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Ford_News
06-28-2010, 08:34 AM
Filed under: Ford (http://www.autoblog.com/category/ford/), Earnings/Financials (http://www.autoblog.com/category/earnings-financials/)

http://www.blogcdn.com/www.autoblog.com/media/2009/11/88641291_opt.jpg (http://www.mnfords.com/www.freep.com/apps/pbcs.dll/article?AID=/20100626/BUSINESS01/6260301/1322/Alan-Mulallys-pay-tops-total-of-3-Japanese-car-chiefs&template=fullarticle)

It's certainly tough to argue with the results of Alan Mulally's tenure as chief executive officer of Ford Motor Company (http://www.autoblog.com/make/ford/). The product and financial resurgence that Mulally has led allowed Ford to be the only Detroit-based automaker to avoid going through bankruptcy. That success is reflected in the Ford CEO's paycheck as well.

Mulally earned more in 2009 than the CEOs of Toyota (http://www.autoblog.com/make/toyota/), Nissan (http://www.autoblog.com/make/nissan/) and Honda (http://www.autoblog.com/make/honda/) combined with a total take of $17.9 million in cash and bonuses. Toyota's Akio Toyoda earned $1.1 million and Honda's Takanobu Ito took home $1.3 million. Nissan's Carlos Ghosn was the highest paid of the Japanese company executives at almost $10 million.

It's not at all unusual for American executives to earn more than their counterparts overseas, although currently only Mulally is earning these large sums in Detroit. General Motors (http://www.autoblog.com/make/gm/) CEO Ed Whitacre and Chrysler (http://www.autoblog.com/make/chrysler/) CEO Sergio Marchionne are both limited as a result of the government bailouts. In spite of Mulally's success, his pay still pales next to the $100+ millions regularly paid to financial executives.

[Source: Detroit Free Press (http://www.freep.com/apps/pbcs.dll/article?AID=/20100626/BUSINESS01/6260301/1322/Alan-Mulallys-pay-tops-total-of-3-Japanese-car-chiefs&template=fullarticle) | Image: Bill Pugliano/Getty]Report: Mulally's compensation more than that of top three Japanese execs combined (http://www.autoblog.com/2010/06/28/report-mulallys-compensation-more-than-that-of-top-three-japan/) originally appeared on Autoblog (http://www.autoblog.com) on Mon, 28 Jun 2010 10:29:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).



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