Hugh Posted May 12, 2009 Share Posted May 12, 2009 1) Mulally pays taxes on that perk. It's taxable income (however, feel free to consult Tom Daschle's tax attorney for a different perspective). 2) Maybe Mulally is overpaid, but maybe pioneer is overpaid too. IMO, it's all academic. Pioneer wouldn't take a job elsewhere without a comparable pay package and neither would Mulally. 50 posts to the tax issue. I wonder if that's a record. Personally, I don't care what he makes. Should he pay his own way to see the family? Your commercial flights are cheaper there then here. It's all perspective I guess. Quote Link to comment Share on other sites More sharing options...
Critic Posted May 12, 2009 Share Posted May 12, 2009 Pioneer, you are wrong about this............. just admit it. Alan lives in Detroit. Ask him where his home is. I will guarantee you, that he will say it is in Seattle. Living in Detroit, during the week, is just a convenience. That does not mean it is his home. My husband was looking at a job, before he got his current one, that he would have had to rent in the Valley, to make it work. If he had done that, his home would have still been in Payson. Thus, Ford is flying him in to work. Thus, they pay for it. Do you really think that anyone "wants" to MOVE to Detroit, on purpose??? Oh, Japanese CEO's get many perks, that American CEO's can't even dream about. You never see them listed in their annual compansation.............. but they are there, none the less. It is one of the advantages to being a high member of the "collective." You want to assume Alan's family is covered under the Ford insurance plan? I bet it is, and it's a lot lot lot better than an hourly employee. Mark Fields use to jet home every weekend too, hummm they took that 'perk' away from him a few years ago, when there was an uproar over it. I bet he has it back now, and how long has he been employed? he had to make a plane wait once for his barber too. As for Alan's family insurance, how about this one. For a blue collar employee, IF your wife 'does not live' under the same roof as you. SHE is NOT covered. I'm not complaining about what the big wigs get, the free cars, the free houses the free everything else. But when you keep cutting the little guys, and don't show it across the board for everyone then it becomes a glaring issue. Alan puts his pants on one leg at a time, he's no savior. He's also the highest paid exec. Ford has ever had. There hasn't been enough belt-tightening in the glass house as far as I'm concerned. Quote Link to comment Share on other sites More sharing options...
Wanderinglost Posted May 12, 2009 Share Posted May 12, 2009 Mullaly is a hired gun, nothing more, nothing less. We can pay him or someone else will. If he's saving the company, and at this point things are looking up from the companies point of view, then he's worth the money. Ford Jr wasn't taking a salary as I recall, and look where that lead us, the brink of disaster and the hiring of a mercenary like Mullaly. He has no vested interest in the survival of Ford Motor, he's being paid to do a job, and it appears he's one of the best. If you want to pay less money, I think Rick Wagoner is looking for a job right now. Then people would finally have something tangible to bitch about....... Quote Link to comment Share on other sites More sharing options...
Blue II Posted May 12, 2009 Share Posted May 12, 2009 Pentastar Aviation is owned by Edsel Ford II. Family visits can be chartered. Is that a perk? Quote Link to comment Share on other sites More sharing options...
Biker16 Posted May 12, 2009 Share Posted May 12, 2009 Athletes don't pay to fly to and from games because that is where their job is on that day. Alan is paid to fly back and forth from Seattle because that is where his family is. Big difference. no his job is in Dearborn his home is in Seattle. Quote Link to comment Share on other sites More sharing options...
scode1 Posted May 12, 2009 Share Posted May 12, 2009 (edited) Pentastar Aviation is owned by Edsel Ford II. Family visits can be chartered. Is that a perk? No. It is a convenient coincidence. If Pentastar did not charge him for the flights then it could get tricky from a tax perspective. Edited May 12, 2009 by scode1 Quote Link to comment Share on other sites More sharing options...
groundassault Posted May 12, 2009 Share Posted May 12, 2009 HAHA! I find it so typical of Union workers saying "why does he get more, I work too!" Remember Mulally is saving one of the largest manufacturing companies in the world, not driving a forklift or putting on lug nuts. He is compensated because he can save the company. Thats what he wants....... For those of you that say well, "why doesn't he give it back"? or "If I made 5 million then I would retire"......that is exactly the difference! He has whats known as "drive" and "motivation" to make that money. Just because you feel 5 million is acceptable doesn't mean everyone "feels" ok with that. Quote Link to comment Share on other sites More sharing options...
Project-Fairmont Posted May 12, 2009 Share Posted May 12, 2009 What was a commentary on a person that IMO is the best person for the job in terms of saving Ford, has been hijacked by a RedWing solcialist that frankly does not have a clue about running a business. You may feel you are pawn, but that is your own limitation. Hang in there RedWing I am sure Obama will take care of you, as you are surely owed something eh? Quote Link to comment Share on other sites More sharing options...
Pioneer Posted May 12, 2009 Share Posted May 12, 2009 no his job is in Dearborn his home is in Seattle. This is a man who lives less than three miles from his office, arrives there each morning at 5:15 a.m. for a 12-hour workday, and does so with smile. When did Seattle move from Washington to Michigan? Quote Link to comment Share on other sites More sharing options...
jpd80 Posted May 12, 2009 Share Posted May 12, 2009 It's just a glorified version of fly in / fly where he probably commutes on the weekends or his family go visit him once in a while. Anyone who does a lot of commute flying will attest that the novelty wears off quickly and knowing Mulally, he's probably hard at work on board the jet to and from. Quote Link to comment Share on other sites More sharing options...
rmc523 Posted May 12, 2009 Share Posted May 12, 2009 Seems somebody like Mulally had to turn the Ford corporate around quick before it was too late. We now know where Ford would have ended up listening to that former brains trust. The Dearborn morons tried to turn the Falcon into a football too but FoA bucked and saved its car. I liked that quote too. This is another good one, IMO: At one of his early meetings with employees upon joining Ford in 2006, Mulally was asked whether Ford would be able to remain in business: "Was Ford going to make it?" "I don't know," Mulally replied. "But we have a plan, and the plan says we are going to make it." Quote Link to comment Share on other sites More sharing options...
Extreme4x4 Posted May 13, 2009 Share Posted May 13, 2009 I will not post on Mulally's compensation, after this. Does he not have a salary of $2 million, plus stock options??? Options that he has never excercised??? I'm trying to figure out why the "I don't get what he gets," are still quoting the $39 million??? Is that new math??? You know, like the average UAW worker makes $75 an hour??? Bottom line, he is saving all of your ass's from the govment, and BK. There are very few people on this planet that would have been able to accomplish what he has, in the time he has. He deserves more than this. Stop bitching. Quote Link to comment Share on other sites More sharing options...
Pioneer Posted May 13, 2009 Share Posted May 13, 2009 (edited) forget it Edited May 13, 2009 by Pioneer Quote Link to comment Share on other sites More sharing options...
rmc523 Posted May 13, 2009 Share Posted May 13, 2009 I will not post on Mulally's compensation, after this. Does he not have a salary of $2 million, plus stock options??? Options that he has never excercised??? I'm trying to figure out why the "I don't get what he gets," are still quoting the $39 million??? Is that new math??? You know, like the average UAW worker makes $75 an hour??? Bottom line, he is saving all of your ass's from the govment, and BK. There are very few people on this planet that would have been able to accomplish what he has, in the time he has. He deserves more than this. Stop bitching. Yeah, and IIRC, those stock options were only available/accessable at a certain stock price (which I don't remember). Quote Link to comment Share on other sites More sharing options...
jpd80 Posted May 13, 2009 Share Posted May 13, 2009 (edited) Yeah, and IIRC, those stock options were only available/accessable at a certain stock price (which I don't remember). Exercisable, It was above $8.00, possibly $8.20? Anyone confirm, it was plastered all over the internet when he came over in 2006? Edited May 13, 2009 by jpd80 Quote Link to comment Share on other sites More sharing options...
Critic Posted May 13, 2009 Share Posted May 13, 2009 Exercisable,It was above $8.00, possibly $8.20? Anyone confirm, it was plastered all over the internet when he came over in 2006? Hopefully then that's an excellent price, because it makes him work his ass off to get the company profitable where the market sees it so, and he can reap his rewards for doing what he was hired to do. Now get out of bed Alan, and get in their and shake things up furiously and with vigor! Quote Link to comment Share on other sites More sharing options...
rmc523 Posted May 13, 2009 Share Posted May 13, 2009 Exercisable,It was above $8.00, possibly $8.20? Anyone confirm, it was plastered all over the internet when he came over in 2006? Thanks.... Hopefully then that's an excellent price, because it makes him work his ass off to get the company profitable where the market sees it so, and he can reap his rewards for doing what he was hired to do. Now get out of bed Alan, and get in their and shake things up furiously and with vigor! I'd say he's already done a lot of that.... Quote Link to comment Share on other sites More sharing options...
PREMiERdrum Posted May 13, 2009 Share Posted May 13, 2009 Now get out of bed Alan, and get in their and shake things up furiously and with vigor! I think the current situations at GM, Chrysler, and, hell, even Toyota show just how much Mulally has accomplished in the last few years. Quote Link to comment Share on other sites More sharing options...
Critic Posted May 13, 2009 Share Posted May 13, 2009 I think the current situations at GM, Chrysler, and, hell, even Toyota show just how much Mulally has accomplished in the last few years. Yea, OK.. I wonder if this site had been around during Nasser's reign with the same people that are posting now, .... what I would be reading from them, then. Oh and let me add, just for post whoring... That's what I believe also. Quote Link to comment Share on other sites More sharing options...
PREMiERdrum Posted May 13, 2009 Share Posted May 13, 2009 Yea, OK.. I wonder if this site had been around during Nasser's reign with the same people that are posting now, .... what I would be reading from them, then. Oh and let me add, just for post whoring... That's what I believe also. I, for one, would have been heavily critical of the rapid expansion and abandonment of passenger cars. The glimmer of hope for me back then was the 1st gen Focus, but they dumbed that way down in 2005, and again in 2008. Don't get me started on what they did to the Taurus back then... Quote Link to comment Share on other sites More sharing options...
silvrsvt Posted May 13, 2009 Share Posted May 13, 2009 Yea, OK.. I wonder if this site had been around during Nasser's reign with the same people that are posting now, .... what I would be reading from them, then. It was and many people where critical of the stupid stuff he was doing back then....BON and the predecessor site have been around in some form since 1998 or so the Message board took a shit a couple times since then Quote Link to comment Share on other sites More sharing options...
Critic Posted May 13, 2009 Share Posted May 13, 2009 (edited) I, for one, would have been heavily critical of the rapid expansion and abandonment of passenger cars. The glimmer of hope for me back then was the 1st gen Focus, but they dumbed that way down in 2005, and again in 2008. Don't get me started on what they did to the Taurus back then... Oh really? Share price of $65 and $2+ dividends a year, plus the all new Jag's and the safety conscious Volvo's.. 2 million/yr Explorers and their derivatives.. Gotcha...OK.. I see your point I agree.. Edited May 13, 2009 by Critic Quote Link to comment Share on other sites More sharing options...
PREMiERdrum Posted May 13, 2009 Share Posted May 13, 2009 Oh really? Share price of $65 and $2+ dividends a year, plus the all new Jag's and the safety conscious Volvo's.. 2 million/yr Explorers and their derivatives.. Gotcha...OK.. I see your point Sarcasm? Jag/Land Rover was dead weight. It was always dead weight. That has been my position since the accusition. Yes, they were selling plenty of Explorers... but success in one area is not reason to abandon others. This is not difficult. Nasser was a bonehead, making mostly bonehead decisions. I think Volvo has potential, and I'm certain Ford has gained plenty from them since they bought the brand. If they need cash, though, they should be next to go. Quote Link to comment Share on other sites More sharing options...
probeGT Posted May 13, 2009 Share Posted May 13, 2009 Do you really think that anyone "wants" to MOVE to Detroit, on purpose??? Hey, settle down there, you desert-dwellers. Have you seen this or this? Personally, I'd prefer Detroit to a whole lot of cities that always show up on the "best places to live" lists. Quote Link to comment Share on other sites More sharing options...
matthewq4b Posted May 13, 2009 Share Posted May 13, 2009 Yea, OK.. I wonder if this site had been around during Nasser's reign with the same people that are posting now, .... what I would be reading from them, then. Oh and let me add, just for post whoring... That's what I believe also. It was around then And I did comment on it. I slammed the decision and Nasser from the day the news was announced. My self and several others knew this was disaster in the making. Mind you the few detractors were flamed pretty good by the loyally blind. Mullaly is a different kind of man. He is man substance and action not bull shit & flash like Nasser. Nasser was only concerned with short term stock prices and not the long term survivability of the company. Matthew Quote Link to comment Share on other sites More sharing options...
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