A future in Airline management?

[SkiFishFly]

Ford May Resume Its Bonuses to Boost Executive Morale

By John Lippert and Bill Koenig
Jan. 25 (Bloomberg) -- Ford Motor Co. may resume paying executive bonuses to boost the morale of managers battered by three rounds of job cuts and plant closings in the past five years, people familiar with the matter said.
The No. 2 U.S. automaker is considering the renewal of bonuses as a way of supporting managers coping with reduced benefits, the elimination of merit raises and the threat of job losses, said the people, who didn't want to be identified because the discussions are private.
Ford paid no bonuses to its top 6,000 executives during the last two years. Ford's net income shrank to $1.44 billion for 2005. Ford said today it lost $5.8 billion in the fourth quarter and $12.7 billion for 2006, the biggest annual loss ever. The company is cutting 40,000 factory and white-collar jobs in hopes of restoring North American auto profits in 2009.

http://www.bloomberg.com/apps/news?pid=20670001&refer=&sid=al2eM1yLul_s

 

[SDF2BUF2MCO]

Ford's "problem" is they have a crappy product along with crappy customer service and relations (because of their crappy product). Yes it does stink to think they would reward their management folks for a job NOT well done.