United Auto Workers President Bob King thinks that FoMoCo CEO’s pay package is a little to extreme. King said that Mulally’s lucrative pay package was ‘morally wrong’ over the fact that the Dearborn automaker’s CEO received stock worth about $54.5 million from the company.
Mulally, who is greatly responsible for the turnaround of Ford, received 3.8 million shares of stock earlier this month for meeting performance goals set by the company two years ago.
“I think Alan Mulally is a great CEO, but I don’t think any human being in the world deserves that much money. I think it’s outrageous,” said King, “I like Alan Mulally. But I just think it’s morally wrong.”
What do you guys think? Is Mulally overpaid? Let us know in the comments section after the jump.
– By: Omar Rana