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Ford Motor Co. paid President and Chief Executive Officer Alan Mulally $20.9 million in 2012 as the automaker made improvements in quality and cost performance but fell short of its market share and cash flow targets.

Mulally's total compensation — which includes stock and option awards plus personal expenses — according to the automaker's proxy filing Friday, included $2 million in salary and a $3.95 million cash bonus.

The $20.9 million represents a 29 percent decrease compared to the $29.5 million Mulally earned in 2011, which included a $2 million salary and a $5.46 million cash bonus. Mulally received approximately $7 million less in stock awards in 2012 compared to 2011, partly attributed to an incremental grant awarded in 2011.


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Ford's Mulally Earned Just Under $21 Million In 2012

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