MULALLY OUT-EARNED TOYODA AND GHOSN COMBINED IN 2009

A new report that focuses on automaker chief executive officer compensation has suggested that Ford’s high-profile CEO, Alan Mulally, managed to bring home more compensation in 2009 than both Akio Toyoda and Carlos Ghosn – combined. The report, compiled by Bloomberg, refers only to the executives’ pay as “compensation,” but falls short of differentiating between salary and […]

Auto industry executives poised for major payout

BY MARK KLEIS Due to the unique circumstances that placed automakers’ stocks at record lows in 2009, many auto executives are now set to receive substantial net payouts as a result of the drastic increase in stock values. Before the stock increase, many executives were working for substantially below-market wages, making the merit-based payout a […]

Ford’s Alan Mulally receives million dollar raise for 2009 by MARK KLEIS

Ford’s CEO, Alan Mulally, who is often credited for the automaker’s recent turnaround, received a raise of nearly six percent to a total compensation package of $17.9 million for his effort in 2009. Ford posted a $2.7 billion profit for 2009 – the first annual profit in four years. In 2009 Alan Mulally earned just […]

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