The ratio of Hackett's annual compensation to the median of the annual compensation of all employees was 157 to 1, Ford said. Executive Chairman William Ford received a total salary of $16.8 million in 2019, up from $13.8 million in 2018. Government orders for social distancing and businesses to shut in the face of the coronavirus pandemic has stalled demand across the auto industry and sent companies scrambling to cut costs and beef up liquidity....
(Bloomberg) -- With just one tweet, U.S. President Donald Trump conjured up the prospect of a global oil alliance to rescue the industry from the worst shock in history. The question is whether it evaporates just as quickly.After the president’s social-media intervention on Thursday, oil traders are frantically assessing whether Saudi Arabia, Russia and possibly even the U.S. -- the world’s three biggest producers -- are poised to strike a once-unthinkable grand bargain to cut daily supplies in unison by 10 million to 15 million barrels.It’s unclear whether it’s feasible -- or even legal -- for such a coalition to come together. Or indeed whether it would be enough to tame the tsunami of unwanted crude now bearing down on world markets, which could be two to three times bigger than the cut touted by Trump.“It’s too little, too late,” said Ed Morse, head of commodities research at Citigroup Inc. “Cuts...
