Compensation

DETROIT -- Struggling Ford Motor Co., which posted a record $12.7 billion loss in 2006, agreed to pay its new CEO, Alan R. Mulally, more than $28 million to help rescue the 103-year-old automaker, according to a filing yesterday with the Securities and Exchange Commission. Mulally, a former Boeing Co. executive who was the keynote speaker at the New York auto show this week, publicly accepted the Ford job in September. While his annual salary is set at $2 million, his compensation package for last year included $666,667 in salary for the final quarter of the year, as well as a host of other add-ons.

T. Rowe Price Associates Inc. held bonuses flat for its top three executives last year, paying them $7.61 million, despite a record year for the company.George A. Roche, chairman and president, and Vice Chairmen James S. Riepe and M. David Testa each received a bonus of $2.25 million in addition to salaries of $287,500.For each of the three, total 1998 compensation was $2.54 million, up $12,500 from what they were paid in 1997, according to a proxy statement filed yesterday with the Securities and Exchange Commission.

WASHINGTON -- Class-action lawyers who sued on behalf of Nazi-era slave laborers stand to make up to $50 million -- or less than 1 percent of the landmark settlement, which was agreed upon by the German government and German corporations and hailed yesterday by President Clinton as "an extraordinary achievement."Legal fees have not been finalized, but Burt Neuborne, a New York University law professor and attorney on the case, said compensation would be no higher than $50 million, or less than 1 percent of the $5.1 billion fund that German industry and government officials will set aside for laborers impressed into service during World War II.That would be a fraction of the amount sought by some of the lawyers, a sum as high as $220 million.

Gov. Parris N. Glendening announced yesterday the state's approval of an increase of $50,000 for each of the next three years in its annual payment to Annapolis for police and fire services -- a boost that city officials have lobbied for since the late 1980s.The state's compensation -- now called a "Capital City Grant" instead of payment in lieu of taxes -- will rise to $317,000 next year, $367,000 the year after, and $417,000 in 2002.Annapolis officials and state delegates who represent the city have long pressed for full compensation for services provided to state agencies, whose land in the city is tax-exempt.

Yesterday's Howard County edition of The Sun incorrectly reported that Guy Guzzone, Democratic candidate for County Council District 3, said he wants to improve compensation for both police officers and firefighters. He has talked about improving compensation only for police officers.The Sun regrets the error.Pub Date: 10/06/98

Dear Mr. Azrael:I would like some information on how the city can force a property owner out of their property if they refuse to sell it.I recently attended a meeting for a cousin of mine because she had received a letter from the city for acquisition of her property to make way for the new 260 family homes known as the Julian Murphy Garden.I never received notice for my house, but learned at the meeting that the 1000 block of Argyle Avenue may be torn down, too. Please explain this matter to me.Mirdies O. ParrottBaltimoreDear Ms. Parrott:Article III, Section 40A governs the type of condemnation by Baltimore that you describe in your letter.

ON Oct. 26, I asked the State Board of Education to endorse a three-pronged proposal to help provide Maryland's classrooms with qualified teachers as we enter the next century. The proposal is designed to help school systems compete with private businesses for college graduates in the face of a projected teacher shortage in the next decade.We must attract our best and brightest candidates to this critical and potentially most satisfying career, and encourage teachers to improve their skills as they mature in the profession.

US Airways top executive Stephen M. Wolf, who was hired to reverse the fortunes of the struggling carrier, received a compensation package valued at $5.79 million last year, excluding a yet to be determined annual bonus.Wolf, was paid $451,923 in salary and also received 325,000 restricted shares, which at $15.75 each are worth $5.1 million, that can be exercised gradually each January for four years, according to the company's definitive 1996 proxy statement, filed this week with the Securities and Exchange Commission.

USF&G Corp.'s president and chief executive officer, Norman P. Blake Jr., received a pay package last year totaling $3.1 million, up 26 percent from the year before, according to the company's proxy statement.Blake received a $2.1 million bonus on top of a base salary of $858,815, plus $153,223 in other compensation. He also was granted options to buy 252,900 shares of company stock.Blake, who joined the once-troubled, Baltimore-based company in 1990, is credited with helping to revive the insurer, which has $14.5 billion in assets.

JOHANNESBURG, South Africa -- John Rakhetsi, 24, has a body full of birdshot. Some wounds still bleed 13 years after he was hit, back and front, by two blasts from a police shotgun.Sylvia Dlomo-Jele, 57, lost her 17-year-old son, a political activist, when police put a bullet in his head, she says.How much in reparations should they and other victims of South Africa's apartheid years now be paid? Of all the rending questions left in the aftermath of the white minority's ruthless and violent subjugation of the black majority here, this is one of the most sensitive.

Shed no tears for those pillars of Wall Street who will soon be forced to get by on an annual salaries as low as - gasp - $500,000. The nation deserves something for ponying up billions of dollars in bailout money; a little less conspicuous consumption is the least they could do. As expected, Obama administration pay czar Kenneth R. Feinberg's plans will affect fewer than 200 executives at such major bailout recipients as AIG, Bank of America, General Motors...

Constellation Energy Group dominated the list of the most highly paid local executives in 2007, a year in which the company's stock price rose nearly 50 percent. Leaders at the Baltimore Gas and Electric Co. parent accounted for four of the top 10 - and more than $40 million in compensation combined. Topping all other executives at publicly traded companies was Constellation Chief Executive Officer Mayo A. Shattuck III, who earned about $14 million last year in salary, stock awards, options and the like.

Airline passengers involuntarily bumped from oversold flights will receive as much as $800 in compensation - double the current limit - under new federal rules announced yesterday in a move the government hopes will increase protections for passengers bedeviled by increasing congestion and delays. Such passengers rescheduled to arrive more than two hours late at their domestic destination will be entitled to twice the cost of their ticket, up to $800. Those delayed between one and two hours will receive the value of their ticket, up to $400.

DETROIT -- Struggling Ford Motor Co., which posted a record $12.7 billion loss in 2006, agreed to pay its new CEO, Alan R. Mulally, more than $28 million to help rescue the 103-year-old automaker, according to a filing yesterday with the Securities and Exchange Commission. Mulally, a former Boeing Co. executive who was the keynote speaker at the New York auto show this week, publicly accepted the Ford job in September. While his annual salary is set at $2 million, his compensation package for last year included $666,667 in salary for the final quarter of the year, as well as a host of other add-ons.

Property owners whose land or buildings are taken through eminent domain could reap more compensation from governments under legislation approved yesterday by the Maryland Senate. The bill, which passed unanimously, would allow for higher compensation packages for property owners, including relocation expenses. For instance, the bill lifts a $10,000 cap on costs to re-establish a farm, small business or nonprofit group, raising it to $60,000. The bill also forces state and local governments to move forward with eminent domain proceedings within three years of initiating the process.

As the courts wrestle with how much authority governments should have to seize private property, some Maryland legislators are uniting behind a proposal to boost compensation for owners whose property is taken. Eminent domain became a hot-button issue last year - an election year - after the U.S. Supreme Court ruled that the economically depressed city of New London, Conn., could seize property to make way for a private developer. Last month, though, Maryland's highest court ruled that Baltimore City had no good reason to acquire a Charles North bar under a sped-up version of eminent domain called "quick take."

Boosting worker morale urged to offset bad days No matter how functional, caring, effective and successful your company is - and many people would hardly describe theirs in such a manner - there will come a day when you're disappointed. That's why many organizations would be well-served establishing an "emotional bank account" with workers for when that miserable rainy day arrives, suggests Quint Studer, a coaching expert and chief executive of Studer Group, based in Gulf Breeze, Fla. Here are a few tips: Diagnose satisfaction, then act. Many organizations assess employees' complaints, satisfaction, problems.

PARIS - Libya is expected to sign a deal today to pay additional compensation to the families of 170 people killed in the 1989 bombing of a French airliner, clearing the way for improved ties with France. "We are trying to reach an accord for tomorrow," Guillaume Denoix de Saint Marc told Reuters yesterday. Denoix de Saint Marc's father was killed when the jet, belonging to the French air carrier UTA, blew up over the African nation of Niger. The compensation dispute, which surfaced after Libya agreed to pay $2.7 billion in compensation for the 1988 bombing of a Pan Am jet over Lockerbie, Scotland, had threatened to block improvement of the country's relations with France.

Several state lawmakers are looking for ways to revise Maryland's system for compensating the wrongly convicted, saying the current process is demeaning and could pose financial dangers. Members of the House Judiciary Committee met yesterday to get more information about the issue from representatives of the governor's office, the state Board of Public Works and the Maryland Parole Commission. Throughout the meeting, delegates said they were uncomfortable with the current set-up, in which exonerated individuals must obtain a pardon from the governor before they can receive compensation.

Martha Stewart Living Omnimedia Inc. had the roughest year of its short life as a public company in 2002. In June, Martha Stewart, its chairwoman and chief executive, came under scrutiny for her sale of shares in ImClone Systems Inc., and her company's share price, ad sales and public image all began a downward spiral from which they have yet to recover. And the board has expressed its disappointment by giving Stewart a bonus of $680,000 - about 42 percent less than the $1.16 million she took home in 2001, according to the company's proxy statement filed late Monday with the Securities and Exchange Commission.