More Cuts At Ford (F), Bill Ford Keeps Chairman’s Job

Posted: June 5, 2008 at 9:43 am

Ford (F) will be cutting 15% of its white collar expenses before August 15.

According to Reuters, Ford said "We told employees today we are going to cut salaried work force-related expenses by 15 percent and complete the actions by August 1."

Oddly enough, the CEO will not be taking a pay cut, and chairman Bill Ford, who almost wrecked the company, will also still be around.

Douglas A. McIntyre

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