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 [...]
In the third annual Financial Times ArcelorMittal Boldness in Business Awards, FoMoCo’s President and CEO Alan Mulally has been named the Person of the Year. To be recognized as the Persona of the Year, individuals must challenge the status quo and take calculated risks to drive their company’s business forward in the face of current [...]
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 [...]
With the national average price of gasoline north of $3.50 per gallon, FoMoCo CEO Alan Mulally says that his company is in a much better position to withstand the fallout that rising fuel prices bring upon the industry than it was three years ago, when gas prices broke $4.00 per gallon. Mulally admitted that the [...]
FoMoCo’s CEO Alan Mulally and Executive Chairman Bill Ford Jr., are going to be partying hard this coming weekend. According to its filing with the Securities and Exchange Commission on Monday, Mulally was awarded stock worth $56.5 million before taxes, while Bill Ford got stock worth $42.4 million. Of course, Mulally’s compensation is well worth it [...]
FoMoCo President and CEO Alan Mulally has been at the reigns for almost five years now, and much if what he set out to do has been achieved. His employment contract however, does not set out a finite term of service, and this leaves investors with questions about Ford’s plan for his successor, when the [...]
No surprise to us but Ford’s CEO Alan Mulally has confirmed that the Euro-design Vertrek Concept will give the company ‘a great opportunity’ to unify its two C-segment SUVs – the Kuga and the Escape. The next-generation Ford Escape and Kuga will hit the markets in mid to late 2012 and both will adopt the [...]
While popular Detroit CEO Alan Mulally has no plans to retire soon, Ford apparently has a lot of internal talent needed to hire the next chief from within the company, Executive Chairman Bill Ford said. In an interview with Reuters, Bill said that Mulally has groomed a strong team of potential successors for whenever he [...]
Ever since Ford announced that it will be closing down Mercury and investing its resources into Lincoln, we have yet to see/hear anything game changing from the luxury brand. That’s not to say we haven’t head anything that may benefit Lincoln sometime in the future – like: All Lincolns to get EcoBoost engines, new V6 [...]
Audi has confirmed that Rupert Stadler, Chairman of the Board of Management of Audi AG, has been invited to the Consumer Electronics Show to give a keynote speech, the leading trade fair for consumer electronics, in Las Vegas on January 6. Following Stadler’s keynote, visitors can also experience the brand with the four rings at [...]
