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DRIVING: that's what it's ALL ABOUT! A blog and website for automotive driving enthusiasts, featuring my interests as I see them: news and opinion about manufacturers of interest, significant enthusiast cars, and driving them hard and well.

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Thursday, April 12, 2007  

 Ford CEO: 4 months, $28.8M, careless mouth
 

Alan Mullaly: total compensation for 4 months on the job in 2006: $28.2 million dollars.

Performance of Ford Motor Company in 2006: $12.7 Billion dollar loss. Current Ford marketing share: 9.8% (recovery plan specified 10% by now). Current loans: over $20 Billion dollars, backed up the corporate headquarters and factories as collateral. Unprecendented.

Reference: The Detroit News: http://detnews.com/apps/pbcs.dll/article?AID=/20070405/UPDATE/704050440/1396 

And in return Mullaly foolishly insulted the President of the United Stateswith an ill-considered and clumsy joke at the auto show last week. This is a President who has supported the (formerly) Big Three, despite repeated management goofs on their part and a serious impact to the national economy. Of course, "goofs" is not word enough to describe their mismanagement - which has has resulted in a loss of tens of thousands of jobs and billions of dollars. Mullaly isn't responsible for that loss - but all eyes are upon him as he attempts to repair Ford. And he can't afford another stupid speaking mistake that even an entry level manager wouldn't have made.

Reference: The Detroit News: http://www.detnews.com/apps/pbcs.dll/article?AID=/20070411/AUTO01/704110406/1148


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