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Struggling Ford pays boss $28M for 4 months

Struggling Ford Motor Company, which posted a record $12.7 billion net loss in 2006, gave its new CEO Alan Mulally $28 million for four months on the job, according to a statement filed Thursday. The details were made public as Ford moves ahead with plans to close plants and cut more than 30,000 hourly positions from the company in an effort to stem losses.

Struggling Ford Motor Company, which posted a record $12.7 billion net loss in 2006, gave its new CEO Alan Mulally $28 million for four months on the job, according to a statement filed Thursday. The details were made public as Ford moves ahead with plans to close plants and cut more than 30,000 hourly positions from the company in an effort to stem losses.


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href="http://rss.cnn.com/~r/rss/cnn_topstories/~3/106960929/index.htm" target="_blank">http://rss.cnn.com/~r/rss/cnn_topstories/~3/106960929/index.htm.