Ford slashes manager stock bonuses in bid to cut costs, boost performance: sources

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About half the middle managers at Ford Motor F-N will not get stock bonuses this year in what is seen internally as CEO Jim Farley’s latest attempt to cut the automaker’s bloated costs, according to six people familiar with the matter. The stock awards are usually paid in March, but senior managers have been told to select which half of their middle management staff will receive them, four of the sources said. Ford said the change was meant to incentivize an improvement in employee performance. “We are focused on driving a high-performance culture that recognizes and rewards employees for their...