Ford said Wednesday that new CEO Jim Hackett is eligible for at least $13.4 million in total annual compensation. His prececessor, Mark Fields, meanwhile, who was ousted by the board over the company's 37 percent stock slide, could walk away with about $57.5 million in compensation, Bloomberg reports. The bulk of Fields' consolation prize is in unvested stock awards worth $29.4 million, as of Wednesday
The U.S. No. 2 automaker is stuck in a product drought that shows no signs of easing until 2019, .
Over the past 12 months, shares of Ford are down nearly 16 percent. The S&P 500 index has jumped nearly 17 percent over the same time.
Ford's middling stock price forces Fields' ouster.
DETROIT (Reuters) - General Motors has reported in a regulatory filing that CEO Mary Barra's salary, bonus and awards declined more than 20 percent in 2016 to $22.6 million from $28.6 million in 2015. The company said this reflected a one-time retention bonus of nearly $11.2 million in stock options in 2015. Last week, No. 2 U.S. automaker Ford Motor Co said its chief executive Mark Fields' salary, bonus and stock awards rose 8 percent to $18.8 million in 2016, while pretax pr
His pension award was nearly $2 million higher in 2016.
It's all a numbers game.
A bad idea then is a better idea now.
"I want new plants to be built here for cars sold here!", Trump said in a tweet ahead of the meeting.
The Focus will still be built in Mexico, just not at a new plant.
The automaker will introduce 13 electrified vehicles in the next five years.
Ford's next step will be developing 'robot taxis' by 2021, and is working with Uber and Lyft on such a concept.
Ford CEO Mark Fields has just declared its intention to build a long-range electric vehicle.
From our live stage at the 2016 Detroit Auto Show, Jonathon Buckley interviews Ford President and CEO Mark Fields. Topics include autonomous cars, Ford's tie-ups with big tech companies, and the future of mobility.