Bill Ford Back on the Payroll

By: Associated Press
By: Associated Press

After a five-year wage freeze, Ford Motor Co. Executive Chairman Bill Ford is getting paid again.

The automaker said Friday that Bill Ford will be paid $4 million in salary and $11 million to $12 million in stock options -- the money he would have earned from 2008 to the present.

Bill Ford, the great-grandson of company founder Henry Ford, said in 2005 that he would stop taking a salary or bonus until the company returned to profitability.

Ford's compensation committee had ruled that Bill Ford could be paid from 2008 on when the company's automotive operations returned to profitability. The committee recently decided that condition has been met.

Ford reported a $2.6 billion profit in the second quarter, its fifth straight quarterly profit. is happy to provide a forum for commenting and discussion. Please respect and abide by the house rules:

Keep it clean, keep it civil, keep it truthful, stay on topic, be responsible, share your knowledge, and please suggest removal of comments that violate these standards. Comments may take up to 24 hours or longer to appear on the site.

See full commenting rules...
powered by Disqus
WILX 500 American Road Lansing, MI 48911 517-393-0110
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 100132099 -
Gray Television, Inc.