Ford Motor Co. told Congress that they planned to return to a pretax profit or break even in 2011 when the Detroit Three automakers' CEOs appear before lawmakers to request $25 billion in government loans. Ford CEO Alan Mulally said he'll work for $1 per year if the company has to take any government loan money. Congressional leaders wanted plans from the automakers by Tuesday to show that they can make it if they did get federal funds. The plan Ford submitted said the company will cancel all management employees' 2009 bonuses and will not pay any merit increases for its North American salaried employees next year. I’m not exactly sure if this would be a wise decision for him if the plans going accordingly. But it is something he is willing to take a chance for. In some instance I really don’t think they should receive the any money because it’s they’re fault they screwed up so the have to pay for their actions just like us common folks have to do.
Sarranda Hall
POS 2041
Friday 8-11am
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2 comments:
I would like to agree with this comment in part, The Big Three should work for a $1 per year. After all haven't they made enough from the tax payers already.Here are CEO's who took their company JETS to ask for a hand-out for their AUTOMOBILE company! How many taxpayers employed for those companies can take their jets to ask for a raise, thier job, or any empathy.
Braytez Barnes
POS 2041
Thursday 7:34 p.m.
sorry I forgot to put my information the first time
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