New York - Despite record losses, the chief of Ford Motors, Alan Mulally, earned 13.6 million dollars in 2008.
The money included 2 million dollars in regular salary plus long- term stock options, the country's second largest car producer said Tuesday in a statement.
Mulally did not receive a bonus for 2008, in contrast to 2007. For the current and next years, he has agreed to a 30-per-cent salary reduction.
Ford reported record losses of 15 billion dollars for 2008 - but still has enough cash reserves to survive.