The Ford Plant is gone from Hapeville. Sonny Perdue is bragging about attracting new jobs.
What we missed was the huge stock bonuses earned by top executives who laid off our Georgia employees.
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Ford lost $12 billion dollars last year. "Chief executive Alan Mulally, who took over from Bill Ford on September 1, received a total compensation package of 28.2 million dollars which included a salary of 666,667 dollars for his four months of work at Ford."
A salary with the number 666 in it certainly deserves a devilish bonus of $27 million dollars.
What did the company have to say? They paid a "modest bonus" to "recognize [the hard] work in reducing costs and "courageously" restructuring the company as it shutters plants and lays off 40,000 workers."
That's a bonus of $675 per employee terminated by the CEO. Nice pay for firing people and closing plants in Georgia. Reminds me of the deal Delta gave it's executives for driving Delta to bankruptcy.
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