Another Ford CEO with a big payday

[senseamp]

Toyota's CEO gets paid $903K to beat Ford to a bloody pulp.

 

[spidey07]

Originally posted by: Stunt
18.5million will be cheap if he is successful; you cannot put a price on that.

So much truth in that.

It's just business. No need to hate on people that are successfuly.

 

[mugs]

Originally posted by: senseamp
Toyota's CEO gets paid $903K to beat Ford to a bloody pulp.

Really though, I hope Ford (and GM and Chrysler) start putting out some great cars so I can proudly buy an American car.

Right now I'd love to buy a Solstice, but I'm too practical to buy an impractical car.

 

[Chadder007]

Originally posted by: Cattlegod

Originally posted by: fitzov

Originally posted by: b0mbrman

Originally posted by: fitzov

Originally posted by: Passions
He turned Boeing Commercial airplane division around 180 degrees.

Boeing is poised to topple Airbus once again because of him.

In 5 years, his fruits will be known to the world.

What did he do specifically, if you don't mind my asking?

Turned it around 180 degrees. He didn't half-ass it and stop at 75 or even 135 degrees; He kept going till the company was facing in the totally opposite direction.

lol

ok, let me explain a bit more. Before I join in the accolades I wan't to know, without analogy, what he did to make Boeing a better company. Or was the company's "turnaround" simply a correlation. Remember the old mantra: don't confuse correlation with causation.

he fired ~60% of the salaried work force i think.

dropped manufacturing output by 80% to meet demand are the two major things i remember.

Anyone can be hired to simply fire people. Its not worth paying someone THAT much to fire people.

 

[HardcoreRobot]

dont support them, or the govt that suppports them either

 

[ElFenix]

On top of that, Ford will pay him $11 million to offset forfeited performance and stock option awards from Boeing.

so, 11 million of it is just to pay for what he would have gotten just sitting on his ass at home

 

[someone16]

Anyone can be hired to simply fire people. Its not worth paying someone THAT much to fire people.

No ******...but how would you know how much to fire? Which persons to fire? The consequences of the firings? You can't just hire anybody to make those decisions. People are really underrating what CEO's do. Most of us will probably bankrupt the company if they ever become CEO.

 

[fitzov]

Originally posted by: someone16

Anyone can be hired to simply fire people. Its not worth paying someone THAT much to fire people.

No ******...but how would you know how much to fire? Which persons to fire? The consequences of the firings? You can't just hire anybody to make those decisions. People are really underrating what CEO's do. Most of us will probably bankrupt the company if they ever become CEO.

yes, becoming a CEO is entirely based on one's merits...rriiiiiiight.

 

[Zugzwang152]

Originally posted by: fitzov

Originally posted by: someone16

Anyone can be hired to simply fire people. Its not worth paying someone THAT much to fire people.

No ******...but how would you know how much to fire? Which persons to fire? The consequences of the firings? You can't just hire anybody to make those decisions. People are really underrating what CEO's do. Most of us will probably bankrupt the company if they ever become CEO.

yes, becoming a CEO is entirely based on one's merits...rriiiiiiight.

it's entirely based on what you've done (or what you are perceived to have done), and your ability to play politics with your executive team, with your employees, and with your customers and business partners.

 

[Finality]

Originally posted by: Zugzwang152

Originally posted by: fitzov

Originally posted by: someone16

Anyone can be hired to simply fire people. Its not worth paying someone THAT much to fire people.

No ******...but how would you know how much to fire? Which persons to fire? The consequences of the firings? You can't just hire anybody to make those decisions. People are really underrating what CEO's do. Most of us will probably bankrupt the company if they ever become CEO.

yes, becoming a CEO is entirely based on one's merits...rriiiiiiight.

it's entirely based on what you've done (or what you are perceived to have done), and your ability to play politics with your executive team, with your employees, and with your customers and business partners.

Yeah its not an easy job at all. You try running a department and see all the problems that come up, try running a department of a money losing company and see how crazy you go, then multiply that by 1000 because your suddenly in charge of 100,000 people and about 20,000 supplier companies.

 

[b0mbrman]

Originally posted by: fitzov

Originally posted by: someone16

Anyone can be hired to simply fire people. Its not worth paying someone THAT much to fire people.

No ******...but how would you know how much to fire? Which persons to fire? The consequences of the firings? You can't just hire anybody to make those decisions. People are really underrating what CEO's do. Most of us will probably bankrupt the company if they ever become CEO.

yes, becoming a CEO is entirely based on one's merits...rriiiiiiight.

As becoming a CEO is so easy, why don't you go out and do it?

I hear you can make some good money doing it...

 

[ProfJohn]

After leading the turn around at Boeing the guy is "gold" within American industry. He could have take just about any job he wanted. Now he risks everything he has worke to build by taking a chance on trying to turn Ford around.
If he fails he may never get another chance to run a large company. You can look at the $18 million as an insurance policy for him in case he fails.

Anyone who tries to take over Ford or GM right now should be paid a ton of money for trying to do the near impossible.

BTW: A-Rod makes over 20 million a year to hit baseballs, maybe this CEO should be paid more.

 

[preslove]

Originally posted by: senseamp
Toyota's CEO gets paid $903K to beat Ford to a bloody pulp.

Yup. American compensation for corporate executives is insane.

 

[Slew Foot]

Originally posted by: UsandThem
He is no Bob Nardelli.

He "earned" or more correctly was given $37.9 Million for 2005, while Home Depot stock is down 17%.

I finally pulled my money out of Home Depot stock.

Dont blame him, blame the housing crash for that one. Ive made a pretty penny shorting HD.

Airbus did a decent job in killing itself as well, it having problems with it's super giant plane that was supposed to take over the world, and is now paying the consequences. Boeing is also trying to make one of these things (or at least they were, not sure if it's still in the pipeline), in a couple years when they have problems with the design as well, they might start hurting. He's making a good decision leaving now on a high note. SOmeone else will get the blame for the failure of the big Boeing plane.

 

[ElFenix]

Originally posted by: Slew Foot

Dont blame him, blame the housing crash for that one. Ive made a pretty penny shorting HD.

Airbus did a decent job in killing itself as well, it having problems with it's super giant plane that was supposed to take over the world, and is now paying the consequences. Boeing is also trying to make one of these things (or at least they were, not sure if it's still in the pipeline), in a couple years when they have problems with the design as well, they might start hurting. He's making a good decision leaving now on a high note. SOmeone else will get the blame for the failure of the big Boeing plane.

airbus's super giant plane was going to be a failure regardless. there just aren't enough routes that it can really work on for it to be anything but a failure. and that isn't even before factoring in the fact that it is more expensive to operate per seat-mile than the current 747. it's very telling that every manufacturer has looked at building something bigger than the 747 in the last 15 years, and only airbus has tried to do so. for airbus i imagine it's a penis-size thing.

boeing isn't making a 'new' big plane. the 747 is getting a big overhaul with lessons learned from the 787, however.

essentially, airbus has completely missed the market.

 

[UsandThem]

Originally posted by: Slew Foot

Originally posted by: UsandThem
He is no Bob Nardelli.

He "earned" or more correctly was given $37.9 Million for 2005, while Home Depot stock is down 17%.

I finally pulled my money out of Home Depot stock.

Dont blame him, blame the housing crash for that one. Ive made a pretty penny shorting HD.

Housing crash? Lowe's stock is up 69% over the same time period. Wall Street, the investors, and the workers hate him and 1/2 of the top execs have left since he has been there.

The guy is horrible.

 

[Finality]

Originally posted by: preslove

Originally posted by: senseamp
Toyota's CEO gets paid $903K to beat Ford to a bloody pulp.

Yup. American compensation for corporate executives is insane.

And American companies are also the most profitable in the world. Just because Toyota is the lone example doesn't prove anything.

Speaking of which Toyota has been messing up for the past two years pretty badly in terms of quality and they totally missed the boat. Take a look at all the other Japanese companies out there and compare balance sheets.

Toyota is one of the few bright spots of the Japanese economy.