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The top 3 highest paid automotive industry executives

Posted by on May 5, 2017 in News - No comments

In the wake of the big automotive crash of 2008, CEO compensation has reached an all time high. CEO’s are making more money than they ever raise the question if profitability and effectiveness as a chief executive officer in the auto industry are even correlated to pay any more. According to an infographic study published in 2013 by Car and Driver the highest paid CEO was Alan Mulally from Ford, bringing in $23,204,534, effectively 725 times the average pay of his employees.

Here are the top paid CEO’s in the automotive industry:

1) Alan Mulally – $23,200,000/year
Ford Motor Company

alan-mulally-salaryAlan Mulally is an  American-born businessman and engineer who was CEO of Ford Motor Company serving from September 5th, 2006 through his final resignation on July 1st, 2014. Mulally started his vibrant career in Boeing and eventually was recruited by Ford to take the lead role and try to continue the explosive growth Ford had seen in the late 1990’s with the Ford Expedition and Ford Explorer. Despite the automotive industry crisis in 2008, Mulally was able to turn around Ford and bring the company to record high levels in sales before he finally stepped down in 2014. He will be remembered as a motivational CEO that lead through example in hard work and business ethic. Mulally lives with his Wife in Oakland, CA.

 

 

2) Martin Winterkorn – $19,900,000/year
Volkswagen Group

martin-winterkorn-salaryVolkswagen group is the biggest automaker in the world with brands such as Lamborghini, Bentley, Audi, VolksWagen, Bugatti, Porsche and Skoda and Ducati in motorcycles. It is no surprise that the CEO of the huge automobile conglomerate was compensated so handsomely with the vast brand recognition under his control. Due to the emission fabrications that VW has been caught with, Winterkorn stepped down as CEO and continues to avoid blame for the emissions scandal. Martin W resides in Leonberg, Germany with wife Anita and studied at the university of Stuttgart.

 

 

 

3) John C. Plant – $17,800,000/year

TRW Automotive

John plant has a vast background in huge companies such as Northrop Grumman, a weapons company that supplies the US Army and other countries with world-class weapons and aircraft who finally found his calling at TRW when he stepped us as CEO in 2001. He received his honorary doctorate degree from the University of Birmingham in 2014, where he studied for his Bachelors and LLB. John C. Plant currently places as the 15th highest earning CEO according to Forbes .

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