Ford Motor Company has filed its 2002 proxy statement with the Securities and Exchange Commission today. The statement outlines compensation for top company executives.
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Ford says that for 2001, the company’s cash compensation of its top-five executives decreased by more than 60 percent over the previous year, largely the result of no executive bonus awards being paid. Additionally, Ford executives received no long-term stock incentive award payouts for the 1999-2001 performance period.
The 2001 compensation of the following company officers also is summarized in the proxy statement:
Jacques Nasser, former president and chief executive officer, earned $4,930,158 for 2001. That total includes $1,750,000 in salary, other compensation totalling $3,087,161 and $92,997 in SSIP matching contributions and related credits. He was also awarded options to purchase 1,375,000 shares of common stock.
Wayne Booker, former vice chairman, earned $1,372,898 for 2001. That total includes $860,000 in salary, other compensation totalling $461,303 and $51,595 in SSIP matching contributions and related credits. He was also awarded options to purchase 175,000 shares of common stock.
Wolfgang Reitzle, group vice president, Premier Automotive Group, earned $1,232,568 for 2001. That total includes $857,512 in salary, as well as other compensation totalling $375,056. He was also awarded options to purchase 150,000 shares of common stock.
Nicholas Scheele, president and chief operating officer, earned $798,394 for 2001. That total includes $686,997 in salary, other compensation totalling $74,679 and $36,718 in SSIP matching contributions and related credits. He also was awarded options to purchase 45,000 shares of common stock.
