Former Boeing exec Mulally takes pay cut at Ford

Published 3:57 pm Tuesday, February 24, 2009

Tough times call for tough measures.

And former Boeing Co. executive Alan Mulally apparently is “Ford Tough.”

As Ford struggles to stay afloat, Mulally, Ford’s chief executive, and Bill Ford Jr., executive chairman, will take 30 percent pay cuts over the next two years, according to the Wall Street Journal.