Ford Motor Co. CEO Alan Mulally came to the rescue of better known but lower paid CEO George W. Bush last week by preventing the president from plugging an electrical cord into the hydrogen tank of a Ford hydrogen-electric hybrid vehicle being demonstrated at the White House. Said Mulally, "I wanted the president to make sure he plugged into the electricity, not into the hydrogen. This is all off the record, right?"
Now we know why Mulally makes the big money. He's been in Job #1 at Ford for four months now, pulling down a tidy $28.2 million a year to try to salvage the auto maker from itself. Ford managed to post a record $12.7 billion loss in 2006.
No word so far on whether Mulally will personally accompany other Ford hybrid users to ensure their safety or why, for that matter, plugging an electrical cord into the hydrogen tank is even remotely possible even for the likes of President Bush.
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