Ford CEO Jim Hackett's Salary Fell To $17.4 Million In 2019

Last year Ford Motor Company's CEO Jim Hackett's total compensation fell to $17.4 million from $17.8 million in 2018.

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Ford CEO Jim Hackett's total compensation fell to $17.4 million in 2019 from $17.8 million in 2018

Highlights

  • Ford CEO Jim Hackett's total compensation fell to $17.4 million in 2019
  • Hackett's total compensation in 2018 was $17.8 million
  • Chairman William Ford got $16.8 mill in 2019, up from $13.8 mill in 2018

Ford Motor Co said on Friday Chief Executive Officer Jim Hackett's total compensation fell to $17.4 million in 2019 from $17.8 million in 2018. The ratio of Hackett's annual compensation to the median of the annual compensation of all employees was 157 to 1, Ford said.

Also Read: Ford, GE Healthcare To Produce 50,000 Ventilators In 100 Days In U.S.

Executive Chairman William Ford received a total salary of $16.8 million in 2019, up from $13.8 million in 2018.

Also Read: Ford To Restart U.S. Truck Plants In April To Combat Pandemic-Linked Cash Squeeze

Government orders for social distancing and businesses to shut in the face of the coronavirus pandemic has stalled demand across the auto industry and sent companies scrambling to cut costs and beef up liquidity.

The No. 2 U.S. automaker on Thursday posted a 12.5% fall in U.S. auto sales for the first quarter.

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

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