Hang in there, old boy. Times will get better. The $28 million for four months work guy is struggling with tough times but has kindly offered to suck it up and sacrifice with the rest of the team. What leadership!
Investors and employees burned by the fierce decline of the U.S. auto industry won't be shedding any tears for Alan Mulally, but the Ford Motor Co. chief executive didn't come out of the historically brutal year unscathed.Impressive considering Mulally and his team lost $15 billion.
Mulally's total compensation fell by 37% to $13.57 million in 2008, according to a proxy filing from Ford on Tuesday. He earned $2 million in salary but received no bonus. In 2009 and 2010, Mulally will also see a 30% cut while Ford eliminates merit increases and incentive bonuses for salaried workers.
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