After 5-Year Freeze, Ford Will Pay Bill Ford

Summary


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.

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After 5-Year Freeze, Ford Will Pay Bill Ford

Ford's compensati...

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