Mulally’s 2014 Compensation Included a New Ford Taurus
Earlier today, Ford reported to the Securities and Exchange Commission the compensation of the CEOs that were at the helm during 2014. It was a good year for both Alan Mulally and Mark Fields, but there’s an interesting little tidbit in the Mulally compensation.
Mr. Mulally earned $1 million in salary for 2014, and $22 million in additional compensation. Oh, and a new Ford Taurus.
What?
Maybe he just likes the Taurus? Maybe there’s nothing in the Lincoln lineup that tickles his fancy? Or maybe he has a special place in his heart for the Taurus.
You see, when Mulally came to Ford they weren’t making the Taurus. They were making the 500. He immediately scrapped the 500 nameplate and started making the Taurus again, because that name actually meant something.
I’d imagine it going a little something like this…
Ford: “Mr. Mulally, welcome to Ford!”
Mulally: “Thank you. I don’t know much about cars, because I came from Boeing and jets are my thing, but I do know one Ford car; the Taurus. How’s that doing?”
Ford: “Well, umm, funny story Mr. Mulally. We don’t make the Taurus anymore. It’s called the 500.”
Mulally: “So you’re saying that the only Ford product with name recognition I know as a ‘normal consumer’ is a car you don’t even make anymore?”
Ford: …
Mulally: “Guess what, we’re making the Taurus again, starting right now! Get the new badges made immediately.”
If you’re curious about Mark Fields’ salary for his first year as CEO, check out this story at the Detroit Free Press. Let us know what you think in the forums!
