FoMoCo CEO Alan Mulally and Executive Chairman Bill Ford Jr. have voluntarily taken a 30 percent pay cut to show UAW workers that they aren’t the only ones being asked to make sacrifices.
In a company e-mail sent out Tuesday, Ford said that it will be eliminating bonuses for all salaried workers for the second year in a row and will be suspending cash compensation for its board members. The move is being made to meet the company’s goal of...
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