Ford chief executive Alan Mulally has restored Ford to profitability. Or did the pay cuts its workers did?Entry-level workers at Ford used to make $28 an hour. That rate fell by half when the auto industry financial crunch first hit five years ago and now sits a bit above $19. All Ford workers, not just entry-level workers, have given up cost-of-living wage adjustments and health benefits.
Mulally’s pay package for 2012 was nearly $21 million. His personal rewards for the year almost doubled the pay that went last year to his chief German rival, Daimler CEO Dieter Zetsche, and even more stunningly dwarfed the $1.48 million Toyota CEO Akio Toyoda took home. Last year,Alan Mulally pulled in over 500 times the pay of Ford’s lowest-paid workers. CNN Money reports, Mulally “has amassed holdings valued at more than $300 million.”
The two Koch brothers each saw his investments grow by $6 billion in one year, which is three million dollars per hour based on a 40-hour 'work' week.
Who is paying for the recession?
Mulally’s pay package for 2012 was nearly $21 million. His personal rewards for the year almost doubled the pay that went last year to his chief German rival, Daimler CEO Dieter Zetsche, and even more stunningly dwarfed the $1.48 million Toyota CEO Akio Toyoda took home. Last year,Alan Mulally pulled in over 500 times the pay of Ford’s lowest-paid workers. CNN Money reports, Mulally “has amassed holdings valued at more than $300 million.”
The two Koch brothers each saw his investments grow by $6 billion in one year, which is three million dollars per hour based on a 40-hour 'work' week.
Who is paying for the recession?
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