Alan Mulally, CEO of Ford Motor Co., presenting the new Ford Sync system in Germany earlier this month. (Gallup/Getty)

United Auto Workers President Bob King went on the attack at the lucrative pay package of the Ford Motor CEO, saying it was ‘morally wrong’ that Mulally received stock worth about $54.5 million from the company.

“I think Alan Mulally is a great CEO, but I don’t think any human being in the world deserves that much money. I think it’s outrageous,“ said King, speaking to reporters during a three-day union convention in Detroit. King’s remarks come as the union prepares for the first set of labor negotiations with U.S. automakers since the bankruptcies at General Motors and Chrysler Group. Get the full story »