Loading…
Thursday, August 21, 2014
Current Weather
Loading Current Weather....
HomeNewsNation
Published: Saturday, 3/31/2012

Ford CEO compensation rises 11% to $29.5 million

BLADE STAFF AND NEWS SERVICES

 

DEARBORN, Mich. -- The pay package for Alan Mulally, Ford Motor Co. chief executive officer, rose 11 percent last year to $29.5 million, or a little more than $5 per vehicle sold, the company said Friday in a filing with the Securities and Exchange Commission.

Mr. Mulally's salary was $2 million, up 43 percent from 2010, and he received stock awards valued at $13.9 million, up 86 percent from the prior year. But his performance bonus dropped 42 percent to $1.8 million because Ford fell short of targets in some areas. He also received $612,587 in other compensation such as use of a private jet, a personal car and driver, and security.

The filing also said Ford's annual meeting is to be held May 10 in Wilmington, Del.

 



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.