Source:
Economic Times India/Reuters9 Mar, 2008, 0128 hrs IST
DETROIT:Ford Motor Co has said it had awarded Chief Executive Alan Mulally restricted stock worth $4.1 million and 3.56 million stock options after a year in which the No. 2 US automaker lost $2.7 billion.
The compensation, which was detailed in a filing with securities regulators, came just two days after Mulally announced that all Ford employees in the United States and Canada would be paid bonuses for 2007.
Ford’s larger rival in the United States market, General Motors Corp, on Thursday approved a 33% hike in the base salary of Chief Executive Rick Wagoner to $2.2 million and would give him a bonus for $2.43 million if GM hits its performance targets.
Read more:
http://economictimes.indiatimes.com/International_Business/Ford_CEO_paid_41_million_in_stock/articleshow/2848675.cms
Nice to hear that a CEO gets all that $$$$, while the corporation lost $2.7 billion in one year...