Ford Motor Co (F.N) Chief Executive Alan Mulally's total compensation rose 48 percent to $26.5 million in 2010 when the automaker reported its best net profit in a decade.
Mulally is credited with turning Ford around from the time he became CEO in October 2006, including steering it through the U.S. economic recessions without taking a U.S. government bailout as did the other two major U.S. automakers, General Motors Co (GM.N) and Chrysler, now managed by Italy's Fiat SpA.
Compensation for Ford's top executives and directors was included in the company's 2010 proxy statement with U.S. regulators that also announced the company's annual meeting on May 12.
Mulally's compensation is expected to be an issue in the upcoming labor contract negotiations with the United Auto Workers union. The current contract expires in September.
UAW President Bob King said last week that Mulally's pay, including stock options not available to most union workers, was "outrageous" and "morally wrong" at a time when some workers who make Ford vehicles earn $15 per hour.
Company executive chairman Bill Ford's 2010 compensat
請先 登入 以發表留言。