May 16, 2011
Ford’s nearly 2.6 billion dollar record first quarter profit was the highest since 1998. They made profits in all regions of the world and in all of their business units. Their North American pre-tax operating profit jumped 49% this quarter compared to a year ago.
These profits came from our labor and from the labor of workers around the world. This only makes us remember how much we have all lost and how much we all have in common.
When Alan Mulally’s windfall compensation for 2010 was announced, UAW President Bob King said: “Alan Mulally is a great CEO but I don’t think any human being in the world deserves that much money.” (Detroit News, April 14th).
Well, this “great CEO” cut jobs, closed plants, took our pay, gutted retiree health care so they have to pay more out of pocket, and wants to condemn our children and grandchildren to second class citizens with a lower standard of living.
So, other than that, yeah, he’s a great guy – and a thief, to boot!