Mulally Earns Over $26 Million: Ford Motor Releases 2010 Proxy

DEARBORN (WWJ) – It looks like 2010 was a good year for the wallet of Ford CEO Alan Mullally.  Ford’s proxy statement released Friday indicates he earned over $26 million in salary and compensation. 

Mulally earned a $1,400.000 salary, along with a $9-million cash bonus.  The rest of his compensation came through stock.

Last month Ford Motor and Alan Mulally were criticized for the large bonuses given to Mulally (and others). The Detroit News reported at that time that Mulally was defending his bonus and the performance of Ford Motor Company.

“It’s clearly established by the board of directors and it’s tied to the performance of the Ford Motor Co.,” Mulally told reporters outside the White House after a meeting of the President’s Export Council. “I am absolutely pleased with what the Ford team, all stakeholders have done to create an exciting, profitably growing Ford for all of us.”

  • Brian

    This is what’s wrong in American manufacturing. The CEO’s take all the credit and cash bonuses. There is no way he is worth that kind of money. The rich get richer, and the bluecollar workers lose their jobs. We all know the Ford workers had nothing to do with the turn around. What did they get, a paycut?What did we get for our bailout and his bonus? Overpriced vehicles!!!

    • Larry Carlisle

      ford took NO Bail out money, good for them to make on there own. that is how it should be. Thank you Ford for makeing a produck we love to buy and doing it with out my hard taxpaying dollars.

  • A. Sharpe

    If football and basketball coaches deserve salaries in the miillions certainly the CEO of Ford deserves what he is getting.

  • Don J

    Two important things to realize Brian is that Ford didn’t take any TARP or bailout money and they are getting ready to hand out bonus checks to the workers totalling over $200 HUNDRED MILLION Dollars.

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