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Bill Ford Jr.’s long refusal to be paid a salary as Ford Motor Co. chairman and CEP the
past four years has finally paid off. The company’s board of directors issued Ford a package worth around $18 million
in stock options and grants as part of his bonus and long-term compensation package. When he was given a $1.5 million
bonus in 2003 he donated it to a scholarship fund for employees’ children. He says he may do the same again with
another $1.5 million.