When all else fails
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Joined: Jun 2000
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From: SoCal
I don't care if this is a morale booster or a pat on the back for the top execs that the media got word of. I just don't see how and why Ford is passing out cash right now. I guess this is the differance in management style but when the company is hemoraging cash and in dire need of new product shouldn't they tighen the straps. I just don't see this from Toyota, Honda or even GM.
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Joined: Aug 1999
Posts: 2,610
From: Cincinnati, OH
Appears Mullaly wants to keep stability in Ford's upper ranks through their turn around phase. I'm guessing the last thing he wants is to deal with management shakeups while dealing with the hourly shakeup.
The bonuses don't really bother me.
The bonuses don't really bother me.
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Joined: Feb 2002
Posts: 2,428
I don't care if this is a morale booster or a pat on the back for the top execs that the media got word of. I just don't see how and why Ford is passing out cash right now. I guess this is the differance in management style but when the company is hemoraging cash and in dire need of new product shouldn't they tighen the straps. I just don't see this from Toyota, Honda or even GM.
For some reason when I think of Ford I think of a really really bad slipping(burnt out) clutch being spun by a ****y engine. Any minute they are gonna try and go WOT, the things gonna slip and blow the engine.
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Joined: Mar 2002
Posts: 3,180
From: Yadkinville, NC USA
Ford is trying to keep top management from jumping ship - I can understand that.
But in the same breath - aren't these the same ones that allowed Ford to get into this pickle in the first place? Do we WANT to keep people that try to kill-off the Panther, starve the Taurus to death, make a debacle of Lincoln and Mercury, put all their financial eggs in an SUV basket, kill the BEST concept cars to come from Ford in 15 years (427, Forty-Nine, Daisy, GR-1, etc), refuse to bring cars like Euro-Focus, Aussie-Falcon, Asian-Escape to the USA even though they are superior to our present offerings.
I guess I'm a little whack today, but I say screw 'em.
Ford's lack of performance in the US market is NOT the fault of the designers - they have done some decent work, it just didn't get green-lighted. It sure as heck is not the fault of the plant workers - they just build what gets tooled-up. So I can't see depriving them of rewards for their hard work - they've done their job.
I'd say let's hold out on the execs that are deciding on marketing budgets, production decisions, and product management. These are the ones that are making the decisions affecting business. When they make good calls and Ford clears $20-billion - great, give them all a few million and party. But when the company is dying I can't see handing out big money to those making the bad calls.
This is one area where I still hold high regard for Bill Ford.
He has not taken a payment yet.
But in the same breath - aren't these the same ones that allowed Ford to get into this pickle in the first place? Do we WANT to keep people that try to kill-off the Panther, starve the Taurus to death, make a debacle of Lincoln and Mercury, put all their financial eggs in an SUV basket, kill the BEST concept cars to come from Ford in 15 years (427, Forty-Nine, Daisy, GR-1, etc), refuse to bring cars like Euro-Focus, Aussie-Falcon, Asian-Escape to the USA even though they are superior to our present offerings.
I guess I'm a little whack today, but I say screw 'em.
Ford's lack of performance in the US market is NOT the fault of the designers - they have done some decent work, it just didn't get green-lighted. It sure as heck is not the fault of the plant workers - they just build what gets tooled-up. So I can't see depriving them of rewards for their hard work - they've done their job.
I'd say let's hold out on the execs that are deciding on marketing budgets, production decisions, and product management. These are the ones that are making the decisions affecting business. When they make good calls and Ford clears $20-billion - great, give them all a few million and party. But when the company is dying I can't see handing out big money to those making the bad calls.
This is one area where I still hold high regard for Bill Ford.
He has not taken a payment yet.
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Joined: Feb 1999
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From: Springfield,OH. U.S.A.
I guess Mark Fields, Pres.FMCO, has finally given up his "weekly" flights home to Florida on the Company Jet, costing the company $50K-$70K per trip, or roughly a cool $1-Milllion per year.
Kudos to Bill, he didn't just say he'd give his "salary" which for them is more a token show card, but all his compensation!..that's commitment..
Posted Nov 15th 2006 3:01PM by Scott Davis
Filed under: Ford, Earnings/Financials:
Wilson, however, estimates that each weekly trip costs between $50,000 and $70,000, essentially an entire year's salary for many who work at Ford. Those high figures include the cost of flying one passenger with a crew of three, and either putting the crew up in a luxury hotel for the weekend or having the jet return to Detroit and fly back to fetch Fields before Monday.
Filed under: Ford, Earnings/Financials:
Wilson, however, estimates that each weekly trip costs between $50,000 and $70,000, essentially an entire year's salary for many who work at Ford. Those high figures include the cost of flying one passenger with a crew of three, and either putting the crew up in a luxury hotel for the weekend or having the jet return to Detroit and fly back to fetch Fields before Monday.
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I'd say let's hold out on the execs that are deciding on marketing budgets, production decisions, and product management. These are the ones that are making the decisions affecting business. When they make good calls and Ford clears $20-billion - great, give them all a few million and party. But when the company is dying I can't see handing out big money to those making the bad calls.
They are only giving out a few hundred dollars per head to techs and a few bucks more for salaried...I don't know if the executives are getting anything at all but neverthe less, we aren't talking a lot of money here.
The techs nor the salaried heads are not the guys who have made the bad decisions; they just carry out the decisions made at the executive level.
This is a morale boost - nothing more.
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Joined: Mar 2002
Posts: 3,180
From: Yadkinville, NC USA
Proud,
They are only giving out a few hundred dollars per head to techs and a few bucks more for salaried...I don't know if the executives are getting anything at all but neverthe less, we aren't talking a lot of money here.
The techs nor the salaried heads are not the guys who have made the bad decisions; they just carry out the decisions made at the executive level.
This is a morale boost - nothing more.
They are only giving out a few hundred dollars per head to techs and a few bucks more for salaried...I don't know if the executives are getting anything at all but neverthe less, we aren't talking a lot of money here.
The techs nor the salaried heads are not the guys who have made the bad decisions; they just carry out the decisions made at the executive level.
This is a morale boost - nothing more.
You know you said the same thing I said, right?
The only thing outstanding is that this bonus went out to top management first, and was NOT going out to the grunts until the union started to sound off. If they had offered the bonus to the grunts and techs FIRST, I'd be singing a different song.
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Joined: Mar 2001
Posts: 1,938
You know you said the same thing I said, right?
The only thing outstanding is that this bonus went out to top management first, and was NOT going out to the grunts until the union started to sound off. If they had offered the bonus to the grunts and techs FIRST, I'd be singing a different song.
The only thing outstanding is that this bonus went out to top management first, and was NOT going out to the grunts until the union started to sound off. If they had offered the bonus to the grunts and techs FIRST, I'd be singing a different song.
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