Just read an article on CNNmoney.com that talks about how Ford's CEO, Alan Mulally, got $28 million dollars as a pat on the back for running Ford into a $12.7 billion (yes, billion with a "b") deficit for 2006.
The article notes the following:
His base salary was $666,667, which works out to annual pay of about $2 million. He also received restricted stock grants, which the company valued at $920,404, as well as 3 million stock options valued at $7.8 million. The stock options are not yet exercisable, and they have an exercise price of $8.28, or about 4 percent above current prices.
Hold up... a base salary of $666,667? That's probably rounded up from $666,666.66666666666666666. Hello, Ford? Repeating 666's? Is this not the first sign that you've hired the devil? And you're suprised you lost $12.7 billion because why?
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