Reply #6: Ford chairman got 51% pay boost last year to $22 million (and more crap)

[Angry Girl]

http://www.detnews.com/2005/autosinsider/0504/08/B02-142586.htm

• Chief Operating Officer Jim Padilla, who also became president on Feb. 1, received a 2004 salary of $966,667, up from $900,000 in 2003. His bonus - including $1.18 million in cash and 69,000 shares of unrestricted common stock worth $854,910 -- totaled slightly more than $2 million.

• Nick Scheele, who retired as president of Ford on Feb. 1, received a salary of $1 million, the same as 2003. His 2004 bonus of $1.5 million consisted of $1.18 million in cash and a grant of 27,000 shares of restricted shares valued at $334,530. In addition, Ford awarded Scheele options to purchase 81,168 shares of common stock in long-term compensation.

• Allan Gilmour, who retired as vice chairman Feb. 1, collected $1.05 million in salary and a bonus worth $1.52 million. In 2003, Gilmour earned $912,000 in salary, and a bonus of $750,000.

• Greg Smith, executive vice president and president of Ford's Americas operations, earned $756,667 in salary and $1.12 million in bonus, consisting of $836,000 in cash and a grant of 23,000 shares of unrestricted common stock valued at $284,970.
http://www.detnews.com/2005/autosinsider/0504/08/B02-142586.htm


Corruption in America: Big Three Execs Get Huge Pay To Ruin Auto Sector

Wagoner received a $2.2 million salary that year; plus a $2.46 million bonus; plus 400,000 stock options valued at $5.1 million; plus $78,000 in perks including "personal use of company aircraft"; plus $79,000 as a GM contribution to his "savings plan." Counting some other benefits, Wagoner's total compensation came to over $10 million; this does not count an additional lavish pension benefit.

GM's Chairman Bob Lutz, and its chief financial officer, John Devine, each received total compensation packages of $6.4 million in 2004. It is estimated that the GM top management team took in more than $50 million in compensation for the year.

http://www.larouchepub.com/other/2005/3234auto_execs.html