Update: He's up to $39 million for four months...
http://www.reuters.com/article/basicIndustries/idUKN0541418420070405?rpc=77
Excerpts: DETROIT, April 5 (Reuters) - Ford Motor Co. (F.N: Quote, Profile, Research) on Thursday said it awarded new Chief Executive Alan Mulally compensation of $39.1 million for four months of work in 2006, a year when the second-largest U.S. automaker posted a $12.7 billion loss.
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According to Ford's proxy filing with the U.S. Securities and Exchange Commission, Mulally's compensation 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.
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Mulally's bonus included $7.5 million awarded when he was hired, and $11 million to offset compensation he gave up when he left Boeing, where he led the commercial plane division.
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But agreed, if he can turn things around he is well worth it...
If he can't turn it around Ford will give him a Jac Nasser sized $22 million going away present...