« « GSSF Shoot this weekend | Home | Classy » »

11 Responses to “Ford CEO willing to violate minimum wage laws”

1. Tanya Says:
   December 2nd, 2008 at 2:23 pm

   It only violates minimum wage laws if he does more than 9 minutes of work in the next year.

2. Manish Says:
   December 2nd, 2008 at 3:56 pm

   If it was based on pay-for-performance, he would be overpaid.

3. tgirsch Says:
   December 2nd, 2008 at 5:00 pm

   I thought minimum wage laws only applied to hourly employees…

4. Lyle Says:
   December 2nd, 2008 at 7:29 pm

   Pure, meaningless political posturing. CEO pay, even if in the negative, eight-figure value range (CEOs paying hundreds of millions for the privilege of working there) wouldn’t begin to compensate for the company’s losses.

   Now; what about union boss pay? How much should they get for forcing their members’ employers into the red and into a situation where they are incapable of competing in the marketplace without losing money?

   And how about Congressional pay? How much should they get paid for scamming the taxpayers out of trillions of dollars? All of the worst CEO behavior in history, combined, wouldn’t come close to the harm that Congress is inflicting on us, nor do CEOs have the power of legal coercion over us.

5. JKB Says:
   December 2nd, 2008 at 9:42 pm

   Ah, the Steve Jobs gambit. Not a bad idea. $1 salary with potential millions in stock options. A good gambit and in some ways shows a willingness to try to save the company.

6. Roland the Headless Thompson Gunner Says:
   December 3rd, 2008 at 9:41 am

   Exactly. Purely symbolic.

7. Harold Says:
   December 3rd, 2008 at 9:47 am

   Manish: NoManish: No, of the (former) Big Three the top dog for Ford is actually doing a good job, or at least about as good as likely possible with the structural problems he inherited (labor costs, state laws that forbid trimming dealer networks, etc. etc. etc.).

   Mulally is an engineer (!!!) and Sloan School type from Boeing who apparently did a great job there but was passed over for promotion, and who started at Ford two years ago. He’s credited with helping Ford get into the best position of the three: e.g. unlike GM which has only one or two months of cash left (Chrysler is private so we don’t really know their situation but it’s said to be about as desperate), Ford can last till the end of next year.

   Unlike the other two who have had 30 or so years to get their quality act together and have consistently failed, Ford appears to have managed the trick (finally, says this not entirely happy owner of an ’89 Ford V6 Ranger (they REALLY messed up that engine in the next generation but mine had I believe the same seal problems)).

   If I had a magic wand I’d Chapter 7 GM and Chrysler (no car company survives an extended Chapter 11 since warranty holders are creditors as well), do a prepackaged Chapter 11 for Ford and spend bailout money on keeping the supply chain alive for Ford and the transplants.

8. Xrlq Says:
   December 3rd, 2008 at 9:59 am

   Harold, I’m not sure warranties (extended ones, anyway) are relevant to the manufacturer’s bankruptcy. Aren’t the extended warranties issued by separate entities?

9. Harold Says:
   December 3rd, 2008 at 6:00 pm

   Xrlq: to the extent that failures (especially detection of them) follow the bathtub curb, you really want your car company to be honoring warranties in the initial non-extended period.

   I don’t know how extended warranty policies are structured by the (former) Big Three today, but wouldn’t they still be executed by dealerships? Those would go into play in a Chapter 11 as well.

10. Xrlq Says:
    December 3rd, 2008 at 10:38 pm

    Huh? Of course the warranties are executed by the dealerships, but what does that have to do with anything? At issue is who is responsible for paying on the warranty, not who executes it. Besides, it’s not as though the dealerships are the ones about to go bankrupt, anyway.

11. Harold Says:
    December 4th, 2008 at 11:41 am

    Xlrq: well, dealerships have to stay in business for them to be able to execute warranty work, and any successful Chapter 11 bankruptcy would require trimming their numbers significantly (especially for GM, 7000+ to Ford’s 4000 and dropping … and plenty of dealerships are going to go bankrupt no matter what happens anyway).

    An unsuccessful car maker bankruptcy could make it difficult to get (good, with the magic computer stuff needed nowadays) service in a lot of places. In the long run service for a price would be arranged most everywhere but there could be disruptions.

    Why buy into that mess when you can buy good cars and trucks from healthier companies?

Remember, I do this to entertain me, not you.

Uncle Pays the Bills

Find Local Gun Shops & Shooting Ranges Your Location:

Categories

• ATF (769)
• Death Match (10)
• Eminent Domain (225)
• In the bag (9)
• Notes to Junior (546)
• Poker (74)
• Recipes (142)
• Shotgun Noob (11)
• The Airing of Grievances (19)
• uncategorized (47,725)

Archives

Select Month August 2023 June 2022 March 2022 December 2021 August 2021 February 2021 November 2020 August 2020 July 2020 June 2020 May 2020 April 2020 March 2020 February 2020 January 2020 December 2019 November 2019 October 2019 September 2019 August 2019 July 2019 June 2019 May 2019 April 2019 March 2019 February 2019 January 2019 December 2018 November 2018 October 2018 September 2018 August 2018 July 2018 June 2018 May 2018 April 2018 March 2018 February 2018 January 2018 December 2017 November 2017 October 2017 September 2017 August 2017 July 2017 June 2017 May 2017 April 2017 March 2017 February 2017 January 2017 December 2016 November 2016 October 2016 September 2016 August 2016 July 2016 June 2016 May 2016 April 2016 March 2016 February 2016 January 2016 December 2015 November 2015 October 2015 September 2015 August 2015 July 2015 June 2015 May 2015 April 2015 March 2015 February 2015 January 2015 December 2014 November 2014 October 2014 September 2014 August 2014 July 2014 June 2014 May 2014 April 2014 March 2014 February 2014 January 2014 December 2013 November 2013 October 2013 September 2013 August 2013 July 2013 June 2013 May 2013 April 2013 March 2013 February 2013 January 2013 December 2012 November 2012 October 2012 September 2012 August 2012 July 2012 June 2012 May 2012 April 2012 March 2012 February 2012 January 2012 December 2011 November 2011 October 2011 September 2011 August 2011 July 2011 June 2011 May 2011 April 2011 March 2011 February 2011 January 2011 December 2010 November 2010 October 2010 September 2010 August 2010 July 2010 June 2010 May 2010 April 2010 March 2010 February 2010 January 2010 December 2009 November 2009 October 2009 September 2009 August 2009 July 2009 June 2009 May 2009 April 2009 March 2009 February 2009 January 2009 December 2008 November 2008 October 2008 September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 June 2006 May 2006 April 2006 March 2006 February 2006 January 2006 December 2005 November 2005 October 2005 September 2005 August 2005 July 2005 June 2005 May 2005 April 2005 March 2005 February 2005 January 2005 December 2004 November 2004 October 2004 September 2004 August 2004 July 2004 June 2004 May 2004 April 2004 March 2004 February 2004 January 2004 December 2003 November 2003 October 2003 September 2003 August 2003 July 2003 June 2003 May 2003 April 2003 March 2003 February 2003 January 2003 December 2002 November 2002 October 2002 September 2002 August 2002 October 1971