Bill Ford's 5-Year Paycheck!

There may be some great Chevy Malibu Deals going on right now, but the news that Bill Ford can bring to Ford Motor Company might be even bigger and better!  Bill Ford is the great-grandson of founder Henry Ford, who started Ford Motor Company in 1903.  Bill Ford declared in May of 2005 that he would no longer accept payments until Ford Motor Company began churning a profit again.  This happy story makes you wonder how many other executives have done something similar; perhaps at Peoria Volkswagen or Miami Freightliner Trucks?  It is unlikely, but we do know that the CEO of Toyota took a major, major pay cut after the Toyota recalls and many of their higher-up executives refused bonuses and also took voluntary pay cuts.

Bill Ford is the Executive Chairman, and after five years of refusing compensation, he is being given a paycheck in the amount of $4.2 million, which is payment from the beginning of 2008 up until present day.  He refused compensation until Ford was profitable, and with profits of $4.8 billion in 2009, the compensation committee came to an agreement that it was time to start paying the man again!  Bill Ford acted as CEO from 2001 until 2006 when Alan Mulally became chief executive.  For 2009 and 2010, both Bill Ford and Alan Mulally took 30% pay cuts until the business was out of the red.  

So how had Bill Ford been surviving since 2005?  Well, he used personal loans and purchased stock in 2004 and 2005.  According the the U.S. SEC, Bill Ford sold some of his personal shares of Ford Motor Company stock and received $28 million, some of which he used to repay his personal loans from 2004 through 2005.  Bill Ford also made a $1 million contribution to the scholarship he established in 2005 for the children of Ford Motor Company employees.

Mullaly's Plan for Succes is to Keep It Simple;

Ford has entered into its fourth year of its turnaround plan and things are going better than expected to say the least. Volkswagen is a major Ford competitor and their models can be found at a local VW Dealer. CEO Alan Mulally has been credited for many of the major ideas and for the leadership that has brought Ford out of the brink of bankruptcy and back into profitability. Some of the latest Ford models have been major hits and they can be found at a Raleigh Ford Dealer.

A Quick Lane Richmond service station can service the latest Ford models and other models as well. Ford has been driven to simplicity since 2006 and has reduced its number of models while focusing on the models that have shown to be the most profitable. There are two major Ford focuses: Ford and Lincoln. At one point Ford has 8 brands of vehicles including Ford, Lincoln,Mercury, Jaguar, Aston Martin, Land Rover, Volvo and Mazda.

Ford's first half profits of $3.45 billion are among the best that the company has made in several years. Ford is capable of becoming one of the top automakers in the world again if it keeps up this level of growth and profitability.

Models such as the Ford Fusion, Ford Explorer, Ford Focus, and others have sold very well for 2010 thus far, and the Fiesta will be another top seller most likely for the North American market in which Ford hopes to expand its subcompact model offerings into.

It is likely that Ford will continue to develop market shares throughout the world and in the United States with its latest EcoBoost technology. The technology can be found on the Ford Explorer models and on several other models as well. The technology can boost engine output by a large amount.