Let’s look at one sweet deal that
was given to the new CEO of Ford. The stock has always remained steady no
matter what happened to the economy. So, this guy isn’t even among the biggest
shots around big shots making a lot of
American’s hard earned money. His name is Mark Fields who was greeted at the
door with a 13% raise, lots of stock in
the company and millions in incentives.
And he hasn’t even done anything
yet. Most of us could only dream of that
type of attention. And who did he do to
get such a sweet deal?
On the very first day on the job he also gets to use a private jet for personal travel. Even the elitist population of folks get
to travel in private jets and land in
private areas of airports as well. Fields salary will go from the $1.54 Million
he was getting as Chief Operating
Officer to $1.75 Million dollars as CEO, according to documents filed with
federal regulators. What are they
regulating anyway? Certainly not any
caps on how much money a single person could make. If all goals are met, Fields
is also eligible for $3.5 Million in
performance incentives this year, making his 2014 package worth $5.25
Million, not including additional options that vest each year. Performance
incentives sounds like something a circus clown has to do.
Current CEO Alan Mulally who
retired this week received $23.2 million for 2013, with a salary of $2 million,
a $5.9 million cash bonus and $15.3 million in long term stock options. That is enough money to feed a small country for
a year. If there is any hope for an
entire population of good ideas to be heard, we must do more to share the
wealth that large corporations earn.
No comments:
Post a Comment