US car maker Ford has said that its chief executive officer Alan Mulally's total pay rose 11% to nearly $30m last year.
This was despite the company's falling short on some key objectives.
The number two US car maker missed targets including costs, quality and market share.
But Ford continued to exceed its expectations on annual profit and cash flow in its auto businesses, it said in its annual statement to US regulators.
Since Mulally became head of the company in 2006, he has led its turnaround, steering it through the US economic crisis without resorting to a federal bail-out like its Detroit rivals General Motors and Chrysler.
For 2011, Ford reported its best net profit in more than a decade. But Ford failed to meet cost performance targets set for 2011 in all of its global regions except Europe, the filing shows.
Ford also missed its target for market share for new vehicles sold in all of its three global regions - the Americas, Asia-Pacific and Africa, and Europe.
Mulally received $2m in salary and $5.5m in cash bonuses. Including stock options and equity awards, his total compensation was $29.5m, up from $26.5m in 2010.
From 2009 to 2011, Mulally's total compensation package totalled about $74m, Ford figures filed with the US Securities and Exchange Commission show.
But some of that figure is tied up in stock options that have not yet vested and have option prices per share that are more than Ford's current value on the New York Stock Exchange of about $12.50 per share.
After last year's Ford compensation figures were issued, United Auto Workers president Bob King called Mulally's compensation "outrageous" and "morally wrong" at a time when some workers making Ford vehicles made about $15 per hour.
