Ford CEO Hackett Collected $17.8 Million Last Year
Ford Motor Co. CEO Jim Hackett received $17.8 million in total compensation in 2018, his first full year heading the company.
Ford Motor Co. CEO Jim Hackett received $17.8 million in total compensation in 2018, his first full year heading the company. He earned $16.7 million in 2017.
Hackett’s payout last year consisted of a $1.8 million base salary, plus $12.7 million in stock awards and $2.6 million in bonuses and other incentives.
Ford reports that Chief Financial Officer Bob Shanks was awarded $8.4 million last year, compared with $6.7 million in 2017.
Other senior executives saw their compensation fall, because of how it is indexed to sales and financial performance metrics. Chairman Bill Ford Jr.’s compensation declined to $13.8 million from $15.6 million.
Markets President Jim Farley received $5.9 million, down from $13.5 million. Operations President Joe Hinrichs’ total pay fell to $5.8 million from $12.1 million.
Ford has made an accomplishment that will never be bested, never even be tied.
It’s the fifth generation of a vehicle that has been increasing in sales year after year since its introduction in 1997.
Dan Nicholson is vice president of General Motors Global Propulsion Systems, the organization that had been “GM Powertrain” for 24 years.