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Ford Vice Chairman Earned $7.3 Million in Stock, Benefits in 2002.

By Jamie Butters, Detroit Free Press Knight Ridder/Tribune Business News

Apr. 29--It's all in how you do the math.

Ford Motor Co. Chairman and CEO William Clay Ford Jr. earned less than $220,000 last year -- mostly the value of using company airplanes, which the automaker requires for his safety.

But his 2002 income looks more than 100 times bigger -- nearly $23 million -- if you include the potential value of his stock options.

The Free Press counts only the year's cash income -- salary, bonuses, exercised options -- plus the value

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