Money Well Spent? Ford's Mulally Cashes In With An $18 MILLION Salary For 2009

Money Well Spent? Ford's Mulally Cashes In With An $18 MILLION Salary For 2009
Ford Motor Co. CEO Alan Mulally's compensation package totaled nearly $18 million, including stock options and grants in 2009, according to company documents released today, but he took a voluntary 30 percent reduction in his cash salary.

Executive Chairman Bill Ford Jr., meanwhile, continued to work without compensation.

Mulally's cash salary was $1.4 million, down from $2 million in 2008. He did not receive a bonus. But his total compensation increased to more than $17.9 million from just under $17 million in 2008. That figure was higher than initially reported, due to changes in accounting rules.





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91z4me91z4me - 3/22/2010 12:05:33 PM
+3 Boost
I think Mulally has done an excellent job at Ford. I see no issue with his compensation.


Joe_LimonJoe_Limon - 3/22/2010 3:29:51 PM
+4 Boost
"No CEO deserves more a mill a year."

My father owns a machine shop and makes a mill a year. If he's not allowed to make more than that, then where is the incentive to run/open more businesses creating hundreds if not thousands more jobs?


bfghemicudabfghemicuda - 3/22/2010 8:57:59 PM
+4 Boost
Joe you hit the nail right on the head. I totaly agree.


upwardsupwards - 3/23/2010 1:35:32 PM
+2 Boost
Flag on the play....... China and high quality can never be in the same sentence . Twenty yard penalty on badge whore.


Joe_LimonJoe_Limon - 3/23/2010 4:29:47 PM
+3 Boost
If salaries were capped at 1million, don't forget that all your social programs would lose trillions of dollars in taxes.


M35MTM35MT - 3/23/2010 8:14:26 PM
0 Boost
Badgewhore, what you'll soon, hopefully learn when you grow up, is some simple facts about motivation, supply and demand.

Maybe you need a history lesson on what made America what it is today. Free enterprise is the only true freedom there is. When someone (Bill Gates for example) creates something that is valuable to society, that will create demand in the market, he should reap the profits. Not the government, not you. He has given millions to charities. Money that is spent directly on those who need it. The government can not do this effectively, it never has been able to do so. Look at medicare and social security, both will soon be bankrupt, this healthcare bill is next.

"A poor man asks me for a shirt, the government took my coat, and gave the poor man pants"


topneurotopneuro - 3/22/2010 2:35:24 PM
+3 Boost
The President of the United States earns a $400,000 annual salary, along with a $50,000 annual expense account, a $100,000 non-taxable travel account and $19,000 for entertainment. The most recent raise in salary was approved by Congress and President Bill Clinton in 1999 and went into effect in 2001.


bfghemicudabfghemicuda - 3/22/2010 8:54:39 PM
+3 Boost
There should be NO limit on what a CEO should receive, PERIOD!!. There are taxes that are paid on those bonuses that help pay for Schools and the like. Bigger the bonus, more taxes paid. Bonuses are reveiled to the shareholders so it can't be hid. It's up to his or her Business knowledge, responsibilities and his or her decisions on making the Corp a success which by the way CREATES JOBS. And of you purchase stock, they will share profitt with you. Isn't that the American Dream? SCREW Socialism, progressive or what ever they call it now. I does not work in any other country and it won't work here. Proof of this is what is happening in this country now. The free enterprise rules are the same for everyone. If you dont like CEO and there compensations then your just not willing to take the responsibility and do the effort. Some would call that "Being Lazy" I call it being jealous. And those that wine like a baby saying "Thats Not Fare" I say Grow a Pair and stop wining be a productive Citizen and stop trying to mooch of the successfull ones. These large Corps and there CEO are the largest givers to the less fortunate in the world.


M35MTM35MT - 3/23/2010 8:22:03 PM
0 Boost
Couldnt have said it better myself


wins555wins555 - 3/23/2010 4:16:36 AM
+2 Boost
IMO, a CEO's compensation must be as basic as a fixed monthly salary with the usual expense allowances plus a portion of the company's earnings at year's end. PERIOD.


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