Ford Proxy Reports Executive Compensation For 2000

Apr 10, 2001, 01:00 ET from Ford Motor Company

    DEARBORN, Mich., April 10 /PRNewswire/ -- Ford Motor Company (NYSE:   F)
 filed its 2001 proxy statement with the Securities and Exchange Commission
 today.  The statement outlines 2000 compensation for the top five executives
 of the company.
     The highest paid of the five named executives was Ford President and CEO
 Jacques Nasser, who earned $12,145,110 in salary, bonus and other
 compensation.  Nasser also received $3,556,581 payable in common stock under
 the Long-Term Incentive Plan (LTIP).
     Bonus compensation for the five named executives listed in the proxy
 statement largely reflects Ford's budgeted pre-tax income, adjusted for
 performance against goals for corporate shareholder value added and automotive
 shareholder value added returns.  Customer satisfaction results and Ford Motor
 Credit Company shareholder value added are also factors in the bonus formula.
     The Compensation Committee of Ford's Board of Directors, which is composed
 of non-employee directors, determines compensation of the executives listed in
 the proxy statement.
     Nasser received $1,625,000 in salary and a bonus of $7,700,000 for 2000.
 For 1999, Nasser earned $1,500,000 in salary and a bonus of $6,722,000.
     For 2000, Nasser also received other annual compensation of $2,722,612.
 This primarily represents cash dividend equivalents on Performance Stock
 Rights, Contingent Stock Rights and Restricted Stock Units awarded under the
 plan.  In addition, Nasser received a total of $97,498 in matching
 contributions under Ford's salaried employee savings and stock investment plan
 (SSIP), and a separate company plan designed to offset IRS limitations
 relating to the SSIP.
     Nasser's LTIP award and the awards for the other executives listed in the
 proxy statement represent the final awards for the 1997-1999 performance
 period.  LTIP awards for the 3-year performance period ending in 2000 will not
 be determined until mid-year 2001.  Long-term incentive compensation is based
 on the achievement of long-term corporate objectives set by the Compensation
 Committee.  The final value of LTIP awards is dependent on the performance of
 Ford stock over time.
     As of Dec. 31, 2000, Nasser held options to purchase 4,531,866 shares of
 common stock, including a 2000 grant of 10-year options to purchase 906,703
 shares of Ford common stock at an exercise price of $22.73.
     The 2000 compensation of the following company officers also is summarized
 in the proxy statement:
 
     *  W. Wayne Booker, vice chairman, earned $3,311,766 for 2000.  That total
 includes $805,000 in salary and $2,000,000 in bonus, as well as other
 compensation totaling $506,766, including $48,294 in SSIP matching
 contributions and related credits.  Booker received an LTIP award of
 $2,133,968, which was paid in common stock.  He was also awarded options to
 purchase 181,340 shares of common stock.
     *  Richard Parry-Jones, group vice president for Global Product
 Development and Quality, earned $2,266,332 for 2000.  That includes $532,083
 in salary and $1,400,000 in bonus, as well as other compensation totaling
 $334,249, including $75,935 in SSIP matching contributions and related
 credits.  Parry-Jones received an LTIP award of $1,066,960, which was paid in
 common stock.  He was also awarded options to purchase 90,670 shares of common
 stock.
     *  Wolfgang W. Reitzle, group vice president for Premier Automotive Group,
 earned $2,963,754 for 2000.  That total includes $793,769 in salary and
 $1,750,000 in bonus, as well as other compensation totaling $419,985.  He was
 also awarded options to purchase 108,804 shares of common stock.
     *  Robert Rewey, former group vice president for Global Consumer Services
 and North America, earned $2,793,822 for 2000.  That total includes $733,750
 in salary and $1,750,000 in bonus, as well as other compensation totaling
 $310,072, including $44,022 in SSIP matching contributions and related
 credits.  Rewey received an LTIP award of $1,778,267 payable in common stock.
 He also was awarded options to purchase 90,670 shares of common stock.
 
     A proxy statement and proxy card are being mailed to Ford Motor Company
 common and Class B shareholders today.  The 2001 Annual Meeting of
 Shareholders will be held at 10 a.m. (CT), Thursday, May 10, at The Fitzgerald
 Theater, 10 East Exchange St., St. Paul, Minn.
 
 

SOURCE Ford Motor Company
    DEARBORN, Mich., April 10 /PRNewswire/ -- Ford Motor Company (NYSE:   F)
 filed its 2001 proxy statement with the Securities and Exchange Commission
 today.  The statement outlines 2000 compensation for the top five executives
 of the company.
     The highest paid of the five named executives was Ford President and CEO
 Jacques Nasser, who earned $12,145,110 in salary, bonus and other
 compensation.  Nasser also received $3,556,581 payable in common stock under
 the Long-Term Incentive Plan (LTIP).
     Bonus compensation for the five named executives listed in the proxy
 statement largely reflects Ford's budgeted pre-tax income, adjusted for
 performance against goals for corporate shareholder value added and automotive
 shareholder value added returns.  Customer satisfaction results and Ford Motor
 Credit Company shareholder value added are also factors in the bonus formula.
     The Compensation Committee of Ford's Board of Directors, which is composed
 of non-employee directors, determines compensation of the executives listed in
 the proxy statement.
     Nasser received $1,625,000 in salary and a bonus of $7,700,000 for 2000.
 For 1999, Nasser earned $1,500,000 in salary and a bonus of $6,722,000.
     For 2000, Nasser also received other annual compensation of $2,722,612.
 This primarily represents cash dividend equivalents on Performance Stock
 Rights, Contingent Stock Rights and Restricted Stock Units awarded under the
 plan.  In addition, Nasser received a total of $97,498 in matching
 contributions under Ford's salaried employee savings and stock investment plan
 (SSIP), and a separate company plan designed to offset IRS limitations
 relating to the SSIP.
     Nasser's LTIP award and the awards for the other executives listed in the
 proxy statement represent the final awards for the 1997-1999 performance
 period.  LTIP awards for the 3-year performance period ending in 2000 will not
 be determined until mid-year 2001.  Long-term incentive compensation is based
 on the achievement of long-term corporate objectives set by the Compensation
 Committee.  The final value of LTIP awards is dependent on the performance of
 Ford stock over time.
     As of Dec. 31, 2000, Nasser held options to purchase 4,531,866 shares of
 common stock, including a 2000 grant of 10-year options to purchase 906,703
 shares of Ford common stock at an exercise price of $22.73.
     The 2000 compensation of the following company officers also is summarized
 in the proxy statement:
 
     *  W. Wayne Booker, vice chairman, earned $3,311,766 for 2000.  That total
 includes $805,000 in salary and $2,000,000 in bonus, as well as other
 compensation totaling $506,766, including $48,294 in SSIP matching
 contributions and related credits.  Booker received an LTIP award of
 $2,133,968, which was paid in common stock.  He was also awarded options to
 purchase 181,340 shares of common stock.
     *  Richard Parry-Jones, group vice president for Global Product
 Development and Quality, earned $2,266,332 for 2000.  That includes $532,083
 in salary and $1,400,000 in bonus, as well as other compensation totaling
 $334,249, including $75,935 in SSIP matching contributions and related
 credits.  Parry-Jones received an LTIP award of $1,066,960, which was paid in
 common stock.  He was also awarded options to purchase 90,670 shares of common
 stock.
     *  Wolfgang W. Reitzle, group vice president for Premier Automotive Group,
 earned $2,963,754 for 2000.  That total includes $793,769 in salary and
 $1,750,000 in bonus, as well as other compensation totaling $419,985.  He was
 also awarded options to purchase 108,804 shares of common stock.
     *  Robert Rewey, former group vice president for Global Consumer Services
 and North America, earned $2,793,822 for 2000.  That total includes $733,750
 in salary and $1,750,000 in bonus, as well as other compensation totaling
 $310,072, including $44,022 in SSIP matching contributions and related
 credits.  Rewey received an LTIP award of $1,778,267 payable in common stock.
 He also was awarded options to purchase 90,670 shares of common stock.
 
     A proxy statement and proxy card are being mailed to Ford Motor Company
 common and Class B shareholders today.  The 2001 Annual Meeting of
 Shareholders will be held at 10 a.m. (CT), Thursday, May 10, at The Fitzgerald
 Theater, 10 East Exchange St., St. Paul, Minn.
 
 SOURCE  Ford Motor Company

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