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Ford CEO received US$26.5 million in total compensation for 2011

By SYF77 on 05 Apr 2012

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It seems that Dr Martin Winterkorn isn’t the only automotive CEO who got a fat compensation for 2011. Ford CEO, Alan Mulally, certainly has a good reason to smile as he received US$29.5 million in total compensation, including $2 million in salary and a $5.46 million cash bonus.

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Total compensation includes stock and option awards as well as personal expenses, which can entail personal use of private aircraft, cell phone use, security, and fuel and car washes. This is an increase of 11.3% over the US$26.5 million that Mulally received in 2010, which included $1.4 million in salary and $3.1 million in cash bonus.

Not only that, Ford announced in early March that Mulally received US$58.3 million in company stock as a reward for the carmaker’s turnaround. Ford earned US$29.5 billion over the last three years after being in the red from 2006 to 2008 and losing US$30.1 billion in the process.

Regarding Mulally’s compensation, Ford’s spokesman, Jay Cooney commented that the compensation committee felt that the company’s exceptional performance in 2011 merited the awards. Ford exceeded its 2011 targets for global profits before tax and global automotive operating-related cash flow. However, it failed to meet internal targets for cost performance, market share and quality.

Ford’s share price traded as low as $1.01 on 20 Nov 2008 and is hovering around $12 per share now. The company has restored its shareholder dividends for the first quarter of 2012 after suspending the payouts more than five years ago. If you have invested in Ford back in 2008, you would be grinning from ear to ear too.

With interesting new products such as the all-new Ford Fusion/Mondeo (above) and the 1.0 Ecoboost Focus, the American automaker looks set to carry on its momentum into 2012.

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Written by SYF77
I have been a car fanatic since 1989, when my father was changing our family car then to a Toyota Corolla 1.6 GL fitted with a Twin Cam 16 valve engine that was carburetor-fed, a big deal back in those days. The automobile technology and industry fascinates me and I hope to broadcast these interesting developments to everyone out there through this blog.

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Jamesc Apr 06 2012 10:39 AM
He deserves it. He didn't let his company go bankrupt like GM.

Anyway love the new Fusion/Mondeo. Lancer EX front and Audi A5 back.

Very nice.

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