Growing up, I occasionally heard my father use the term "windshield reality." Defined, it's when a situation like a divorce or a family death impacts you with such trauma that you feel as if you've been emotionally thrown through a windshield. I was reminded of that feeling when I recently browsed my online checking statement to see that my available balance was $52.28.That was like the airbag deploying. What actually sent me through the windshield happened shortly afterwards, when I read that the new chief executive of Ford Motor Co. was paid more than $28 million for his first four months on the job. This, mind you, was on top of an $18.5 million "golden hello" given to him when he was lured away from Boeing.

Now assuming that he, like many chief executives, works at least a 60-hour week, that's roughly $29,000 per hour, or over 500 times more than yours truly receives on an hourly basis. It was rather puzzling to see the beleaguered automaker, which lost $12.7 billion last year (under a different CEO), earmark that kind of money for top-level recruiting efforts.

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access