FoMoCo’s President and CEO Alan Mulally was paid $26.5 million while Executive Chairman Bill Ford received $26.4 million in salary bonus and long-term stock options and awards in 2010. The pay packages are by far the industry’s most lucrative ones.
Both Mulally and Bill Ford received salaries of $1.4 million for 2010. Mulally received a $9.45 million cash bonus, stock awards valued at $7.49 million and stock options valued at $7.5 million. He also received $678,029 in other compensations.
Ford earned $6.6 billion in 2010, up from $2.7 billion in 2009.
The pay packages that Ford disclosed today are in addition of the stock awards Mulally and Bill Ford received last month. For Mulally that stock award comes in at $56.5 million before taxes, while Ford was given a stock award valued at $42.4 million before taxes.
– By: Omar Rana
Source: Free Press