Ford Motor Company Proxy Reports 2006 Ford Executive Compensation

Ford Motor Company Proxy Reports 2006 Executive Compensation

Ford Corporate - Ford Motor Company Proxy Reports 2006 Ford Executive Compensation

DEARBORN, Mich., April 5 /PRNewswire-FirstCall/ -- Ford Motor Company (NYSE:F) today filed its 2007 proxy statement with the Securities and Exchange Commission. The statement outlines compensation for select executives, including William Clay Ford, Jr., executive chairman and former chief executive officer, and Alan Mulally, president and chief executive officer.

The proxy includes a table summary of the total annual compensation provided, granted to, or received by, each of the named executives for 2006. It is important to note that the amounts shown in the Summary Compensation Table associated with stock and option awards reflect the company's accounting expense recognized in our 2006 financial statements for these awards and do not correspond to the actual value that may be recognized by the named executive. Because some of the equity awards have vesting conditions, their costs generally are recognized over multiple years, and the dollar amounts shown generally reflect the company's accounting expense of the awards made during 2006 and prior years.

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