Monday, April 9, 2007

Is Ford Motor Company trying to go bankrupt?

So this recent post isn't about sports. I thought I would change things up. Anyway, Ford's new CEO, Alan Mulally, got paid 28$ Million dollars for 4 months work. Ordinarily I wouldn't be surprised at such a large sum, but from a company which posted a gaudy $12.7 billion loss in 2006 and cut some 30,000 jobs it just doesn't make much business sense or PR sense. Lets do a little math here: Mulally's salary is worth about $933.33 per person that Ford laid off. That seems pretty ridiculous to me. They are willing to sacrifice ONE person for 30,000 people who actually build the product. Maybe Mulally will turn Ford around, but the more people that know he made $28 million while sacrificing 30,000 jobs, the more people who are going to HATE Ford anyway. It just seems a bit ridiculous to me I suppose. Also, at the bottom of that article you'll read that "Ford executives' use of corporate jets for personal travel cost the company almost $1 million in 2006, as Ford, Mulally and Jim Padilla, who retired as president and chief operating officer on July 1, were required to use the jets for all of their business and personal travel 'for security reasons.'" WOW!!! Does the company want to fail? I'm seriously confused. Once again, they will sacrifice $1 Million on three people instead of using that money to keep jobs alive? From a PR perspective, I feel like that are seriously damaging their image. They need to do something to show that they actually care about the "little people" or employees, owners, and perspective buyers are going to NOT want to defend the company or buy from the company. At least that is how I feel. Tell me what you think. Until next time...

2 comments:

Carrie said...

Thanks for writing this.

Anonymous said...

I am reading this article second time today, you have to be more careful with content leakers. If I will fount it again I will send you a link