If you want to argue he is overpaid, I will agree. I thought we were talking about there being some problem with his promise of not getting paid until the company is profitable. While I agree there may be some flip flopping, I am happy to see that he is at least betting his paycheck on the fact that they will one day be profitable again. The fact that he has so much stock is also a good thing. All corporate leaders should be so invested.

mel23 :

“jkross22 : I don’t see any problem with this.” Nor do I. If he ever sees any money, it’ll be a trifle compared to what Ford will have accomplished.

By "Ford" do you mean the company? What will Bill Ford have done personally to bring Ford back tp profit? Will his contribution to Ford's turnaround be worth $25m plus per year? That's more than Alan Mulally will make.

Remember: Bill Ford has stock in the company. Lots and lots of stock. If/when Ford returns to profitability, the company will resume paying dividends and he will make millions and millions IN ADDITION to these payments.

I don’t see any problem with this.”

Nor do I. If he ever sees any money, it’ll be a trifle compared to what Ford will have accomplished.

Do the outsiders want blood? No, they want TTAC (The Truth About Compensation).

As for dividends, it is a sign of Ford and GM’s unwillingness to be honest about their finances that they both continued to pay dividends that weren’t supported by profits; i.e., they were paying dividends out of capital and borrowed money. Sort of like an old-time steamship that burns planks from the hull to keep the boiler fired. Ford’s dividend should have been cut back when Jac Nasser got the ax for squandering the company’s cash on foolish acquisitions.