Ford Authority

Ford CEO Mark Fields Made $17.4 Million Last Year

Ford Motor Company CEO Mark Fields was paid $17.4 million for the year of 2015, including a salary of $1.75 million, and a $3,465,000 bonus. The rest came from stock options worth around $12.1 million.

The Detroit Free Press reports that Mark Fields’ total awarded pay does not include more than $1 million in other forms of compensation, such as a $858,157 increase in his accounted pension value, and $370,451 in athletic tickets, corporate aircraft use, car and driver service, and other perks.

Last year was Mark Fields’ first full year as Ford CEO, after having started the position on July 1st, 2014. That year, his total pay was still sizeable at $14.8 million. He had previously served as Ford’s Chief Operating Officer (COO).

The Free Press notes that while executive pay can be a touchy subject, the automotive sector is at a relative peak right now. Ford more than doubled its net income in 2015 compared to the previous year, from $3.2 billion to $7.4 billion, and posted pretax profits in every region save for South America. At the same time, Ford’s share value dropped 9 percent over the course of the year.

Aaron Brzozowski is a writer and motoring enthusiast from Detroit with an affinity for '80s German steel. He is not active on the Twitter these days, but you may send him a courier pigeon.

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