Yet more proof that in CEO-land, market logic does not apply.  All emphasis mine:

Ford Motor Co., which posted a loss of $12.7 billion last year, said on Thursday that Chief Executive Alan Mulally received $28.18 million in compensation in 2006, including an $18.5 million bonus.

Mulally, a former Boeing Co. executive, replaced Ford family scion Bill Ford Jr. as chief executive last September.

Try having that kind of performance at your job and see if you get a bonus…