Jerry Eichenberger
Serious Thumper
   
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2006 S40. OEM windshield, saddle bags, Sportster
Posts: 2919
Columbus, Ohio
Gender:
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I un derstand, but it's the Board who pays any exec. officer. A CEO doesn't "pay himself". Since this man ran Ford, and still does, I think, in a manner that the company was able to bank enough cash during the good times of the mid 2000s to keep the company running during the downturn, and NOT take a cent of bailout money, I think he was worth it.
Did you read yesterday that the TARP program has so far returned a profit to the U.S. taxpayers of 20+ Billion Dollars from all of the bank loans that have now been repaid, mostly ahead of time, with interest and stock warrants that the gov't has now sold to earn that profit?
So when we use the term "bailout" in the future, it has been the gov't deficit budget that has been the primary beneficiary of being bailed out by American banks.
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