Ford reveals 2012 compensation for top six execs
Left Lane News
March 15, 2013
by Drew Johnson
Ford has released total 2012 compensation for its six top executives. The details were released in a filing with the SEC.
Ford's top man, CEO and president Alan Mulally, pocketed a whopping $20,995,806 in 2012. Mulally earned $2 million in base salary and another $3,950,000 in cash bonus in 2012. The balance of Mulally's 2012 take home pay was comprised of “long-term stock options and other performance-based equity awards.”
Ford's No. 2 earner was Bill Ford, the company's executive chairman. Like Mulally, Ford earned $2 million in salary in 2012, with the company namesake earning another $1,125,000 in cash bonus. Once all compensation was accounted for, Bill Ford took home $14,836,013 in 2012.
Mark Fields, Ford's chief operating officer, was rewarded for his work in 2012 with a salary of $1,385,833 plus a cash bonus of $2,340,000. Fields, who is thought to be next in line for the CEO position, netted a total of $8,854,065 in 2012.
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