$950,000 Bonus for Ford Chief

Ford Motor Co. announced today that it paid former Chairman Philip Caldwell a $630,000 salary and $950,000 bonus for 1984, more than he received a year earlier, when auto executives’ pay brought criticism from unions and the Reagan Administration.

The disclosure was made in Ford’s yearly compensation announcement for the top five officers. Caldwell was in his final year as the first non-family head of the nation’s No. 2 auto company. The 1983 bonus for Caldwell and his management team set off a wave of criticism against the U.S. auto industry. Ford said its former President Donald Petersen, who has replaced Caldwell as chairman, earned a salary of $487,000 and a bonus of $750,000 for 1984.