Thursday, May 26, 2011

With 65 Ford CEO Mulally has no plans to retire

WILMINGTON, Del. - Ford CEO Alan Mulally brushed back talk retirement Thursday, saying that he has given no thought to resign now that the company is profitable.

"I have ever thought not," Mulally, said 65, during a brief meeting with reporters after Ford Motor Co.'s annual shareholders meeting in Wilmington, Del.

Mulally is retirement is the subject of frequent speculation because he turns 66 in August.

Mulally said he is pleased with Ford and also has no plans. Ford Executive Chairman Bill Ford, who himself raised and was Mulally as CEO in 2006, joked that it left not be Mulally discuss by 2025. The company has to have a mandatory retirement age.

Mulally was commissioned from Boeing Co., Ford, save the close to bankruptcy at the time was. At Ford, he has cut brands, plants, and staff and plowed the savings again in cars and trucks, the now hot seller. Sales of the merger are sedan, for example, by 23 percent to April, while the revised Explorer SUV sales have more than doubled.

Ford his written eighth straight quarterly profit in the first quarter. The win, the $2.6 billion was Ford's first quarter best in 13 years.

Shareholder Robert Tenney of Sherburn, n.y., congratulated Bill Ford, the "vision and humility", the order, turn over CEO to Mulally.

Mulally was rewarded for his success. 2010, He received a pay package in the value of $26.5 million, + 48 percent from the year before. Including were estimated a basic salary of $1.4 million and stock option awards almost $ 15 million.

An AP analysis for standard & poor's 500-company Mulally ninth among the top 50 highest paid CEOs place in 2010.

Mulally is pay has angered United Auto Workers members, who agreed and pay to help cuts during the recession struggling Ford.

Earlier this spring is UAW President Bob King Mulally pay level called "morally wrong." Auto workers will vote this fall on a new contract with Ford planned.

Mulally Thursday asked his remuneration as also the unionised workers, to bind is to everyone's efforts that compensation of the company's performance "absolutely the right direction" to go. He said that everyone with the company connected hard work, to grow it help.

None of the 100 shareholders at the meeting said Mulally's pay. The annual general meeting, which some took more than an hour, was the shortest on record, said the company.

A vote to the some of the family take could control of the company of the Ford. The family is currently voting 40-percent control due to a two-stage share structure that gives more value to their shares.

Noted the company against the idea, but advocates, that the support for it is growing. Thirty-two percent of shareholders for him voted, up from 29 percent in the last year.

Ford rose shares to close 11 cents to $15,26 Thursday. This is almost double their price was when Mulally CEO.

Shares fell as low as $1.43 2008 Ford, as it was unclear whether the company would go bankrupt or seek federal help. Ford has not. The share price is continuously since then, increased trade as high as $18,97 earlier in this year.

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