Ford workers to get 'modest' bonuses
Published: Fri, Mar. 09, 2007 12:00AM
Modified Fri, Mar. 09, 2007 03:46AM
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closeFord, which had been criticized by union leaders over the prospect of bonuses for management, said that all of its employees would receive a "modest" bonus.
Ford is rewarding its workers even though it lost $12.7 billion last year and mortgaged most of its assets.
The announcement came a week after Ford revealed in a regulatory filing that it had increased CEO Alan Mulally's stock option bonus by $1 million to $6 million.
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