Saturday, April 07, 2007

Problems at Ford

$10.6 billion loss in 2005

Ford's 2006 loss totals record $12.7 billion, $5.8 billion loss for the third quarter alone, largest in 14 years ( )

38,000 union members had taken buyouts at year's end

Ford Motor Co. paid Alan Mulally (new CEO) $28.2 million in his first four months, Mulally's total compensation in 2005 at Boeing, his last full year with that company, was $9.96 million