3 at Ford Earn Over $1 Million
By Iver Peterson;Special to The New York Times
Ford Motor Co annual proxy statement indicates that chmn Henry Ford 2d, pres Philip Caldwell and executive vice president J Edward Lundy passed $1 million mark in salary and other benefits in '78; statement confirms that auto executives are among most highly paid in US industry; Ford earned $1,057,070, making him highest-paid auto exec; his total income in '77 was $1,011,335; Caldwell went from $971,021 in '77 to $1,040,128 in '78; Lundy went from $961,724 to $1,000,928; co announces that Lundy will retire June 1; Will M Caldwell will succeed him; GM kept salary and bonuses of chmn Thomas A Murphy unchanged from '77 at $975,000; pres Elliott M Estes was given slight raise to $925,000 from $910,000; bd vice chmn Richard L Terrell, who retired Dec 1 '78, earned $850,000; Lee A Iacocca, dismissed as Ford pres in '78, received $1.5 million bonus to become pres of Chrysler Corp and $360,000 annual salary; will receive Ford retirement benefits amounting to $178,500 a yr for next 10 yrs and $175,000 a yr for rest of his life, Chrysler chmn John J Riccardo earned $360,191 in '78, pors, chart compares auto executives salaries (M)