Career Calling

March 19, 2013

CEOs Win Even When They Lose

I saw some interesting news in Saturday’s Chicago Sun-Times.  First the real winner:  Boeing CEO James McNerney received a 20% pay increase, which cashes out to a sweet $27.5 million for 2012.  Meanwhile, Ford’s CEO Alan Mulally saw his pay cut by 29%.  He will only earn $20.95 million.  Before we feel too sorry for poor Mr. Mulally, we should note that he will still receive $680,809 in other compensation that includes a private plane, housing, and security.  Most American wish they could get such a pay cut.

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