Originally Posted By: Kestas
It's hard for Union workers to sit idly by when top management award themselves salaries and bonuses that are out of this world. The wage disparity between Union worker and management has been the highest it's ever been in history.
Bill Ford Jr took absolutely zero salary for almost three years....at the same time he was investing his own personal wealth into Ford stock. It's clear to me he is a man who puts his money where his mouth is. He supported the stock while it was down and will reap a big reward for taking that risk. I have no class envy and have no problem at all with these large pay offs.
As for Mulally, he was paid a reasonable salary, IMO. The stock options have value sure, but they could have been worthless.
Ask yourself, how many UAW employees of Ford do you think would have been willing to take the same risk. Lets say, cut their pay in half and give them stock options as compensation for the other half. My guess is you would get very few UAW workers willing to take that same risk, you tell me who is more "company man" and who is more "me, me, me, me"