March 25, 2009

Those Damn Unions!!

Indeed, the American automotive industry is struggling because of the evil UAW

Mulally's total compensation fell by 37% to $13.57 million in 2008, according to a proxy filing from Ford on Tuesday. He earned $2 million in salary but received no bonus. In 2009 and 2010, Mulally will also see a 30% cut while Ford eliminates merit increases and incentive bonuses for salaried workers.
What sacrifice and leadership! He has cut his pay to a mere $6,500 an hour. Bravo!!