Business & Economy

Sharing the wealth

Business | Ford CEO receives $18 million bonus in lieu of an annual salary
by Dan Perkins
Posted 3/26/05, 12:00 am

Imagine heading up one of the nation's largest corporations, one with more than 300,000 employees, and not accepting a penny in salary for four years.

That's the case at Ford Motor Company where Bill Ford took over as chief executive in 2001 on the condition that his compensation be based on the performance of the company.

That plan paid off last week as the board of directors rewarded Mr. Ford with an $18 million bonus in stock grants and options after the company increased its revenues by more than $3 billion last year.

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Costly speech

Business | The popularity of blogs has caused the number of employees being fired for comments made about their employers rise
by Dan Perkins
Posted 3/19/05, 12:00 am

The first Amendment protects speech from government restriction, but it doesn't force companies to employ those who speak freely about them. Private employers in most states are free to fire their employees at will, as long as the firing is not discriminatory or in retaliation for whistle-blowing or union organizing.

With the popularity of web journals, or blogs, the number of employees being fired for comments made about their employers is on the rise.

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Follow the leaders

Business | Cincinnati-based Federated Department Stores Inc.
by Dan Perkins
Posted 3/12/05, 12:00 am

For some investors, one way to make money is to find a company that is the target of a buyout and purchase its stock before the merger is announced.

It's a risky strategy, but one telltale sign is often movement at the top of the corporate organizational chart. After a merger, only one of the CEOs involved in the deal can maintain the top position with the new company. That often leads the "losing" CEO to leave the company prior to the announcement.

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