alan.jpeg   FoMoCo's Mulullay

As the CEO of Boeing Commerical Airplanes in Seattle, Alan Mulally , now Ford Motor Co. CEO, knew how to feed at

"/>

Mulally's $1 Fake-out

alan.jpeg FoMoCo's Mulullay

As the CEO of Boeing Commerical Airplanes in Seattle, Alan Mulally, now Ford Motor Co. CEO, knew how to feed at the public trough for his multi-billion-dollar private corporation. He helped steer Boeing and its new 787 production line towards a $3.2 billion, 20-year tax break handed out by then-Gov. Gary Locke, who was secretly taking advice from Boeing's own consultant.

Now Mulally, seeking billions more in a federal bailout for Ford, is vowing to take a pay cut to $1 a year and says - after he and other auto-maker execs were criticized for flying to D.C. in private jets to attend their first bailout plea - he will drive to D.C. to make another bid this week. Reports USA Today:
 

GM spokesman Tony Cervone says [CEO Rick] Wagoner will drive in a Chevrolet Malibu

hybrid sedan when he makes the 520-mile trek from Detroit to Capitol

Hill. Ford's Mulally also is driving from Detroit for a second appearance before two legislative committees. Chrysler won't say how [CEO Robert] Nardelli will travel,

except it won't be by corporate jet. A spokeswoman says his travel

plans are secret for security reasons.

What, does someone want to kill him? Of course this is all a corporate stunt for public funding - like Boeing putting its Dreamliner assembly line out for bid to other states, causing Locke to cough up the tax break. These are multi-millionaire CEOs who won't miss a year's salary, auto execs who think it's a show of camaraderie to drive your own car.

In return, Mulally and the others are promising great things from their factories: the production of fuel-efficient cars that people actually want to buy. Since people weren't buying fuel-inefficient cars, it just might be something they'd have to do anyway.

The words we really want to hear from the three execs at this week's hearing are, under oath: We promise to do the right thing for our screwed-up companies. We resign. 



 
comments powered by Disqus

Friends to Follow