Ford’s CEO Mullaly gets stock worth $56.5 million, Bill Ford gets stock worth $42.4 million

Ford CEO Alan Mulally with Executive Chairman Bill Ford
Ford CEO Alan Mulally with Executive Chairman Bill Ford

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 since the Dearborn automaker was in a¬†financial peril when he took over in 2006.

In 2010, Ford made $6.6 billion, making it the company’s best years since 1999. Sales were up almost 20 percent.

– By: Omar Rana

Source: MSNBC