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Ford Chief Challenge Leads $ 18 Million in Challenge Year



The total annual payment was 1.8 million. US $ 12.7 million base salary Dollar share awards, along with approximately $ 3.2 million $ 19,000 in other compensation, based on publicly announced Friday reports

. A "difficult year" that was "full of frustration".

Ford ( F ) pledged to spend $ 11 billion to restructure its business, hoping to increase sales abroad and modernize its fleet with more focus on electric and standalone driving technology. Competitors, including General Motors, have announced similar plans
Ford's restructuring is expected to cost thousands of jobs worldwide. On Friday, the company announced that it would cut some 5,000 jobs in Germany through its 'voluntary segregation' program and other plans. Ford said to CNN Business that there would be a reduction in jobs in the UK, but the number of positions that will be affected will be "determined".
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According to the statement, Hackett's compensation is 276 times the average compensation for other Ford employees.

Ford praised Hackett's leadership statement as saying "he is ready to lead the company's commitment to becoming the world's most reliable company, developing intelligent cars for an intelligent world that helps people move safely, trust and freely . ”

Few Wall Street Doubts That

Hackett Becomes Ford CEO In May 2017, Ford's stock up to 2018 grew by more than 10%, though compared to for five years, it still dropped by more than 40%

Ford chairman Bill Ford, grandfather of founder Henry Ford t new generation of electric and self-propelled cars.

Bill Ford was the second-largest executive director in Ford last year, with a total payout of $ 13.8 million. USD


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