Bill Ford and Alan Mullaly vow to take 30% pay cuts
As reiterated in the memo, Ford and Mulally are not wavering from their plan to go without government assistance and these recent announcements support that strategy. "We know these are challenging times and we all are affected by the tough actions we are taking... However, these are necessary actions to help us emerge as an even stronger, profitably growing Ford Motor Company for the benefit of us all." Thanks for the tip Adam!
[Source: WSJ.com | Image: Bill Pugliano/Getty]
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