Thursday, April 5, 2007

Ford CEO Mulally gets $28.18 mln '06 compensation

(Reuters) - Chairman Bill Ford, who was CEO for the first eight months of 2006, did not receive any cash salary, bonus, or stock awards for 2006 as he had made a commitment in 2005 to forgo any new remuneration until the auto unit made sustained profits.

However, the company took an expense of $9.95 million last year related to Bill Ford's previous stock and option awards.


Read more at Reuters.com Market News

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