In Detroit, hometown of the United Auto Workers, the awarding of lucrative executive bonuses routinely provides the spark for outrage on the part of union factory workers. No one blinked last summer when Bob King, UAW president, condemned Ford chief Alan Mulally's pay.
This week, Ford (F) disclosed that the stock portion of Mulally's 2011 pay, not including salary and other benefits, was worth $58.3 million before taxes and $34.5 million after. He earned a similar amount in stock grants last year. This time, the spark seems to have been dampened.
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