Comp Roundup: Xerox, Ford, Southwest

Chief Executive of Xerox Corp. Ann Mulcahy received $12.8 million in compensation for 2007. According to AP, her compensation was 21 percent higher than in 2006, which was $10.5 million. Xerox reported revenue last year of $17.2 billion, up more than 8 percent from the previous year.

While the housing market was close to a crisis last year, the CEO of Fannie Mae, Daniel Mudd, received $5.4 million from stock awards that vested in 2007, according to a Securities and Exchange Commission filing by the company. Mudd's compensation included just under $1 million in salary, $2.2 million in incentive payments, about $10 million from stock and option grants, and $153,531 in other compensation, according to the filing.

Ford Motor Company Alain Mulally, Ford president and CEO received $2 million in salary and $7 million in incentive bonus awards in 2007. The total amount of the CEO’s compensation for 2007 was $21 million which included salary, bonuses, and company-recognized expense for stock options and other stock-based awards.

The CEO of Alliant Energy, Bill Harvey, received compensation of $8.4 million in 2007. The amount is a 66-percent increase from his 2006 compensation which was $5 million. Harvey’s compensation included $812,000 base salary; $677,000 in incentive pay for meeting the board’s performance goals; $226,000 in other compensation; and $2.8 million in stock awards over a three-year period.

The CEO of Southwest Airlines received twice what he earned last year. Gary C. Kelly received a salary of $424,065, a bonus of $462,000, and stock options that the company valued at $938,775.