Last year was banner year for auto industry sales; however, Ford executives, led by CEO Mark Fields’ $18.6 million in compensation, fared well, they didn’t set new records in 2015.
Fields earned just under $18.6 million in salary and incentives, which was down from the previous year’s total of $18.9 million. The difference stems from a change in pension value. It dropped to $858,157 from $3.6 million in 2014. Pension values change annually due to a variety of factors, including discount rates and other issues beyond Ford’s control.
However, in terms of what Fields found in his paycheck every two weeks, his base salary increased from $1,662,500 to $1,750,000. Overall, his compensation includes a $3.2 million bonus, long-term stock options and other awards. (more…)