For what Mulally did, $18 million was a bargain. If you save a multi-billion dollar company, or at least put it on better footing,
But I think what he got was options for close to 18 million shares of Ford, so he got a lot more money.
Of course Ford was as low as $1.39/share and went to over $16/share during his tenure, so he bet on himself in a fashion.
Right now, at $5 something a share, Ford has a market cap of about $21 Billion.
So back in the day, when Mulally was still around, I suspect that Market Cap was up around $60 Billion.
Getting the estimated $300 million he could have (probably did) for his shares and exercising his options, it was a bargain given how much he improved the state of the company.
The numbers are big for one person. Few of us here will understand them. However, given they were in stock, it's a bet on yourself, just like an athlete that puts a lot of their contract in performance incentives to prove they are confident in themselves.
Originally Posted by pbm
Originally Posted by double vanos
Bring back Alan Mulally.
I was a big fan of Mulally....'was' being the key word....he got Ford on the right track....didn't take a 'bailout'....but he did take a big 'golden parachute' (I think I read 18 million dollars).....Now I'm thinking that he got out when the getting was good rather than complete the 'mission'. As I've stated in the past....It's hard for the domestics to compete because of legacy costs....which obviously take cash that should be going into product development....