Ford’s Alan Mulally made more money than the top three Japanese execs combined
Alan Mulally compensation added up to more than that of top three Japanese execs combined
Who is Alan Mulally? Besides being the chief executive officer of Ford Motor Company he single handily secured Ford’s position as the only Detroit-based automaker to avoid bankruptcy. His acclaim has also awarded him a one of the largest paychecks in the industry.
Compared to the competition Alan Mulally made more than the CEOs of Toyota, Nissan and Honda combined.
Back in 2009 Alan Mulally earned over thirteen times more than Toyota's CEO Akio Toyoda at $1.1 million and Honda's CEO Takanobu at $1.3 million. Even the highest paid CEO in Japan Carlos Ghosn of Nissan fell short at less than $10 million.
It's not unusual for American executives to earn more than their counterparts overseas, although currently only Mulally is earning these large sums in Detroit. General Motors CEO Ed Whitacre and Chrysler CEO Sergio Marchionne are both limited as a result of the government bailouts. In spite of Mulally's success, his pay still pales next to the $100+ millions regularly paid to financial executives.
Source: [ Detroit News : AutoBlog ]
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