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.

Ford May Earn $1.62 Billion In Quarter 2;

Ford may report an adjusted profit of $1.62 billion for the second quarter of 2010. The company's overhaul of many of its lineups has paid off and Ford has returned to profitability much earlier than analysts and even Ford executives has expected. Ford's latest models can be seen at Birmingham Ford Lincoln Mercury Dealers. Some of Ford's best models have been its 2008-2011 models that have turned the tide in several markets for the automaker. Ford is now competing with Arizona VW models for the subcompact market.

Even foreign competitors like Boston Nissan and Toyota have been watching Ford for its latest developments and some are worried that Ford may end up taking leading positions in markets that have been typically dominated by foreign automobiles. Competing automakers are certainly not going to give up their shares easily, and many competitors are putting out models that are just as fuel efficient as Ford's latest models.


Ford is making large strides in these market segments, and Ford's latest profitability is a sure sign that the company is emerging from the red into the black. Ford is selling the 2011 Taurus for $6,300 more than last year's model, but the Taurus is selling well, and buyers are paying $30,000 or more per vehicle and are adding features such as heated seats and other luxury features. Ford is now one of the top automakers in the United States again, and consumers are really enjoying the new features, fuel efficiency, and capabilities of Ford's latest models. Ford topped a vehicle satisfaction survey earlier this year.

Ford Taurus purchasers are adding new features that they did not include in the past. Ford's latest models feature some of the best technology features that can be found on new models. With the latest positive publicity that Ford has been getting, they are now on the rise as being one of the top vehicle makers in the world and hopefully will continue their progress for the next few years.