Thursday, September 07, 2006

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New Ford Motor Company CEO Alan Mulally will make some mad cash according to the Detroit News -- at least $10 million clams in compensation in fact. The high sticker comes as no surprise given the fact that Bill Ford has had such a hard time finding somebody to take over his job including the likes of Carlos Ghosn and Dieter Zetsche. It also comes as no surprise since Mulally was Boeing's second-highest paid executive at a mere $9.9 million compensation package in 2005 and Ford had no choice but to offer him a better deal.

Among his Boeing perks was a 104-percent pay increase for 2005 over 2004 $83000 in personal use of the company jet company cars and club memberships for business purposes. His base pay in 2005 was $825000.

[Source: Detroit News]
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posted by Smile Community @ 9:06 PM

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