FoMoCo’s CEO Alan Mulally made nearly $18 million in 2009

FoMoCo’s CEO Alan Mulally received a total compensation package in 2009 that totaled nearly $18 million, including cash, stock options and grants.

Mulally, who voluntarily took a 30 percent reduction in his cash salary, received a total of $1.4 million in cash – down from $2 million in 2008. While Mulally didn’t receive a bonus, his total compensation increased to more than $17.9 million from just under $17 million in 2008.

Executive Chairman Bill Ford continued to work without compensation – he has received no compensation since 2005. His total compensation for 2009, including stock options and grants totaled $16.8 million.

Ford’s Americas President Mark Fields earned $1.3 million last year with a total compensation package coming out to just under $4 million. CFO Lewis Booth was paid $1.2 million with his total compensation coming out to $3.8 million. Ford of Europe Chairman John Fleming earned $750,000 in cash. His total compensation was $3.8 million.

– By: Omar Rana

Source: Detroit News