It's a sour day @ FoMoCo. Senior executives of the ford motor company are set to pay themselves "cash payments" despite scrapping the controversial bonus program that would've actually benefited a much larger segment of management.

Ford CEO Alan Mulally is set to receive an additional $1 million in stock options bringing his total stock package to $6 million.

The senior board's self-congratulatory pat-on-the-back for having idly watched America's second largest carmaker lose $12.7 Billion last year comes at exactly the wrong time when thousands of Ford employees are being shown the door in new rounds of job cuts.

[Source: The Detroit News]