Ford CEO gets $21.5 million in options for 2002

Newswire

DETROIT, April 28 (Reuters) - Ford Motor Co. Chairman and Chief Executive Bill Ford Jr. received $21.6 million in stock options in 2002 in lieu of a salary, the automaker said on Monday. In its annual proxy, Ford also disclosed that it gave no bonuses or merit increases to its five most highly paid executives in 2002, a year that saw the company lose $980 million and its stock price fall 42 percent. The options on some 4.4 million shares for Bill Ford Jr. were given in lieu of a salary ...

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