Increases to the CEO’s salary, stock awards, perks and benefits offset a reduction in bonus payments, according to a regulatory filing Friday. Stone's compensation also reflected an $850,000 signing bonus. She earned $21.87 million in total compensation in 2018, the Free Press reported. Fiat Chrysler Automobiles paid CEO Mike Manley more than $14.4 million in total compensation in 2019, 232 times that of an average employee's $62,259. The ratio of Hackett's annual compensation to the median of the annual compensation of all employees was 157 to 1, Ford said. Hackett, 63, is leading an $11 billion restructuring of Ford that involves slashing jobs, closing plants, updating an aging lineup, exiting the North American sedan market and pouring billions into electric and self-driving cars. Ford reported in its proxy filing that Hackett’s annualized pay was 276 times the $64,000 earned by the company’s median worker. In 2019, Ford CEO Jim Hackett had a total compensation of $17.4 million, of which the basic salary is $1.8 million, the stock award is $ 13.2 million, the incentive salary is $1.8 million, and other compensation is $617,637. It also must negotiate a new contract with the United Auto Workers for its 56,000 U.S. hourly employees, whose health-care costs are said to be on track to exceed $1 billion next year. Ford included salary and pay ratio data for its full workforce in its annual executive compensation report to the U.S. Securities and Exchange Commission, a disclosure now required of companies by the 2010 Dodd-Frank Act. He retired in 2014 after three decades with the office furniture maker, according to Automotive News. Additional executive perks in 2019 included: Aircraft costs include cost per flight hour, including catering, fuel, maintenance, flight crew and hangar storage. Ford scheduled its annual meeting for May 9, and it will be conducted online for the third year in a row. Read more on Ford and sign up for our autos newsletter. CFO Tim Stone, who moved from California to Michigan, received $692,652 for relocation expenses and housing assistance. Manley's package, which included benefits such as tax preparation and retirement-related charges, afforded him a base salary of $1.6 million, a bonus of $1.3 million and long-term incentive of $9.6 million. © 2020 www.freep.com. Hackett's … Salaries posted anonymously by Ford Motor Company (UK) employees. In 2018, he earned $5.8 million. Salary information comes from 255 data points collected directly from employees, users, and … Ford Motor Co said on Friday Chief Executive Officer Jim Hackett's total compensation fell to $17.4 million in 2019 from $17.8 million in 2018. Last year, net income fell by more than half, as Ford lost money in every region of the world other than North America. The company’s shares fell 39 percent as Wall Street criticized Hackett for moving too slowly and failing to explain his turnaround plan. They fell short of targets for automotive revenue, and operating margin and cash flow, while meeting expectations for pretax profit from the lending unit Ford Credit. Stone came to Ford from the technology sector with limited experience in manufacturing. Hackett took the helm at Ford on May 22, 2017. He was paid $8.4 million in 2018. Ford CEO Jim Hackett, who began overhauling the carmaker's business plans last year, took home a 2018 compensation package worth nearly $18 million. Hackett has been praised for the alliance talks the company is conducting with Volkswagen AG, which have yielded an agreement to jointly produce commercial vehicles. Shareholders for the 15th consecutive year will consider a proposal to strip the Ford family of its 40 percent voting control of the automaker and move to one vote per share. Your California Privacy Rights / Privacy Policy. Former CFO Bob Shanks was compensated $8.3 million for 2019, too. Bill Ford received $419,275 for personal use of aircraft and $899,219 for security. Updates with executive pay targets in the eighth paragraph. Ford is rolling out redesigns of profitable trucks and sport utility vehicles, including the Ranger pickup and Explorer and Escape SUVs. Before it's here, it's on the Bloomberg Terminal. Bill Ford, the great-grandson of company founder Henry Ford, got almost as big a package as his CEO. Hackett became CEO … Ford shares have recovered some lost ground this year, gaining about 10 percent through Thursday. Have a confidential tip for our reporters? Pro-Trump Group Donor Sues Over Failure to Expose Election Fraud, Astra Eyes Extra Global Vaccine Trial as Questions Mount, Diego Maradona, Soccer Icon Who Led Argentina to Glory, Dies at 60, Trump Says He’ll Give Up Power if Electoral College Backs Biden. Ford Motor Co. Chief Executive Officer Jim Hackett’s compensation rose about 6 percent in 2018, a year the CEO characterized as “mediocre by any standard” for the automaker. Jim Farley, president, New Business and Technology and Strategy, was paid $8.4 million. As President and Chief Operating Officer, and Director at ABBOTT LABORATORIES, Robert B. Ford made $9,586,387 in total compensation. Executive Chairman William Ford received a total salary of $16.8 million in 2019, up from $13.8 million in 2018. The CEO and President of Ford Motor Company earned US$17,752,835 as a total compensation including paid in cash US$4,392,000, equity rewards US$12,743,125, and other compensation US$617,710. Ford CEO: $28M for 4 months work Former Boeing exec got $18.5 million bonus, almost $9 million in stock and options and base salary at annual $2 million rate, according to proxy. Article last re-published on June 23, 2020. Hackett received $17.75 million in total compensation, up from about $16.7 million in 2017. He made headlines when he sent a memo in January 2019 that said 2018 "was mediocre by any standard." Bill Ford received total compensation of $13.8 million for his work as executive chairman last year, compared with $15.6 billion in 2017. Automaker’s shares fell 39 percent in 2018 as earnings plunged, Hackett leading an $11 billion overhaul to revive company. The average Ford Motor Company salary ranges from approximately £12,257 per year for Apprentice Automotive Technician to £72,908 per year for Sales Manager. The dramatic difference, Ford said, is attributed to pension values and how the data is calculated. Currently, Hackett gets triple the compensation he earned as CEO of Grand Rapids-based Steelcase, when he received $5.8 million in total compensation during each of his last three years. Ford CEO’s 2019 salary of $17.4 million is equivalent to 157 times the annual salary of ordinary middle-level employees. Ford's compensation was worth $25.2 million, … He also voiced regret after a disappointing earnings report in January 2020. Of this total $1,000,000 was received as a salary, $1,562,500 was received as a bonus, $3,476,054 was received in stock options, $3,475,992 was awarded as stock and $71,841 came from other types of compensation. Ford also disclosed data for its other highest-paid current executives: Hinrichs abruptly retired from the company in 2020.