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Ford Gives Mulally a 10-Percent Raise in 2013

Most of company’s top executives also get increases.

by on Mar.28, 2014

Based on his 2013 compensation, Ford CEO Alan Mulally could buy a few 2015 Mustangs.

Ford Motor Co. boosted the compensation of chief executive officer Alan Mulally by approximately 10% in last year to $23,204,534 from the $20,955,806 he earned during 2012, according to the company annual proxy statement, which was filed with Securities Exchange Commission.

Mark Fields, Ford chief operating officer, got a 20% bump in salary to $10.370,578, while executive chairman William Clay Ford Jr., took a pay cut as his salary dropped to $11,955,829 from $14,836,013. The drop was followed a $3.2 million drop in Ford’s deferred compensation, which fell to zero in 2013.

The Last Word!

Robert Shanks, Ford’s chief financial officer, saw his 2013 compensation also dropped by 20% to $4,089,621 as the deferred compensation fell to zero last year from $1.9 million in 2012. (more…)