Exorbitant Executive Pay AfFORDable...

...health care for workers, not so much. Reporting on Ford Motor Co's latest SEC filing, the Wall Street Journal informs us ($): [Ford's] top seven executives received compensation valued at more than $62 million in 2006, even as the 104-year-old auto maker posted a record $12.6 billion net loss for the year. ... [CEO Alan ] Mulally received a $666,667 salary, an $18.5 million bonus, options awards valued at $8.68 million, and other compensation for items such as use of a corporate aircraft and relocation costs. A little back-of-envelope math here indicates that Ford's executives are paid about 156 times more than the average UAW line worker. And yet - Ford and its domestic competitors are expected to push for significant cost cuts from the UAW, including reductions to health-care coverage.
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