Bill Ford's compensation falls 40 percent to $13.3M

Ford Motor released details of its executive compensation Friday, as part of its 2006 proxy statement to the Securities and Exchange Commission. At the top of the list is chairman and CEO Bill Ford, whose 2005 total compensation took a big hit, falling 40 percent to $13,298,279. In all fairness, this compensation takes form of stock and stock options virtually in its entirety. Ford has pledged to forgo any cash compensation until the company's automotive operations return to profitability.
High-profile wunderkind Mark Fields, President of the Americas, pulled in about $3.2 million, including a $1 million cash "retention payment" to make sure he sticks around.

[Sources: Washington Post, Ford Motor Company]

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