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Detroit, 7:22 PM
Fri Dec 11
29 posts in the last 24 hours

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  • posts about #billford more →

    Ford Executives Taking Pay Cuts

    Ford Unveils Plan For Four Electric Cars By 2012

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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of Van Sarockin, rogue trebuchet Van Sarockin, rogue trebuchet
    02/25/09

    In reply to Ford Executives Taking Pay Cuts
    The important news is burried at the bottom of the article: Ford and the UAW worked out a deal to fund the health insurance of the workers. That's been a huge, outstanding problem. And by doing it as a stock transfer, Ford now has the union and workers even more focused on the long term viability of the company. Unlikely, but maybe we'll see more effort on working out the issues to everyone's advantage.
     Reply
    Van Sarockin, rogue trebuchet was starred Van Sarockin, rogue trebuchet was unstarred
    Image of engineerd engineerd
    02/25/09

    @Van Sarockin, rogue trebuchet: I had heard about that this morning. It also will mean GM and Chrysler can work on their own deals. Unfortunately for them, the UAW -- in keeping with their pattern -- negotiated with the strongest of the three first and will expect the other two to fall in line even if it doesn't meet their needs.
     Reply
    engineerd was starred engineerd was unstarred
    Image of Bret Bret
    02/25/09

    In reply to Ford Executives Taking Pay Cuts
    This is a good move and well timed. I wonder if the 30% cut is designed as a tool for leveraging future negotiations?


    They are still making 70% of a nice base salary, they won't need to order lunch off the value menu at the drive thru.

     Reply
    Bret was starred Bret was unstarred
    Image of Graverobber Graverobber
    02/25/09

    In reply to Ford Executives Taking Pay Cuts
    The cuts also affect Ford's board of directors, who will forgo the cash portion of its members' compensation this year. . .


    Fortunately, the hookers and blow portion of the compensation package will remain, ensuring the stability of those markets.

     Reply
    Graverobber was starred Graverobber was unstarred
    Image of engineerd engineerd
    02/25/09

    In reply to Ford Executives Taking Pay Cuts
    So they are going to make 70 cents per year now? Weren't they already only making $1 per year? At least Ford was.
     Reply
    engineerd was starred engineerd was unstarred
    Image of Syrax Syrax
    02/25/09

    @engineerd invented the race car: I thought that too. Apparently, it was PR BS.
     Reply
    Syrax was starred Syrax was unstarred
    Image of MushyHeirloom MushyHeirloom
    02/25/09

    @engineerd invented the race car: That was if Ford accepted bailout money.
     Reply
    MushyHeirloom was starred MushyHeirloom was unstarred
    Image of engineerd engineerd
    02/25/09

    @Foozy Ploosh Room: OK, just looked it up and Foozy Ploosh Room is right. I though Bill Ford was still working for a buck, though. I know he was when he was CEO. Its moot anyway since Bill Ford has been deferring his salary and bonuses until the company turns around.
     Reply
    engineerd was starred engineerd was unstarred
    Image of Van Sarockin, rogue trebuchet Van Sarockin, rogue trebuchet
    02/25/09

    In reply to Ford Executives Taking Pay Cuts
    This is good optics. It doesn't make a difference to the bottom line, but gives them credibility and authority to rein in other salaries and expenses.
     Reply
    Van Sarockin, rogue trebuchet was starred Van Sarockin, rogue trebuchet was unstarred
    Image of engineerd engineerd
    02/25/09

    @Van Sarockin, rogue trebuchet: Yup. It will give them something to point to when the union guys complain about how management never makes any sacrifices.
     Reply
    engineerd was starred engineerd was unstarred
    Image of Schm, enjoying his first desert winter. . Schm, enjoying his first desert winter. .
    01/11/09

    In reply to Ford Unveils Plan For Four Electric Cars By 2012
    "See Congress, we're doing something. Just excuse our vapor, it'll be here eventually. Promise!"
     Reply
    Schm, enjoying his first desert winter. . was starred Schm, enjoying his first desert winter. . was unstarred
    Image of Van Sarockin, rogue trebuchet Van Sarockin, rogue trebuchet
    01/11/09

    In reply to Ford Unveils Plan For Four Electric Cars By 2012
    Hope they can make it work. The battery pack looks pretty high mounted, so rear handling might be a bit burdened. Keep the price down and get it out the door, now.
     Reply
    Van Sarockin, rogue trebuchet was starred Van Sarockin, rogue trebuchet was unstarred
    Image of The-Simpsons-Rule!! The-Simpsons-Rule!!
    01/11/09

    In reply to Ford Unveils Plan For Four Electric Cars By 2012
    "The new electric vehicle will have a range of up to 100 miles on a single charge, without using a single drop of gasoline."
    That's way better than the Chevy Volt.
     Reply
    The-Simpsons-Rule!! was starred The-Simpsons-Rule!! was unstarred
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