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Ford CEO’s pay falls to $20.95 million in 2012

By DeeAnn Durbin
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DEARBORN, Michigan (AP) — Ford Motor Co. CEO Alan Mulally’s compensation fell 29 percent to $20.95 million in 2012 as the company’s board weighed record North American profits and quality improvements against heavy losses in Europe and lower market share in the U.S. and elsewhere.

Ford reported Mulally’s compensation Friday in its annual proxy filing with the federal government.

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