Ford Motor awards Mulally $56.5 million in stock for turnaround

Ford CEO Alan Mulally, left. and Executive Chairman Bill Ford Jr., have been awarded nearly $99 million in Ford shares under an incentive program tied to the automaker's 2009 and 2010 performance. (Andrew Harrer/Bloomberg)

March 12, 2011 05:00 AM

DETROIT (Bloomberg) -- Ford Motor Co. awarded CEO Alan Mulally $56.5 million in stock, and Executive Chairman Bill Ford received $42.4 million in shares as a reward for the automaker's turnaround.

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