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This newspaper page contains 3 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jan 29, 2011
Page
7
Ford Motor Co will pay nearly 40000 hourly workers a bonus approaching 5000 dollars as the company posts a 6.6 billion dollar net profit for 2010, its best in a decade. The profit sharing comes despite an 80 percent drop in Q4 earnings and a stock decline after results missed expectations.
American Express says chairman and CEO Kenneth Chenault sold 170000 shares at 44.36 to 44.75 each, totaling about 7.6 million. The move shifts incentive pay toward restricted stock vesting January 2012, with half held until one year after retirement. Chenault owns 917,624 shares and will gain 122,124 more when RSUs vest.
The article reports Taco Bell launching full page ads in major newspapers and a YouTube campaign to defend its taco filling as 88 percent beef after a federal lawsuit claimed the mixture failed to meet beef standards. It cites industry experts and quotes customers in Louisville, Kentucky reacting to the dispute.
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