New Ford CEO gets $5.25M pay package, plus options

New Ford CEO gets $5.25M pay package, plus options

Posted: Updated:
DETROIT (AP) -- New Ford CEO Mark Fields will get a pay package worth $5.25 million this year as he takes over for the retiring Alan Mulally.
 
But he'll get stock options that could drive that figure much higher. And the company will restore his use of a corporate jet to travel back and forth from his home near Miami.
 
Ford revealed Fields' compensation Wednesday in a regulatory filing.
 
He'll get a $1.75 million base salary, plus $3.5 million in incentive compensation. And the company is offering him options to buy more than 710,000 shares of stock at Tuesday's closing price of $17.21 per share.
 
Fields took over for Mulally on Tuesday. Even with the options, Fields has a long way to go to match Mulally's package of $23.2 million last year.
  • Local NewsLocal NewsMore>>

  • Vandals trash historic Detroit cemetery

    Vandals trash historic Detroit cemetery

    Friday, July 25 2014 6:41 PM EDT2014-07-25 22:41:13 GMT
    Police are looking for suspects after vandals disturb the peace at a historic Detroit cemetery. Someone broke into a mausoleum and made a mess with spray paint and ashes.
    Police are looking for suspects after vandals disturb the peace at a historic Detroit cemetery. Someone broke into a mausoleum and made a mess with spray paint and ashes.
  • Dozens arrested with gang ties in southwest Detroit

    Dozens arrested with gang ties in southwest Detroit

    Friday, July 25 2014 6:23 PM EDT2014-07-25 22:23:34 GMT
    Right now, nearly three dozen violent criminals are off the streets. The U.S. Attorney says they have ties to the Latin Counts gang in southwest Detroit. Their arrests are part of a joint effort called Detroit One.
    Right now, nearly three dozen violent criminals are off the streets. The U.S. Attorney says they have ties to the Latin Counts gang in southwest Detroit. Their arrests are part of a joint effort called Detroit One.
  • Armada teen, April Millsap, killed while out walking the dog

    Armada teen, April Millsap, killed while out walking the dog

    Friday, July 25 2014 6:06 PM EDT2014-07-25 22:06:19 GMT
    Police say the body of 14-year-old girl, April Millsap, has been found in a wooded area near a recreational trail in the Macomb County village of Armada. Police say her death has been ruled a homicide.
    Police say the body of 14-year-old girl, April Millsap, has been found in a wooded area near a recreational trail in the Macomb County village of Armada. Police say her death has been ruled a homicide.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

4739 NW 53rd Avenue, Sutie B
Gainesville, FL 32653

Phone: (352) 371-0051

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices