Ford raises Mulally package

Ford gave Mulally a $3 million boost for 2011, taking his total package from US$26.5m to US$26.9m ($28.5m). The total now comprises his $2 million salary, $22 million in stock and a potential $5.46 million in cash bonuses.

However, the awarded cash bonus was slashed by 42 per cent to $3.27m, because Ford's stock had fallen 36 per cent over 2011.

They have risen 16 per cent since the start of 2012, so Mulally may have a fatter pay packet at the end of this year - particularly if it adds to the value of his total $100 million worth of stock.

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Mulally's package cements him on the top tier of global carmaker bosses, and well ahead of those at the helm of GM and Chrysler.

What they get (in Australian dollars

• Volkswagen AG CEO Martin Winterkorn: $22.5m - a rise of 87 per cent.
• Fiat-Chrysler CEO Sergio Marchionne: $18.7m in Fiat stock.
• Nissan-Renault CEO Carlos Ghosn: $11.5m in salary and stock options.
• GM CEO Dan Akerson: $1.64m salary, plus up to $1.9m in stock, no cash bonus for 2011.
• Toyota president Akio Toyoda: $1.3m salary and $280,000 bonus.