is cheerleading B.S. And a company doing 'well' isn't justification for throwing the entire bank at him and saying 'here ya go.......don't spend it all at once'......which is generally how executive compensation is figured (no matter HOW well....or bad....a company does).
I think the corporate World needs to do a whole lot of soul-searching vis-a-vis executive pay and compensation.
Some of the posts hinting that Mulally...and only Mulally.....'saved' Ford is cheerleading B.S. And a company doing 'well' isn't justification for throwing the entire bank at him and saying 'here ya go.......don't spend it all at once'......which is generally how executive compensation is figured (no matter HOW well....or bad....a company does).
While Bill Ford was at the helm, the Ford family lost 500 million dollars of their stock value, it sank to a low of two bucks a share.
I remember that only a few years prior, it was over 175 bucks a share.
Nasser started FoMoCo's downward spiral by acquiring Aston Martin, Jaguar, Land Rover and Volvo, meanwhile neglecting Lincoln/Mercury, Crown Vic, Ranger et al.
Estimates are that FoMoCo lost over TWENTY BILLION DOLLARS on Jaguar alone, it never made one cent of profit. Land Rover made a profit exactly one month during the entire time FoMoCo owned it.
After being 'shopped' for over a year, Jaguar/Land Rover were sold off for peanuts to Tata Motors of India. Chinese autoparts maker Geely Industries bought Volvo, also for peanuts.
Only Aston Martin made a profit for FoMoCo, it was sold to a UK private investment group. Desperate for cash, FoMoCo sold 30% of their investment in Mazda back to Mazda, retaining 3%.
Super Moderator
Joined: Jan 2008
Posts: 40,024
Likes: 1,519
From: Maine, Virginia
Executive level pay is absurdly high but it's what the stock holders want. I seriously doubt that lowering Mulally's pay will drop the price of a new Ford nor has his pay raised the price.
As for the hourly workers, the UAW and Ford agreed to a two tier pay system lowering the entry level hourly pay for new workers while leaving the veteran workers pay alone.
As for the hourly workers, the UAW and Ford agreed to a two tier pay system lowering the entry level hourly pay for new workers while leaving the veteran workers pay alone.
Post Fiend
Joined: Jan 2006
Posts: 20,589
Likes: 2
From: Charlotte, NC
I remember that only a few years prior, it was over 175 bucks a share.
Nasser started FoMoCo's downward spiral by acquiring Aston Martin, Jaguar, Land Rover and Volvo, meanwhile neglecting Lincoln/Mercury, Crown Vic, Ranger et al.
Estimates are that FoMoCo lost over TWENTY BILLION DOLLARS on Jaguar alone, it never made one cent of profit. Land Rover made a profit exactly one month during the entire time FoMoCo owned it.
After being 'shopped' for over a year, Jaguar/Land Rover were sold off for peanuts to Tata Motors of India. Chinese autoparts maker Geely Industries bought Volvo, also for peanuts.
Only Aston Martin made a profit for FoMoCo, it was sold to a UK private investment group. Desperate for cash, FoMoCo sold 30% of their investment in Mazda back to Mazda, retaining 3%.