Anyhow, I get the business need to save and cut, I do understand that Ford has to let people go from time to time. What I do not understand is why the executive pay just keeps going up while layoffs are happening and people are losing jobs.
And, Ford is not the only company that has this problem. Look around you and you'll find many companies, public or private, that restructure every year. They cut people, lay them off, etc. But you never hear that one of them made a decision to decrease executive pay in order to save some jobs.
This just never happens. Some folks will wander why and I think I have an answer. I think that executives have a definite control of companies and boards are not doing what they are supposed to do which is to oversee what executives are doing. Once you have a situation like this executives can do pretty much whatever they desire in order to enrich themselves…
Cannot change anything, but this board is for venting, right?