Ford Motor Co. is raising President and CEO Alan Mulally’s annual compensation of nonqualified stock options from $5 million to $6 million, citing his 2006 performance results and his role in “progressing his key priorities.” In its annual filing with the U.S. Securities and Exchange Commission, Ford also says Mulally is required to use company aircraft for personal travel for security reasons and is entitled to have his “wife, children, and guests travel with him at company expense.” ...

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