Ford Motor Co. Chairman and CEO Bill Ford Jr. plans to accept no compensation whatsoever in 2005 due to the underperformance of the company’s automotive operations. Bill Ford traditionally turns down a $1.5 million cash compensation package entitled to him as company head. He now tells investors at the annual meeting in Delaware that “in the future I will not only continue my practice of accepting no cash compensation, but I will also forego any compensation at all until the compensation ...
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