Quote:
Ford CEO paid $39.1 million for four months
Exec’s compensation comes after automaker lost $12.7 billion in 2006
Updated: 2:49 p.m. ET April 5, 2007
Alan Mulally, Ford Motor Co.’s new president and chief executive officer, received compensation valued at $39.1 million during his four months on the job last year, according to an analysis of a federal regulatory filing made Thursday.
Mulally succeeded Bill Ford as CEO of the Dearborn, Mich.-based company on Sept. 1.
The nation’s second-biggest automaker lost $12.7 billion in 2006, the largest loss in its 103-year history, largely due to a massive restructuring plan undertaken amid a withering assault from Asian automakers that have taken an increasing share of the U.S. auto market.
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