After Congress's tearing up of the three automakers asking for taxpayer money, Ford CEO Alan Mulally promised that if his company is to receive help he will work for $1 a year. Ford also said it would sell its five corporate jets after all three companies were harshly criticized for flying separately from Detroit to DC. All Ford managerial bonuses for 2009 have apparently been canceled in attempt to show Congress that they are willing to change to receive help. Ford also plans to accelerate production on hybrids to get more fuel efficiant cars on the road sooner. Sounds like Ford is kissing as much ass as possible to be bailed out of their financial problems, so don't be surprised if you see Mr Mulally in the drive through for Micky D's.
2 comments:
WOW that's was my initial reaction when i first read your article. That just really shows how desperate the auto industry is and that they are willing to make sacrifices is a good thing. I mean for someone to say that they will work for a dollar a year is showing that they are desperate. I'm sure the man has millions of dollars already stashed up in bank accounts and also probably has a bunch of money in Ford stocks, but still this really shows how serious the economic crisis is.
This post really captured my attention. It is really sad how bad the economic situation is and this post just shows how serious they are, as well as everyone else, is hurting. I have a few family friends that are also in the auto industry and it is true that they are all really suffering and making sacrifices to survive. I think we are all waiting for the day for this to turn around.
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