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Ford's Mullaly earned double-digit raise in 2013

  • Ford (F +1.3%) CEO Alan Mullaly earned compensation of $23.2M in 2013, up from $21M in the prior year.
  • Mulally has pledged to stay on as CEO at the automaker through the end of this year.
  • SEC Form 14A
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Comments (9)
  • Ford Man 26
    , contributor
    Comments (56) | Send Message
     
    I'm not sure how you conclude his raise was 'double digit'. It was $2.2Mil according to your numbers. When I saw the title I assumed $10mil or more of a raise. And it's really not a raise. I think 'raise' usually applies to base salary. These numbers include total compensation including bonus/ exercised stock options.
    28 Mar, 03:40 PM Reply Like
  • Tdot
    , contributor
    Comments (3914) | Send Message
     
    Ford Man - Raises for salaried employees are almost always described in terms of percent increases, not millions of dollars, and double digits mean 10% or more.

     

    So for example $2.2/$21 = 10.5% = double digits, if minimally so.
    28 Mar, 07:27 PM Reply Like
  • ted lujan
    , contributor
    Comments (711) | Send Message
     
    Whatever Mullaly got paid he earned. In my book he is responsible for Ford been the premier company in the Auto business.
    28 Mar, 09:59 PM Reply Like
  • lord1nelson
    , contributor
    Comments (4) | Send Message
     
    Money well spent!
    30 Mar, 02:54 AM Reply Like
  • Irving Goldman
    , contributor
    Comments (3) | Send Message
     
    Ford makes the best cars in the world ..
    22 million a year is a lot of money but if a basketball or football player is worth that than Mullaly is worth far more....
    30 Mar, 03:07 AM Reply Like
  • Jules L
    , contributor
    Comments (5) | Send Message
     
    In my opinion, no single person should be paid $ 23.2 million, bonuses or otherwise. The President of the wealthiest country does not even come close to that amount, on a yearly basis, how can anyone say " he earned it". It comes down to just greed and is not a benefit to the company. Too many Americans are starving for anyone to grab such an amount of the top. It's downright ridiculous.
    30 Mar, 05:04 AM Reply Like
  • Tdot
    , contributor
    Comments (3914) | Send Message
     
    The President gets far more than $23.2M in benefits, including a pair of billion-dollar private jets standing ready 24-7 to take him anywhere he wants in the world with about 10 minutes' notice. Never mind the use of a billion-dollar home, a staff of thousands, armed bodyguards, an enormous personal Army, Air Force, Navy, Marines, Coast Guard, and Military Reserve to command at will; and easy access to anyone, anywhere, anytime.

     

    The President lives a multibillionaire's life for free, for his 8+ years in office. And he will continue live like a multimillionaire for the rest of his life after he leaves the White House, "earning" millions in fees just for showing up somewhere to talk. And it costs him nothing to do it - hasn't had to earn one cent for himself since he took up the life of a politician. People just give it to him, hoping for a favor in return.

     

    As for Mulally, if Ford does not pay him a competitive salary and benefits, then some other company (like Microsoft) would happily snap him up. Which is how competition works. In capitalism, the market determines the wages and prices, not unions and liberal bureaucrats.
    30 Mar, 09:53 AM Reply Like
  • Ryandan
    , contributor
    Comments (1614) | Send Message
     
    Well said Jules............I believe the President makes under 300k a year, but he does have some perks. He also leaves office with half the people in the country hating him, most thinking he under-performed, and there's a reason he has body guards even when he's out of office. Some have been killed in office, others never fully recover from the stress and pressure. Might have been better to compare the salary to someone more useless like a TV anchor or golfer.....

     

    As for Mulally, IMO a monkey with a dart-board could have accomplished the same. Ford was restructured with the banks before he got here. The GM / C bankruptcy handed him new labor contracts and non-strike protection, stronger suppliers, and a rebounding economy. He has rolled the dice on Ford's future with to many remodels at one time, and a continued lack of improvement in production quality. He has continually put profit over pride and product. His decision to use Microsoft severely damaged Ford and then he tried to get a job there. What kind of person would do that? If he truly cared about Ford, he'd be right there through the entire remodel intro taking the heat and the applause if there is any. Run Mr. Mulally - run just like you did from the airplane business. Look at what you left there - look at what you're leaving at Ford.

     

    The same people praising Mulally here are the same people who praised the Ford family while they ran the Detroit Lions into the ground year after year after year. "They see reality but will never admit it!"

     

    Well said Jules - but it not just the CEO's it's the idiots on the board of directors of these companies. They are the real ............!
    31 Mar, 02:06 PM Reply Like
  • ted lujan
    , contributor
    Comments (711) | Send Message
     
    Well said Tdot!!!!!!
    30 Mar, 09:58 PM Reply Like
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