CEO compensation, Part IV

Via DailyKos, I found this bit of fantasyland insanity in corporate America:

After Ford Motor Co. posted the largest loss in its 103-year history Thursday, analysts questioned whether the struggling automaker can achieve its restructuring goal of reaching profitability by 2009.

Ford reported that it lost $12.7 billion in 2006. At least $6.1 billion of that was attributed to troubled North American operations, which continued to be hit hard by falling sales of pickup trucks and sport-utility vehicles.

For stockholders, the losses represented $6.79 per share versus a profit of $1.4 billion, or 77 cents a share in 2005.

...Mulally also confirmed that Ford is considering giving performance bonuses to its top executives at the same time it is incurring massive losses, closing plants and cutting jobs.

"More of the compensation of senior leadership is tied to their performance," he said. "This team has made great progress. You have to keep the talented people you really need."