Ford cuts stock bonuses for half of middle managers to improve performance and competitiveness.
Ford is cutting stock bonuses for about half of its middle managers to reduce costs and boost performance, according to insiders. The move is part of CEO Jim Farley's plan to make Ford more competitive, especially as the company faces challenges in its electric and fuel-powered vehicle divisions. Ford's stock has fallen about 23% over the past year, while competitor General Motors has seen a 23% rise.
2 months ago
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