Archive for the ‘Business Stories’ Category

BILL FORD RETROACTIVELY PAID FOR WORK AS CHAIRMAN

By Mark Kleis Ford Motor Company’s executive chairman, Bill Ford Jr., vowed five years ago not to take any payment from the automaker that bears his name until the company’s automotive sector achieved a full year of profitability without the aid of special items. Following five consecutive quarters of profitable growth, Bill Ford Jr. will finally end his […]

Robert Rizzo Bell Salary Scandal

City of Bell CA Chief Administrative Officer Robert Rizzo BELL (LALATE) – Bell’s Robert Rizzo and Randy Adams are caught in a salary scandal. Robert Rizzo’s salary as Bell’s Chief Administrative Officer started at $72,000 several years ago. Today, it’s nearly nearly $800,000. Rizzo doesn’t even live in Bell. He lives in a million dollar […]

MULALLY OUT-EARNED TOYODA AND GHOSN COMBINED IN 2009

A new report that focuses on automaker chief executive officer compensation has suggested that Ford’s high-profile CEO, Alan Mulally, managed to bring home more compensation in 2009 than both Akio Toyoda and Carlos Ghosn – combined. The report, compiled by Bloomberg, refers only to the executives’ pay as “compensation,” but falls short of differentiating between salary and […]