Ford Authority

Ford CEO Jim Farley Made $11.8 Million In 2020 Compensation

Ford Motor Company has released its annual proxy statement, which reveals its executive compensation for the year. And in 2020, Ford CEO Jim Farley brought home a total of $11.8 million, which was a 41 percent increase over his 2019 compensation, prior to taking over as the automaker’s CEO. That total consists of a $1.4 million base salary, $5.1 million in stock awards, and around $4.2 million in other awards.

In a year ravaged by the COVID-19 pandemic, Ford’s executive team hit just 23 percent of its business performance targets versus 54 percent in 2019. None of the automaker’s cash flow, revenue, or pretax earnings targets were met, but quality targets were exceeded. Overall, Ford recorded its first net loss – $1.3 billion – since the Great Recession as revenue plunged 9 percent.

Despite this, Ford’s compensation committee opted to alter its executive bonus plan to reward execs for their response to the pandemic. “Historically, the Compensation Committee has refrained from exercising its discretion to modify the company’s incentive programs, but, with management recommendations and advice from the committee’s independent consultant, the committee determined that the unprecedented circumstances of the COVID-19 pandemic warranted such an action,” Ford wrote in its proxy.

Jim Hackett, who preceded CEO Jim Farley prior to his taking over the position later in the year, received the biggest pandemic bonus of $1.26 million, while Farley took home $685,330. Hackett’s 2020 compensation came in at $16.7 million, a 3.6 percent decrease from 2019.

Executive Chairman Bill Ford‘s compensation totaled $16 million, down 4.2 percent, while newly appointed CFO John Lawler received a salary of $715,000. His successor, Tim Stone, made a total of $6.2 million, while chief product platform and operations officer Hau Thai-Tang took home a total of $11.8 million in total compensation. Ford’s president of the Americas and International Markets Group, Kumar Galhotra, earned $8.5 million.

We’ll have more on Ford’s executive compensation soon, so be sure and subscribe to Ford Authority for non-stop Ford news coverage.

Brett's lost track of all the Fords he's owned over the years and how much he's spent modifying them, but his current money pits include an S550 Mustang and 13th gen F-150.

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  1. Chris

    This is why the Escape interior materials are so cheap. They have to have enough money left over to pay 12 million a year to Farley.

    1. Derek

      Agreed but its not as bad as GM paying Mary $21 million a year. They cheap out all the time LOL

  2. Sue


  3. Lee Glidewell

    Farley’s another jack@$$ dumb-o-crat and ain’t worth a plug nickel.
    Go kiss Biden’s backside again Jim.

  4. Fred Underwood

    How much more ridiculous can Ford Motor co. Become giving these people this kind of compensation packages, this stock holder finds it Obscene since not one of these individuals is irreplaceable. In most instances they could be replaced by anyone with a reasonable amount of intellect and life experience with a few exceptions!!!

  5. michael szittai

    The “bonus” is $5673.08 per hour if you work 2080 hours a year. That’s extra! What is his regular pay? The car manufacturers build these over the top vehicles, warranty the product for as short of time as they can, expect the consumer to drop a crap load of $$$$ for repairs, and pay the techs peanuts for what they are expected to know. The techs need to strike against the manufacturers for labor times and warranty pay. Maybe it’s not so smart to publicize the executives pay? He probably gets a company car. Make it a Honda!

  6. Chris

    Talk about cheap. My 2018 Escape! Ford decided not to put a light bulb in the shifter column so you can’t see PRND at night. I was shocked when my Ford service tech showed me the schematics. We both thought it must be a faulty bulb. But nope! No bulb to begin with! Looks crappy at night. Never saw a shifter column that wasn’t illuminated.

  7. Amilcar

    Con razón cerraron las fabricas de Ford Brasil y en Argentina, dejaron de fabricar al Ford Focus!!
    Necesitan ese dinero no para inversión, sino para pagar esos enormes salarios!!
    Ford que es mi marca de automóviles favorita, ha perdido el rumbo, de ser popular a pasado a ser solo para millonarios.- Solo les interesa ganar mas dinero, aunque eso los lleve a vender cada vez menos, lamentable.- Se olvidaron de nosotros lo clientes, por lo menos en Brasil y Argentina, no les importamos..


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