UPDATE 3-Ford CEO pay rose 11 pct to $29.5 mln in 2011

Newswire

* Mulally's total compensation for 2011 was $29.5 mln * Ford 2011 net income was highest in more than a decade * Most of Mulally's compensation is tied up in stock (Adds response from UAW; details on U.S. sales performance, 2012 outlook) By Deepa Seetharaman and Bernie Woodall DETROIT, March 30 (Reuters) - Ford Motor Co boosted Chief Executive Officer Alan Mulally's total compensation by 11 percent to nearly $30 million last year, despite the automaker falling short of its targets on market ...

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