Ford’s CEO Mark Fields Made a Cool 17 Million in 2015
It’s no secret that the automotive industry is back, and with all cylinders firing for the first time since 2008. With record-high sales for most manufacturers, it’s their CEOs that are cashing the big checks!
One of those CEOs is Ford’s Mark Fields. The Bruce Wayne look-alike-executive, took home every penny of 17.3 million dollars as compensation for his duty to the blue oval in 2015. And although 17 million bucks is a mind-boggling amount, that doesn’t include a $858,157 increase to his pension balance, and $370,451 bucks in corporate aircraft, sports tickets, and personal driver and vehicle perks, bringing the total closer toward 19 million. Rough life, eh?
As with most executives, not all of those dollars go straight to their pockets. Field’s yearly salary is a “mere” 1.75 million, but was awarded a 3.4 million cash bonus, and a whopping 12.1 million in company stock. In retrospect, Bill Ford made a conservative 10.1 million dollars.
Ford made a staggering 7.2 billion in income last year, which more than doubled its performance in 2014, and although it lost money in South America, it made money in Europe for the first time since 2011.
As they say, credit given where credit is due. Good job, Mark Fields!