• Sep 7th 2006 at 8:01PM
  • 20
New Ford Motor Company CEO Alan Mulally will make some mad cash according to the Detroit News -- at least $10 million clams in compensation, in fact. The high sticker comes as no surprise given the fact that Bill Ford has had such a hard time finding somebody to take over his job, including the likes of Carlos Ghosn and Dieter Zetsche. It also comes as no surprise since Mulally was Boeing's second-highest paid executive at a mere $9.9 million compensation package in 2005, and Ford had no choice but to offer him a better deal.
Among his Boeing perks was a 104-percent pay increase for 2005 over 2004, $83,000 in personal use of the company jet, company cars and club memberships for business purposes. His base pay in 2005 was $825,000.

[Source: Detroit News]

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    • 1 Second Ago
      • 9 Years Ago
      I sure wouldn't want to be paid in $10 million clams. What bank would accept them?
      • 9 Years Ago
      #23 I've always thought you should get paid well for your efforts (anyone, not just the upper end)but you have to have the compensation geared to what the results are that you expect. If the results are produced and the company does very well then you are deserving of your compensation and perhaps even more.

      The CEO should also demand more, not just of his employees but of the board also. Good leadership starts at the top it sets the tone for the entire company, if done correctly it fosters more bottom up ideas and respect through the entire organization. You know that little guy on the line, might just have a breathrough idea, because he works with it everyday. It keeps the juices flowing.

      What kills companies? Complacency
      • 9 Years Ago
      Breaking News:
      Alan Mullaly fired! Bill Ford today admitted he made a mistake in determining the CEO's paycheck. Ford has quoted to have said that he "mistyped the decimal point one place too far". Speculation is rife, but auto analyists are confindent that Ford Motor Company will outsource its CEO operations to call center backoffices in Bangalore.
      • 9 Years Ago
      Holy Crap batman. That is crazy. Nine million of that pay should go back into engineering!
      • 9 Years Ago
      This guy in only worth about 1 million, but because of the UAW Ford has to pay him at least 10 million. He's going to be sorry when he runs Ford out of business, or when Ford replaces him with a cheaper, harder working CEO from a foreign country like Brittan or Germany. Damn American CEOs and their entitlement mindset.
      • 9 Years Ago
      I would rather they paid him in stock at a certain amount per year and required him to hold onto some of it for five years after employment ended, at least then he would have massive incentives to raise that stock price.

      Then again, if he was already making that much money at Boeing he was probably a fool to leave to take over a dying company like Ford.
      • 9 Years Ago
      That's chump change compared to what some "professional" athletes make. How does $20 million/year for six years to play baseball sound?
      • 9 Years Ago
      Wow give me a chance to run your company Bill!

      Just for one year, if I suck at it I`ll leave. If I do well for you I`ll stay on.

      Either way, one year is all I`ll ever need.
      • 9 Years Ago
      Why not hire Donald Trump?

      I really hope Alan`s $$$$heart$$$$ is in the job at hand.

      The concept of Donald Trump running an auto company is interesting.
      • 9 Years Ago
      America....where corporations pay top dollar, and then some, when it comes to the salary of top management, but put the screws to our suppliers and our own employees.
      • 9 Years Ago
      DJ, Ford lost ~$240 million last quarter, not $1-2 billion as you claim. It was even posted here on Autoblog.
      • 9 Years Ago
      CEOs and other top executives are paid by the shareholders, not by the company. Of course, the value of the shares is determined by company performance.
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