Ford CEO Mulally gets $28.18 mln '06 compensation

Ford Motor Co., which posted a loss of $12.7 billion last year, said on Thursday Chief Executive Alan Mulally received $28.18 million compensation in 2006, including an $18.5 million bonus.

Mulally, a former Boeing Co. executive, replaced Ford family scion Bill Ford Jr. as chief executive last September.

Chairman Bill Ford, who was CEO for the first eight months of 2006, did not receive any cash salary, bonus, or stock awards for 2006 as he had made a commitment in 2005 to forgo any new remuneration until the auto unit made sustained profits.

Read Full Article from Reuters.uk

- Posted: 2007-04-05 10:37:38

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