Alan Mulally will make at least $10 million/year at Ford

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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