It looks like Ford is willing to pay and pay well for its top brass and it looks like CEO Allan Mulally has been given the biggest piece of that.
From Automotive news
-- Mulally was paid a base salary of $2 million and incentive bonus awards of $7 million. The $21.7 million total included salary, bonuses, company-recognized expense for stock options and other stock awards, plus other compensation such as vehicle and travel expenses.
Mulally collected $28.2 million in 2006, which included $11 million to compensate him for compensation forfeited when he left his previous employer, Boeing Co.
Amazingly I have no qualms with this as long a he delivers and Ford returns to profitability,otherwise this is just an example of how the compensation plan at the top doesn't seem to reflect what the rest of the world considers a reasonable salary .
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