FORD PAYOUT

BY PHILIP FINE

DONALD Winkler, the Ford Credit chairman and chief executive, who was abruptly dismissed last year, has received a US$962,500 (GBPounds 669,000) severance payout. He received the equivalent of 15 months of salary and, among other benefits, was allowed to keep a Jaguar company car. As part of the pact, Winkler agreed not disparage Ford.

ENDS


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