Ford Motor Co. paid a hefty sum to lure Jim Farley away from Toyota Motor Corp. in 2007, according to a Securities and Exchange Commission filing Tuesday.
Farley, 50, Ford’s group vice president of marketing, sales, service and Lincoln, agreed to come to the Glass House in November 2007 for a $700,000-a-year base salary, a $1.5 million signing bonus and $4.2 million in compensation he would have received had he stayed with his former employer.
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