Alan Mulally gets $39.1 million as pay for four months in 2006

Ford Motors might be struggling in their domestic market of the United States but they are paying big bucks to their recently appointed chief Alan Mulally.

The company has revealed that they paid Mulally compensation of $39.1 million for four months of work in 2006. Incidentally, Ford had posted losses of $12.7 billion last year.

Mulally had took over the CEO position at Ford from Ford family scion Bill Ford Jr. in September 2006.

His pay package for last year included a prorated $666,667 salary, an $18.5 million bonus, $19.6 million of stock and option awards, and $334,433 of other compensation.

Chairman Bill Ford in comparison did not receive any cash salary or bonus for 2006. He had himself committed that he would not take any remuneration until the company’s auto unit showed sustained profits.

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