Should Congress Accept Bold Offer from Ford CEO Alan Mulally?
By John W. Lillpop
After getting scalded for cruising into Washington, D.C. on a private jet in order to beg for billions in corporate welfare, Alan Mulally, CEO of Ford Motor Company, has finally seen the light and is thinking straight.
His latest offer to Congress: Give me $9 billion in bail out dough, and I will work for $1 a year!
What a deal!
Other "concessions" include selling the five corporate jets and canceling management bonus pay for 2009. SOURCE***
What about 2008 bonuses, Mr. Mulally?
In fact, why would bonuses be contemplated at all when Ford management has reduced the once powerful corporation to a gaggle of pitiful beggars seeking to feast at the public trough?
Here's a counter-offer: The U.S. Treasury keeps that $9 billion, and you can earn whatever you are worth in the free market!
Now THAT is a better idea!
Posted by John W Lillpop at 9:52 AM