The salary of the CEO of Ford fall 29% to U.S. $ 20.95 million

The remuneration of the chairman of American automaker Ford, Alan Mulally, has dropped 29 percent in 2012, to establish a U.S. $ 20.95 million. The Board of Directors evaluates the profits realized in North America and improvements in the quality of vehicles compared to heavy losses in Europe and the loss of work in the United States and elsewhere.

Ford has unveiled the salary of his boss on Friday in an annual report submitted to the U.S. government.

The base salary of Mr. Mulally rises to $ 2 million, the same amount, however, that fell 27 percent in 2011. His bonus, a U.S. $ 1.3 million, and the value of the shares received halved, to U.S. $ 6.8 million.

He also received $ 7.5 million in stock options, as in 2011. The bonus amount received under the program Ford for its leaders lost weight by 28 percent, $ 2.6 million U.S..

Mr. Mullaly has also received U.S. $ 680 809 in other benefits, including the use of a private aircraft, as well as expenditures for its housing and security. Everything is in slight increase since 2011.

If Ford has reported profits of U.S. $ 8 billion before taxes in North America for the year 2012, total profits were falling from U.S. $ 300 million to U.S. $ 5.66 billion, mainly due to a loss U.S. $ 1.75 billion in Europe.

The Board of Directors of the company has also lowered the salary of Mr. Mulally and other leaders due to the fact that Ford has not achieved its objectives with respect to market shares in one or the other its global regions.