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Home / Business / Ford boss took home nearly $ 18 million in the "challenging" year

Ford boss took home nearly $ 18 million in the "challenging" year



His total annual distribution comprised a base salary of $ 1.8 million and stock grants of $ 12.7 million and approximately $ 3.2 million of other compensation, as in the public records released on Friday has been published.

Hackett recently said in a call with investors that 2018 was a "challenging year" that was "full of headwinds". However, he also positioned it as a turning point.

Ford [ F ) pledged to spend $ 11 billion to reshape its business to boost overseas sales and modernize the vehicle fleet by focusing more on it focus on electric and autonomous driving. Competitors, including General Motors, have announced similar plans.
The restructuring of Ford is expected to cause thousands of jobs worldwide. On Friday, the company announced plans to reduce some 5,000 jobs in Germany through a "voluntary separation program" and other plans. Ford told CNN Business that jobs are also being cut in the United Kingdom, but the number of positions affected is "not yet established".
 Ford is investigating fuel economy and emissions testing
According to the notification, Hackett's compensation is 276 times higher than that Average compensation for other employees of Ford.

Ford praised the leadership of Hackett's submission states that he is "prepared to assume the company's commitment to become the most trusted company in the world by providing intelligent vehicles for one designing intelligent worlds that help people move more confidently, confidently, and freely. "

Few people on Wall Street doubt it The company has to turn things upside down.

Hackett was named CEO of Ford in May 2017 under growing financial pressure. Ford shares have soared more than 10% in 2018, although they have still declined by more than 40% compared to five years ago. Ford Ford's chairman, Bill Ford, the great-grandson of company founder Henry Ford, has also stepped up development of a new generation of electric and self-propelled cars.

Bill Ford was Ford's second-highest paid manager last year, with a total payout of $ 13.8 million.


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