That’s more like it – Ford CEO offers $1/year salary
Posted by John Hummel on December 2, 2008
Cutting down on the private jets, now Ford CEO Alan Mulally will cut bonuses for all executives, cut his own salary to $1 year, and other moves if the US offers a bailout loan to his company.
I guess we’ll see what else is going to come up at the congressional hearings today. Anyone else going to watch?
13x13 said
Big Whoop, the stock options and exit package he is keeping are enough to make him richer, even if the company goes to pot. Him taking a salary of $1, is like saying I will only drink water for dinner, while I eat my 20oz porterhouse.