Ford reports 29% drop in CEO Alan Mulally's compensation


DEARBORN, Mich. — Ford Motor Co. CEO Alan Mulally’s compensation fell 29 percent to $20.95 million in 2012 as the company’s board weighed record North American profits and quality improvements against heavy losses in Europe and lower market share in the United States and elsewhere.

Ford reported Mr. Mulally’s compensation Friday in its annual proxy filing with the federal government.

Mr. Mulally earned $2 million in salary, the same as he earned in 2011. But his bonus fell 27 percent to $1.3 million, and his stock awards dropped by half to $6.8 million. He received $7.5 million in stock options, the same as in 2011.