WTF: FORD BOSS Says.... I'll WORK For $1 A Year

by **J The Kidd** Wed Dec 03, 2008 4:01 pm

Chief executive Alan Mulally has vowed to sell Ford's fleet of
corporate jets, cancel next year's bonuses as well as closing more
plants.

Ford's $2m-a-year chief executive, Alan Mulally, today vowed to
work for an annual salary of just one dollar if the struggling US car
maker has to take government money as part of a $25bn bail-out of the
US car industry.

In a further move to woo congressional support Mulally has vowed to
sell Ford's fleet of corporate jets, cancel next year's bonuses for
global management and US employees as well as closing more plants,
trimming its dealer network and stepping up its work on electric
vehicles.

In its business plan, submitted to Congress today, Ford said it was
seeking bridging finance of some $9bn but argued that if Congress gave
its approval it would not have to draw down the money.

America's big three auto makers Ford, General Motors and Chrysler, were
all due to submit business plans to Congress as they seek financial
support to weather the economic downturn which has seen the industry
faced with fierce competition and plunging sales.

Ford has already sold Aston Martin, Jaguar and Land Rover over the last
two years and yesterday said it was looking at the future of Volvo,
which could involve the sale of the Swedish car maker.

by yaboyja23 Wed Dec 03, 2008 4:05 pm

boy he must be crazy....
lmaoo he'd be getting like 8 cents a month
talk about dumb he must already got him enough money...
he basically working for nothin..