UPDATE 1-Ford CEO pay rose 11 pct to $29.5 mln in 2011

Newswire

(Adds detail, background on executive pay) By Deepa Seetharaman and Bernie Woodall 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, despite the automaker falling short on some key company objectives. The No. 2 U.S. automaker missed targets including costs, quality and market share but continued to exceed its expectations on annual profit and cash flow in its automotive ...

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