Ford CEO Alan Mulally's Performance Worth $13.8 Million in 2013
Source: Detroit Free Press
Ford CEO Alan Mulally can cash in about $5.9 million in company stock now and was awarded additional stock worth $13.8 million at the current share price for his performance in 2013, according to documents filed Thursday with the Securities and Exchange Commission.
The $5.9 million in bonuses he can cash in now were awarded in 2012 for his performance in 2011, and comes from 376,016 shares that were converted to common stock Wednesday. From the total award, 164,528 shares were withheld for income tax purposes, so he nets less than $5.9 million.
Mulally’s portfolio now includes almost 6.2 million shares in the company he joined in 2006. Those shares are worth nearly $97 million at Thursday’s $15.67 closing price.
The stock is in addition to Mulally’s salary, bonus and other compensation, which is expected to be disclosed later this month.
Read more: http://www.freep.com/article/20140306/BUSINESS0102/303060135/Ford-Alan-Mulally-compensation-bonus-auto
And in another thread, someone is worried that the union workers in the proposed Avon Lake, Ohio plant might just start asking for too much.
This puts it in perspective.
= new reply since forum marked as read
(do I really need the tag?)
I just can't believe how anyone can try to justify what some of these people are paid and at the same time claim that the average worker is making too much.
