In a filing with the SEC last week, Ford detailed a significant change in how it determines the amount of stock bonuses to award its top executives, reports the Chicago Tribune. One of the factors that has been added to the equation is customers’ initial experience with a vehicle in the first three months. The plan aims to improve overall quality and reduce defects. The better the quality, the better the bonus…
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03/21, 3:18 PM
posted by:
gsh
looks like there will be some starving execs..
03/21, 3:34 PM
posted by:
Angel Rivera
haha! Now, the next step is to tie their salaries to commissions earned on vehicle sales. Let’s make it all incentive-based!
03/21, 3:38 PM
posted by:
Waheed
Maybe that’s why Jim Padilla (Ford COO) just sold $1.2 Million worth of his shares. I guess he figures that he’s going to need the money.
Waheed
03/21, 3:47 PM
posted by:
Anonymous
….that’s like invading Iraq to capture Osama. They’ll just raise management’s base pay.
Instead; cut their base $1Mil salaries 10% for every point they are behind Toyota for std. cars and 10% for every point Lincoln is behind Lexus. Give them a real goal ..or point them to the exit.
jim
03/22, 2:20 AM
posted by:
Steve
It’s a nice idea…but it won’t help much…if at all.
03/22, 10:50 AM
posted by:
Mike
Tie base pay, not only bonuses, to quality and watch what happens. When improvement in anything is desired, “hit them in the wallet”. I don’t know about around the world but in the US this works.
03/22, 4:03 PM
posted by:
fmc
and i thought i was the only one who didn’t like the FoMoCo