Yesterday's painful changes haven't stopped Ford's board from blessing a $6 million stock option bonus for CEO Alan Mulally — only a cool million more than he was promised when he signed on last fall. Nor has it stopped the company from covering Ford Americas President Mark Fields' weekly commute to his Florida home — though he's now flying first-class instead of taking a corporate jet, as was his habit. Mind you, Mulally's family can use a corporate jet for personal travel, whether or not Mulally's along for the ride. But with the bill for Ford's "Way Forward" restructuring reaching an estimated $11.2 billion this month and a $12.6 billion loss for 2006 in the rear-view mirror, it was apparently time to bite the bullet: According to Ford's annual report, senior execs must now pay their own green fees when they golf.
