The last few years at Ford have been a whirlwind to say the least. The automaker teetered on the brink of bankruptcy, faced rising debt, and was hemorrhaging cash. Today, the outlook at Ford is surprisingly positive as the Blue Oval earned $6.6 million in profit last year. Ford’s turnaround has been attributed to CEO Alan Mulally’s management, which is why he just earned a huge pay day.
Mulally was awarded 3.8 million shares of stock worth $56 million. Bill Ford was awarded 2.87 million shares worth $42.4 million. That’s impressive compensation for a company that was on the verge of bankruptcy in 2008. But Ford has since made a stunning recovery, earning $6.6 billion in profit in 2010 — its largest profit since 1999.
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