Actually, former Ford Executive Chairman Bill Ford Jr might be a better example. Billy said in May 2005 that he wouldn't accept any pay, bonus or stock until the company started making money again. But now it turns out he got $10.5 million in 2006 and $13.3 million in 2005.
And who pays when executives loot the company till? You guessed it. Ford wants to cut 30,000 jobs and is demanding more concessions from their unionized workers. What do you think the chances are that they'll cut Mulally's pay?