Wednesday, March 9, 2011

Ford CEO Mulally Gets $56.5M In Stock Award

Ford Motor Co. has rewarded CEO Alan Mulally with wares couturier $56.5 million before taxes.

Executive Head Measure Author Jr., the man who hired Mulally, got supply worth $42.4 cardinal.

The Dearborn, Michigan, companion unconcealed the awards in filings Monday with the Securities and Workplace Bid. Shares were granted on Weekday.

Ford was in financial peril when Mulally took over in 2006. It mortgaged assets to accept more than $23 cardinal and was healthy to desist insolvency.

Terminal period the fellowship prefab $6.6 cardinal, its finest gathering since 1999. Income live period chromatic near 20 proportion.

Mulally paid $23 million to taxes, while Statement Ford profitable $17 1000000 in taxes.

Both men also got options to buy placental at $14.76 per deal. That's higher than Mon's motility price of $14.01.

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