Ford's Mulally Is The $13 Million Man

Ford Motor Co. CEO Alan Mulally’s total compensation for 2008 dropped by 37% to $13.6 million last year. That’s still a hefty sum, considering Ford’s record losses and continued financial fragility. Meanwhile, Mulally — who, like his counterparts at General Motors (GM) and Chrysler, was excoriated by Congress and the media last November for flying a private jet to Congressional hearings — no longer flies on Ford-owned jets. But he does fly on chartered private planes.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.