Ford CEO Alan Mulally has been awarded $58.3 million in company stock for his hand in righting the automaker's fortunes. After taxes, the CEO will receive $34.5 million. According to Automotive News, Mulally will also receive salary and benefits for 2011 on top of the his stock incentives. The stock was handed out as part of an incentive plan associated with the company's performance in 2009. The report says Ford has earned $29.5 billion since then after suffering through $30.1 billion in losses between 2006 and 2008. All told, Mulally has been awarded $100 million in stock in the past two years.

Ford, meanwhile, says that the company believes in a compensation philosophy that ties executives to the interests of the company's shareholders. That's all fine and good, but Mulally's pay scale brought the ire of the United Auto Workers last year, when UAW President Bob King said the compensation was "morally wrong." Zing.

Morally wrong or not, it's hard to argue with Mulally's performance at Ford. The CEO nailed nearly all of his performance targets for 2009 and kept Ford afloat without delving into the federal government's infamous Troubled Asset Relief Program.


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  • 62 Comments
      • 2 Years Ago
      [blocked]
      dukeisduke
      • 2 Years Ago
      It looks like part of it is stock options, where he can exercise and get the difference between the option price and the exercise price, if the stock price increases over time (once they're vested), and the rest are restricted stock units that are converted into shares in 2014. So the actual value will depend on the market, and where Ford's share prices go.
      Walt
      • 2 Years Ago
      Morally wrong? How dare you even suggest such a thing. Let's look at the facts - Alan Mulally saved the jobs of tens of thousands of Ford employees directly and further saved thousands of auto supplier jobs by keeping Ford afloat. Alan Mulally, by virtue of saving those jobs also saved billions of dollars in payroll checks to Ford employees as well as continuing payroll deductions paid directly to fund local, state and the federal government. Alan Mulally saved Ford from bankruptcy and a likely government bailout that would have cost taxpayers several billion dollars. So for all the jobs saved, payroll taxes paid and billions of taxpayer dollars not spent, Alan Mulally was awarded $58.3 million dollars in stock options. Morally speaking, Alan Mulally should be revered by both Ford employees and suppliers as well as every American taxpayer for his accomplishments. That should have been the sole focus of this article.
      • 2 Years Ago
      [blocked]
        webd727
        • 2 Years Ago
        Just think what you could do with $650 million given to you every month by the Federal government. I think you could probably do better than Ford.
      Avinash Machado
      • 2 Years Ago
      Hope Alan Won't retire for many more years.Ford needs him.
      Joseph
      • 2 Years Ago
      40% in taxes, sheesh.
      Dvanos
      • 2 Years Ago
      Well at least he earned it and not stole it.
      DMS502
      • 2 Years Ago
      Alan is good.... but he is not that good. How much money does one person need???
        turbomonkey2k
        • 2 Years Ago
        @DMS502
        How much ______ does one person need? Guess what, it's none of your business. No one needs 50 cars or 50 beanie babies or even 50 baseball cards but guess what? They're allowed to have it with their need for it being questioned. Don't like your current compensation package? Negotiate a new one. If you have something to offer you'll do better. When you start get to a certain level you can even negotiate the bonuses you'll get for exceeding expectations. Allan exceeded expectations and got the bonus he negotiated and therefore deserved. You don't have to like it but you damned well better accept it.
          TelegramSam
          • 2 Years Ago
          @turbomonkey2k
          Sorry, we need to temper the incentives that executives have for the short-term success of a company. Ford has done pretty well, as far as product, under Mulally's direction, but if he has done well, that means everyone beneath him has done well, too. Most executives are not the most competent part of any product development. In fact, they usually need their hand held through all the pertinent details. He earns his money, for sure, but such a large reward for his efforts, undermines the real heroes in any company, the engineers and designers. This promotes BS "Soft-Skills", while undermining real skill, knowledge and experience the application of which can sometimes take more than just the short-term to foster true benefits.
        protovici
        • 2 Years Ago
        @DMS502
        Ummm, not that good?? Have you seen his success at Boeing as well??? Educate yourself brah.
        jinushaun
        • 2 Years Ago
        @DMS502
        It's not a matter of need. It's a matter of compensation of work done. Ford could have either been in the same shitty money-losing boat as GM and Chrysler WITHOUT Mullaly, or making billions WITH Mullaly. I don't know how Bob King can say that Mullaly is not worth the salary or any compensation he gets.
          TelegramSam
          • 2 Years Ago
          @jinushaun
          I don't know if the point was a personal attack on Alan Mulally, as much as pointing to the, in general, perverse compensation executives enjoy compared to people who do ACTUAL WORK. The world is a game to people like him. The company should rightly give back to the individuals under employment that don't get to ever enjoy the luxury of viewing life as a game.
      protovici
      • 2 Years Ago
      Some Pro-Ball players get as much money for less success as this man. Put the company from red ink into black ink, made my Mustangs even better, made my F-150's even better, saved AND created jobs, increased share holder wealth, shall I go on??? I think he deserves every penny.
        alexlivefree
        • 2 Years Ago
        @protovici
        Maybe he does, and Ford is doing great... but on the other hand, what is still going on with the banks is indefensible.
      • 2 Years Ago
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        Dane Grant
        • 2 Years Ago
        Agree.... Unions are NOT our enemies.... Here Here 'Raggja' - Good words!
      Luke
      • 2 Years Ago
      UAW President Bob King said the compensation was "morally wrong." Yeah, cuz he would know ALL about moral standards.
      artandcolour2010
      • 2 Years Ago
      The federal government's "infamous" T.A.R.P. kept us from going over a cliff and saved GM and Chrysler. It wasnecessary and necessary in a minute's time. Hindsight is not always 20:20. It can be damn irritating, too. Without it, we'd be in a far different world right now.
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