UAW President says Ford’s CEO pay package is ‘morally wrong’

Posted: Mar 23, 2011
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Alan Mulally - CEO, Ford Motor Company

Alan Mulally - CEO, Ford Motor Company

United Auto Workers President Bob King thinks that FoMoCo CEO’s pay package is a little to extreme. King said that Mulally’s lucrative pay package was ‘morally wrong’ over the fact that the Dearborn automaker’s CEO received stock worth about $54.5 million from the company.

Mulally, who is greatly responsible for the turnaround of Ford, received 3.8 million shares of stock earlier this month for meeting performance goals set by the company two years ago.

“I think Alan Mulally is a great CEO, but I don’t think any human being in the world deserves that much money. I think it’s outrageous,” said King, “I like Alan Mulally. But I just think it’s morally wrong.”

What do you guys think? Is Mulally overpaid? Let us know in the comments section after the jump.

- By: Omar Rana

Source: CNNMoney


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  • Kyle Batta

    Business does not have anything to do with “Morals” I feel bad for the executives who get 30 years experience, 5 masters degrees, work their asses off for years an then catch all the criticism of ignorant assembly line workers who hold them responsible for the entire economies collapse. What do you become a CEO for anyway to have Obama cut your salary to $1? CEOs are supposed to be rich not martyrs.

  • Robert Dollar Van Dell

    WTF would a union rep know about fair wages? Mulally is the main reason Ford was the only domestic brand that wasn’t going after government handouts. Bob King is just a jealous prick and can go fuck himself.

  • GMfan87

    haha I can smell the hypocrisy from here! silly UAW…

  • GMfan87

    haha I can smell the hypocrisy from here! silly UAW…

  • GMfan87

    haha I can smell the hypocrisy from here! silly UAW…

  • GMfan87

    haha I can smell the hypocrisy from here! silly UAW…

  • desertwind

    $54million is indeed a whole lot of money, but Mr Mulally should be paid what he was contracted to do. THAT is fair. What may need further, detailed scrutiny is the process that allowed him this reward and if he or anyone in the company was able to manipulate it in such a way.
    What he could do it take half ($27million is also not so bad) and give the other half to the UAW to distribute among its members.

  • Lookdeeper

    Not sure where this geeky looking commie gets off with Mually’s moral standards. I wish someone would investigate his and his associate’s “executive” salaries, and most of all, the incredible perks these non-producers enjoy. Sure it’s a lot of dinero, but at least he produced somethings of great value. Like jobs and a pretty terrific product. What did King produce in his sorry lifetime?