Ford CEO pay rose 11 pct to $29.5 mln in 2011

Newswire

DETROIT, March 30 (Reuters) - Ford Motor Co said Friday that Chief Executive Officer Alan Mulally's total compensation rose 11 percent to nearly $30 million last year, when the automaker reported its best net profit in more than a decade. Since Mulally became head of the company in 2006, he has led the automaker's turnaround, including steering it through the U.S. economic crisis without resorting to a federal bailout like its Detroit rivals General Motors Co and Chrysler Group LLC. Mulally ...

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