Visteon raised chairman's compensation 30 percent

Newswire

DETROIT, March 31 (Reuters) - Auto parts supplier Visteon Corp. gave its chairman and chief executive $5.7 million in salary, stock options and other bonuses for 2002, a 30 percent increase over the previous year. Visteon Chairman and CEO Peter Pestillo has overseen a near-constant restructuring at the world's No. 3 auto parts maker, which has faced growing pressure for cost cuts from its former parent and largest customer, Ford Motor Co. The company shed 2,000 jobs in 2002, and its shares ...

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