Ford Motor top managers who are trying to save the company have accepted that their salaries have agreed to considerably cut their salaries. The company top-managers William Ford and Alan Malalli will be receiving 30% less salary in 2009 and 1010. Board of Directors members are not going to receive the cash compensation. Staff and line management will not have performance bonus in 2009.
As well Ford managed to agree with trade unions: they are allowed to compensate medical insurance costs not by cash but by options.
Ford is declining the state support while General Motors and Chrysler are still conducting negotiations with the government.
