According to a proxy released by Ford on Friday, Mulally took home $23.2 million in 2013 in the form of base pay, bonuses, stocks and personal expenses. That total included a $2 million salary and a $5.88 cash bonus.
Mulally’s 2013 compensation was a significant jump over the $20.9 million he earned in 2012, but down from his $29.5 million he pulled in in 2011.
Mulally’s heightened compensation was tied to Ford’s strong performance in 2013. Last year the Dearborn-based automaker posted $8.6 billion in pre-tax profit, approaching the company’s all-time record. Since taking the helm at Ford in 2006, Mulally has earned $183 million.
Bill Ford Jr. was the second-highest paid executive at Ford last year with a take home of $11.95 million. Mark Fields, Ford chief operating officer, saw his pay climb from $8.8 million in 2012 to $10.2 million last year.
Ford is a solid place for a CEO to make a living – at cross-town rival General Motors, CEO Mary Barra is expected to pull down “just” $14.4 million this year.
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