Ford Motor Awards Mulally $56.5 Million in Stock for Turnaround - Bloomberg" 8 Mar 2011
Ford Motor Awards Mulally $56.5 Million in Stock for Turnaround - Bloomberg
What do you think of this. Ford turned itself around without a US Bailout....
Ford Motor Co. (F) awarded Chief
Executive Officer Alan Mulally $56.5 million in stock, and
Executive Chairman Bill Ford received in $42.4 million shares as
a reward for the automaker’s turnaround.
Ford paid the unrestricted stock to its top two executives
as part of an incentive plan for 2009 and 2010, according to
filings with the U.S. Securities and Exchange Commission. Ford
earned $9.28 billion in the last two years after $30.1 billion
in losses from 2006 through 2008. The shares, which traded as
low as $1.01 on Nov. 20, 2008, rose 8 cents to $14.09 at 9:46
a.m. in New York Stock Exchange composite trading.
The executives will receive other compensation for 2010,
including salary and benefits, which will be revealed in a proxy
report in the coming weeks, said John Stoll, a company
spokesman. Dearborn, Michigan-based Ford withheld some of the
stock awards to cover their income taxes. After taxes, Mulally
received $33.4 million and Bill Ford got $25.1 million.
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