Rochester, NY 7/15/2009 2:38:41 AM
F - Ford Does Not Take the Visteon Bonus Plan Lying Down
Ford Motor Co.
FORD MOTOR CO, F
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Ford Motor Co. has stepped up and objected to the multi-million dollar ($80.1M) proposed bonus plan proposed in their bankruptcy filings.
Ford say the plan is "too rich" for this economic climate. The plan which is basically an employee incentive plan is at odds with what Ford believe should handed out. Ford went on to state that Visteon is also at odds with similar executive perks that have been eliminated at GM and Chrysler, both of whom have just come from bankruptcies.
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