in 2010
TRW CEO John Plant got 510% raise over his 2009 salary of 6.7 million
Ford CEO Alan Mulally 524% raise... yet his company has 14 billion in debt
Johnson Controls' Stephen Roell 424% raise
So... did those 3 companies make 4 to 500% better business decisions? Better profit? Better products?
Doubt it.
I read about this in the article by Jamie Kitman in Automobile Magazine, his source, and the full story is at http://www.autonews.com/apps/pbcs.dll/article?AID=/20110613/OEM02/306139854§ioncat=product&template=printart
Plant's base salary was $1.9 million, but he made $28 million from stock option gains. Bonuses, stock awards and other means of compensation accounted for the rest of Plant's pay.
The $9.45 million bonus package Mulally received in 2010 was almost three times as much as his total compensation from 2009. The Ford CEO also earned $9.3 million in stock award gains and $1.4 million in base salary.
The median salary of CEOs who held their job for at least two years rose from $3 million in 2009 to $5.7 million in 2010, an increase of more than 90 percent from 2009, Equilar research analyst Aaron Boyd said.
TRW CEO John Plant got 510% raise over his 2009 salary of 6.7 million
Ford CEO Alan Mulally 524% raise... yet his company has 14 billion in debt
Johnson Controls' Stephen Roell 424% raise
So... did those 3 companies make 4 to 500% better business decisions? Better profit? Better products?
Doubt it.
I read about this in the article by Jamie Kitman in Automobile Magazine, his source, and the full story is at http://www.autonews.com/apps/pbcs.dll/article?AID=/20110613/OEM02/306139854§ioncat=product&template=printart
Plant's base salary was $1.9 million, but he made $28 million from stock option gains. Bonuses, stock awards and other means of compensation accounted for the rest of Plant's pay.
The $9.45 million bonus package Mulally received in 2010 was almost three times as much as his total compensation from 2009. The Ford CEO also earned $9.3 million in stock award gains and $1.4 million in base salary.
The median salary of CEOs who held their job for at least two years rose from $3 million in 2009 to $5.7 million in 2010, an increase of more than 90 percent from 2009, Equilar research analyst Aaron Boyd said.
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