Report: Alan Mullaly, Bill Ford Jr. get huge bonuses from Blue Oval *Update

Filed under: Etc., Ford, Earnings/Financials

Bill Ford Jr. and Alan Mulally

Ford Motor Company Executive Chairman Bill Ford, Jr. and Chief Executive Alan Mulally have reportedly been given big-time bonuses by the Blue Oval for keeping things moving when General Motors and Chrysler filed for bankruptcy. Mulally received $56.5 million worth of Ford stock before taxes and Ford got stock worth $42.4 million.

Ford, Jr. hired Mulally from Boeing in 2006, before they went around to different banks to secure restructuring loans to stay solvent through the lending crisis and economic recession. In 2010, Ford saw its best year since 1999, clearing $6.6 billion in profits.

To add to their enormous bonuses, the Los Angeles Times says that Ford, Jr. and Mulally opted to purchase Ford stock at $14.76 a share. *Update: Ford tells us that Ford, Jr. and Mulally do indeed have stock options but have not cashed them in at this time. Market value of Ford stock rose three percent today to $14.46 a share.

[Source: Los Angeles Times | Image: Bill Pugliano/Getty]

Report: Alan Mullaly, Bill Ford Jr. get huge bonuses from Blue Oval *Update originally appeared on Autoblog on Tue, 08 Mar 2011 15:32:00 EST. Please see our terms for use of feeds.

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Report: Chung, Mullaly, Winterkorn named top car company CEOs

Filed under: Ford, Hyundai, Volkswagen



Automotive News
has put together its list of 2010 auto industry all-stars, and taking first place in American, European and Asian CEO categories are Ford CEO Alan Mulally, Volkswagen CEO Dr. Martin Winterkorn, and Hyundai-Kia CEO Chung Mong-koo. Hard to fault the choices, and it shouldn’t come as a surprise at all that the same three gentlemen took slots two through four of Motor Trend‘s list of top 50 auto execs for 2009.

Mulally was cited because his “steadfast plan to turn Ford around is bearing fruit in impressive fashion” and Chung was lauded for having ” turned the Hyundai brand into a superpower.” Winterkorn, who could have been awarded based on VW’s Hulk-like growth, was actually noted for his “Strategy 2018,” by which time he plans for the VW group to be selling ten million cars per year. Check this spot in eight years to see if he’s still an all-star. For now, though, congrats to all.

[Source: Automotive News – sub. req’d.]

Report: Chung, Mullaly, Winterkorn named top car company CEOs originally appeared on Autoblog on Wed, 14 Jul 2010 17:32:00 EST. Please see our terms for use of feeds.

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