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Saturday, April 7, 2007
$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 ( http://www.nytimes.com/2006/10/24/business/24ford.html?ex=1319342400&en=16b6d9e4f774e7cf&ei=5088&partner=rssnyt&emc=rss )
38,000 union members had taken buyouts at year's end
http://www.marketwatch.com/news/story/ford-posts-huge-loss-new/story.aspx?guid=%7B7452E960-737B-4C6E-9AC0-3D3D61AA7887%7D
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
http://www.bloomberg.com/apps/news?pid=20601103&sid=afi3zbIG45Tw&refer=us
Labels: bailout for company wreckers, Ford, morons
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