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<< Previous   of   Next >>   ADVERTISEMENT   Related Stories • It's rough driving the Ford company 4/5/08   CONTACT THE HERALD Mike Benbow, Business Editor benbow@heraldnet.com   Published: Saturday, April 5, 2008 Business briefs Mulally paycheck valued at $22.8 M Ford Motor Co. President and CEO Alan Mulally received compensation valued at $22.8 million in 2007, down nearly 42 percent from the prior year, when he joined the company and collected a hefty signing bonus, according to a federal regulatory filing published Friday. Mulally earned $2 million in salary and a $4 million bonus in 2007. The automaker lost $2.7 billion in 2007. Mulally also received $1.4 million in perks. Ford's executive perks include personal use of all of these: company phone cards and cell phones, car and driver service, season tickets to athletic events, club memberships and fuel and car washes for evaluation vehicles lent to executives. For Mulally, the perks included $752,203 for his personal use of the company's jet, as well as personal use of the jet by his wife, children and guests "to ease the burden of Mr. Mulally moving to Southeast Michigan and away from his family in Seattle, Washington," according to the company's proxy, filed with the Securities and Exchange Commission. Todd Shipyards buys Everett firm Todd Shipyards Corp. has completed its purchase of Everett Shipyard Inc., which it will call Everett Ship Repair & Drydock, Inc. Kevin Quigley, president of the Everett business for the past seven years, will continue to operate the company, which will be a Todd subsidiary. Consumers gloomy over economy The gloomiest outlook for the economy in 35 years may be forcing Americans to live with what they have and save up for what they want. A growing number of anxious people across all income segments are shopping at less expensive stores, reacquainting themselves with the library, paying down credit card debt and cutting back on new clothes and cars, vacations and meals out. The psychology of the American consumer has turned as worries heighten about the job market, the slump in real estate and soaring daily living costs. Samsung chairman put in the hot seat Special prosecutors probing claims of corruption at Samsung Group took their investigation to the very top, quizzing its chairman in a lengthy interrogation over allegations the conglomerate paid bribes and engaged in other illegalities. Lee Kun-hee, who has run South Korea's biggest industrial group for two decades, emerged early Saturday after nearly 11 hours spent in the office of the independent counsel examining the claims raised last year by a former Samsung lawyer. The 66-year-old tycoon earlier said he said nothing to do with setting up a slush fund or ordering the payment of bribes. But he left saying he would do his best to prevent anything similar from happening again. From Herald staff and news services

1. Early morning gunfire wounds 2 in Everett 2. Father guilty of manslaughter in girl's death 3. ZZ Top fans get Everett buzzing 4. Crash devastating for toddler 5. Snohomish County budget passes, with a caveat 6. Fall 2009 Wesco All-League Teams 7. Laundry fire sparks concerns over smoke detectors 8. Two people injured in Highway 9 collision 9. Northrop: Boeing's 767 ‘no longer commercially viable' 10. Lynnwood police seek hit-and-run driver 2 - Top 10 Stories Most Talked about 3 - Top 10 Stories Most Emailed

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