May
2012
Sunday, April 03, 2011
TOM KRISHER, MSNBC.com
Submitted by: Kevin J. Ziruolo

Ford CEO Alan Mulally 2010 Pay Package: $26.5 Million

The President and CEO of Ford Motor Co. received a pay package valued at $26.5 million in 2010, up 48 percent from 2009, according to an analysis by The Associated Press.

[AP Excerpt] Alan Mulally, 65, who was hired away from Boeing Co. in 2006 to rescue Ford, received a base salary of $1.4 million. He received stock and option awards valued at nearly $15 million, a $3.1 million bonus and $6.3 million worth of incentive compensation.

Other compensation, for life insurance, contributions to 401K and retirement plans, personal use of private aircraft, security, and housing, totaled $678,029.

Last month the company disclosed in an SEC filing that Mulally would get stock valued at $56.5 million before taxes as part of his compensation from the years before 2010. 

Posted by Editor on 04/03/11 at 11:21 AM •  (0) Comments

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