That figure represents a nearly 50 percent raise over 2009, but it comes several years into Ford's remarkable turn-around from the brink of bankruptcy when Mulally took charge in 2006.
The automaker released last year's executive compensation late last week while it is in the midst of discussions with the United Auto Workers union, which has suggested it wants workers to reap more benefits.
Last week, UAW chief Bob King called Mulally's recent $56.5 million stock award "outrageous" and he said that the union will use it as leverage for increased worker pay for a new contract set to start after the current one expires in September.
The union is likely to ask for more profit sharing and, reports Automotive News, it might look for stock options for workers.
Also making the list
Mulally isn't Ford's only well-paid executive, although as CEO, his earnings are the highest of anyone with a Ford business card. Executive Chairman Bill Ford received a $4.8 million salary, a $2.7 million bonus and $19 million worth of stock option awards last year after forgoing compensation between 2005 and 2009.
Ford's other top executives, including President of the Americas Mark Fields, CFO Lewis Booth and Manufacturing and Labor Affairs Executive VP John Fleming all earned well into seven figures last year.
One of the most visible automaker executives in the industry, Fields earned a roughly $1.3 million salary, a $3.6 million bonus and enough stock awards to bump him up to around $8.8 million total last year.
