Mulally Re-Thinks His Position During Flight Home on Private Jet

After flying home in his corporate jet after begging Congress for $25 billion in taxpayer guaranteed bailouts, Ford CEO Alan Mulally apparently had a change of heart regarding his salary. After making $27 million in 2007, a year in which Ford lost $2.72 billion, Mulally originally declined to consider working for $1 in annual salary, a whopping $2 million pay cut, in exchange for the taxpayer funded guarantees. Now, according to WSJ, he's had a change of heart and agreed to take a little cut. And, FLASH, he now has a bold plan to restructure to profitability.

Carl says, "DON'T BE DUMB, FORD. START THE AGGRESSIVE RESTRUCTURING AT THE TOP. GET RID OF MULALLY AND THE OTHER FINANCE GURUS WHO'VE DRIVEN FORD OVER THE CLIFF. HIRE THE MANAGERS FROM NINTENDO. THEY'LL WORK FOR LESS, BE MORE EFFICIENT AND BUILD CARS THAT PEOPLE WANT BECAUSE THEY'RE FUN TO DRIVE."