FORD <F> AWARDS BONUSES OF 164.3 MLN DLRS
Ford Motor Co said it awarded 164.3 mln
dlrs in bonuses to 5,528 executives based on the company's
record 3.3 billion dlrs in 1986 profits.
    The number two U.S. automaker said chairman Donald Petersen
last year collected more than 4.3 mln dlrs, inlcuing salary of
660,772 dlrs, a 1.3 mln dlr bonus and nearly 2.4 mln dlrs from
exercising stock options.
    Ford said each of it five top executives received bonuses
which swelled their pay last year past the one mln dlr mark.
    Ford said it last month paid 371 mln dlrs in profit-sharing
to 160,000 hourly and salaried employees in the U.S.
    The company also disclosed in its proxy statement mailed to
262,000 shareholders for Ford's May 14 annual meeting in
Detroit that directors John Connally and Carter Burgess are
retiring from its board and that Irvine Hockaday Jr, president
of Hallmark Cards Inc of Kansas City, Mo, is being nominated
for a board seat.
 Reuter
