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Ford CEO’s pay slashed 29 percent to just $21 million

From Reuters:

Ford Motor Co slashed the 2012 compensation of its chief executive officer by 29 percent, in part because the No. 2 U.S. automaker missed some key goals for market share, profit and cash flow, the company said on Friday.
Alan Mulally, who has led Ford since 2006, received $2 million in salary and nearly $4 million in cash bonuses, Ford said in its preliminary proxy filing. His overall pay was $21 million, including stock awards, options and other perks. That compares with an overall package of $29.5 million in 2011.

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Comments (14)

  1. Submitted by Paul Brandon on 03/15/2013 - 01:53 pm.

    Just $21m

    That’s about the pay of 500 to 1000 American auto workers.
    No idea how many Mexicans (Fords are assembled there) that would pay.

    Poor guy.

  2. Submitted by Penny Pergament on 03/15/2013 - 02:29 pm.

    Just $21M

    And we have children starving to death in the country. Ford should be proud of their contribution to those starving children.

  3. Submitted by Ray Schoch on 03/15/2013 - 03:25 pm.

    Pay cut

    Oh, the horror!!

  4. Submitted by Joe Musich on 03/15/2013 - 10:24 pm.

    How many …

    high schools could that build in Detroit ?

  5. Submitted by Paul Brandon on 03/16/2013 - 10:15 am.

    Some numbers

    20% of a Ford Fusion’s parts are made in the U.S.A.
    60% of a Ford Focus’s parts are made in the U.S.A.
    So I’d guess that the fleet average is someplace in the middle.
    On the other hand, 80% of my Honda Accord’s parts are American.

  6. Submitted by Brett McKeever on 03/16/2013 - 10:30 am.

    So the CEO of one of the world’s largest corporations…

    Makes slightly more than Joe Mauer.

  7. Submitted by Paul Brandon on 03/16/2013 - 03:07 pm.

    As Babe Ruth said

    of Herbert Hoover in the same context, Mauer had a better year.

  8. Submitted by Karl Struck on 03/18/2013 - 02:14 pm.

    Wah Wah Wah

    I hate how corporations can set the compensation for their own employees. Lets get the government involved so we can all be paid the same!

    • Submitted by Paul Brandon on 03/18/2013 - 07:53 pm.

      Corporations

      do not set compensation; people do.
      The persons in this question are the Board of Directors of Ford Motor Corp
      (see http://corporate.ford.com/our-company/governance-hub/board-of-directors-801p),
      who -approve- the compensation package for the CEO (technically an employee).

      And I don’t see anyone suggesting that the government -set- the salaries of private businesses. The closest would be minimum wage laws, which hardly dictate specific salaries, much less require that every citizen receive the same wage.

  9. Submitted by Paul Brandon on 03/18/2013 - 02:24 pm.

    And this has what

    to do with the article being discussed?
    I assume this is an attempt at sarcasm.

    • Submitted by Karl Struck on 03/18/2013 - 04:11 pm.

      Yes, that would be my attempt at sacrasm… similar to the headline introduction of the above excerpt.

      • Submitted by Paul Brandon on 03/18/2013 - 06:10 pm.

        Also note

        that Mulally’s -salary- was not cut.
        The cut was mostly in bonuses keyed to sales, which had not met targets.
        These bonuses were mostly in the form of tax privileged equity packages.

  10. Submitted by Todd Hintz on 03/18/2013 - 04:15 pm.

    Hold The Phone

    Hey, people! Have a little sympathy for the guy already. After all, how is he supposed to feed his kids on only $21 million? Man, you people are insensitive!

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