CEO to the Rescue Speaking of salaries, Ford Motor Co. chief executive Alan Mulally may be worth every penny of that heart-stopping $28 million he made in his first four months last year as head of the company.
Turns out he saved President Bush-- and apparently Vice President Cheney-- from blowing themselves up at the White House on March 26.
Ford, which lost $12.7 billion last year, wanted to show off its new hydrogen-electric plug-in hybrid, Mulally told reporters last week at the New York auto show. So the company decided to give Bush a demonstration during a dog-and-pony at the White House.
Ford had an electrical outlet installed on the South Lawn and ran a charging cord to the hybrid. But as Mulally followed Bush out for the demo, he saw that someone had left the cord lying at the back of the car, near the fuel tank.
"I just thought, 'Oh, my goodness!' " recounted Mulally, according to the Detroit News. "So I started walking faster, and the president walked faster, and he got to the cord before I did.
"I violated all the protocols. I touched the president. I grabbed his arm, and I moved him up to the front," Mulally said. "I wanted the president to make sure he plugged into the electricity, not into the hydrogen.
"This is all off the record, right?"
Sure.