Lose 2.7 Billion, Get a Bonus?

I'm just sayin.... You lose 2.7 Billion and give out bonuses?  From Workforce:

"Ford Motor Co. is paying every U.S.and Canadian employee a $1,000 bonus even though the automaker lost $2.7 billion last year.

In a company wide e-mail to all employees on Wednesday, March 5, CEO Alan Mulally said that although Ford fell short of its sales goals for 2007, the automaker “met or exceeded” its objectives in every other category.

The bonus also will be paid to managers outside the U.S. and Canada. Mulally said the “performance awards” are based on improvements in cost performance, quality, automotive cash flow and financial results."

I know the cash isn't a lot on the individual level but it's a nice gesture.  Still - bonuses when the loss is 2.7 Billion?   From where I come from, we'd be rallying around the barrel for heat, so we could save on the energy bill.

For my Austin Powers peeps out there - that's Billion, not Million.  Perhaps a recap is in order.....  Feedburner or Reader subscribers click through for the video tutorial...

Comments

[HR Wench]

What I really want to know is, is that $1,000 gross or net?