This image was lost some time after publication, but you can still view it here.


The AP's reporting, by way of the Detroit News, FoMoCo Director Sir John Bond, the former HSBC chief exec, is being paid the princely salary of $25,000 per day to serve as a consultant to Chairman Bill Ford, Jr. Although Sir John's total fees under the deal are capped at $262,500 every 12 months and his role is to act as Chairman Ford's consultant for a day and a half near each of the seven regularly scheduled board meetings held every year, it's still a hella lot of money. So what's he supposed to be doing while making that cool $37,500 the day plus half before each meeting? Wethinks maybe Wee Willie Clay's delegated to Sir John the big responsibilities he's been doing for the board meetings — you know — stapling the minutes together, filling the water glasses and making sure a fresh pot of coffee's all ready to go the morning of the meeting. Whatever his role is, wethinks it's a great way to make sure those 2007 labor negotiations go off without a hitch.

Advertisement

Ford to pay director John Bond $25,000 per day as consultant [AP via Detroit News]

Related:
Mark Fields Drinks from the Bonus Cup at Ford [internal]