Mulally replaced heir apparent Bill Ford Jr. at the helm in 2006 when he was hired by Ford, now chairman, from a successful flight running aero company Boeing. That year he received USD39 million in compensation for his troubles. Ford is to reward all workers, including hourly ones in North America with bonuses as a thank you for helping to guide the company through hard times.
It aims to return to profitability in 2009 after narrowing annual losses by USD10 billion in 2007. Partly to thank are the sales of the Aston Martin brand. Jaguar and Land Rover money should only reflect in next year�s annual financial report and we know more or less how much that will be already.
Source: Reuters via Washingtonpost.com
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