US:Ford cuts dividend to 5 cents, halves board member pay - Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars
Ford Forum Ford Forum

» Auto Insurance
» Featured Product
» Wheel & Tire Center

Go Back   Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News
Register Home Forum Active Topics Photo Gallery Auto Loans Garage Mark Forums Read Auto Escrow

FordForums.com is the premier Ford Forum on the internet. Registered Users do not see the above ads.
Reply
 
LinkBack Thread Tools Display Modes
Old 07-13-2006, 18:06   #1 (permalink)
Registered User
 
Stacy94PGT's Avatar
 
Join Date: Feb 2001
Location: The Hills of North Georgia,USA
Posts: 7,859
US:Ford cuts dividend to 5 cents, halves board member pay

Ford cuts dividend to 5 cents, halves board member pay

Dale Jewett
Automotive News

DETROIT -- Ford Motor Co. has cut its quarterly stock dividend in half to 5 cents per share for the third quarter. The dividend will be paid Sept. 1.

Also, the 12 members of Ford's board of directors cut their pay in half, the automaker said Thursday.

Before Thursday, Ford board members were each getting annual pay of $200,000. Of that amount, $80,000 was in cash and $120,000 in deferred stock. Now, directors will get $40,000 in cash and $60,000 in deferred stock.

In addition, Irvine Hockaday Jr. was paid an extra $10,000 a year as the board’s presiding director. He will now be paid $5,000. Also, the five directors who chair the board’s committees were paid an extra $5,000 a year. They will now get $2,500 extra.

Ford will still provide new vehicles to board members.

The company had paid a quarterly dividend of 10 cents per share since the first quarter of 2002. It paid 15 cents per share in the fourth quarter of 2001 and before that 30 cents per share.

"Our directors are well-aware of the difficulties and sacrifices involved in turning around our company," CEO Bill Ford said in a statement.
__________________
Stacy94PGT
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....
Stacy94PGT is offline   Reply With Quote
Sponsored Links
Advertisement
 
Reply

  Ford Forums - Mustang Forum, Ford Trucks, Ford Focus and Ford Cars > Fordforums Community > Latest Ford News and Racing News > Ford Worldwide News



Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On


Powered by vBadvanced CMPS v3.2.2

All times are GMT -7. The time now is 02:01.



Powered by vBulletin® Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.6.0
Garage Plus vBulletin Plugins by Drive Thru Online, Inc.