Ford Motor Co. CEO Alan Mulally's compensation package totaled nearly $18 million, including stock options and grants in 2009, according to company documents released today, but he took a voluntary 30 percent reduction in his cash salary.
Executive Chairman Bill Ford Jr., meanwhile, continued to work without compensation.
Mulally's cash salary was $1.4 million, down from $2 million in 2008. He did not receive a bonus. But his total compensation increased to more than $17.9 million from just under $17 million in 2008. That figure was higher than initially reported, due to changes in accounting rules.
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