Ford CEO Hackett Collected $17.8 Million Last Year

March 15, 2019 at 3:31 PM

Ford Motor Co. CEO Jim Hackett received $17.8 million in total compensation in 2018, his first full year heading the company. He earned $16.7 million in 2017.

Hackett’s payout last year consisted of a $1.8 million base salary, plus $12.7 million in stock awards and $2.6 million in bonuses and other incentives.

Ford reports that Chief Financial Officer Bob Shanks was awarded $8.4 million last year, compared with $6.7 million in 2017.

Other senior executives saw their compensation fall, because of how it is indexed to sales and financial performance metrics. Chairman Bill Ford Jr.’s compensation declined to $13.8 million from $15.6 million.

Markets President Jim Farley received $5.9 million, down from $13.5 million. Operations President Joe Hinrichs’ total pay fell to $5.8 million from $12.1 million.