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Ford chief took home nearly $ 18 million in the "Challenge" year



His total annual payment included a basic salary of $ 1.8 million and $ 12.7 million on the stock market, as well as about $ 3.2 million. Other compensations, according to public applications, published in # 39th Anniversary

. "difficult year", which was "full of wind". But he also positioned him as a turning point.

Ford [19599006] F was obliged to spend $ 11 billion to change its business, hoping to increase sales abroad and modernize its fleet of vehicles. focusing more on the electric and autonomous driving tech. Competitors, including General Motors, have announced similar plans.
Restructuring Ford is expected to cost thousands of jobs around the world. On Friday, the company announced a reduction of approximately 5,000 jobs in Germany through the "voluntary division" program and through other plans. Ford said CNN Business that jobs will also be reduced in the United Kingdom, but the number of positions that will be damaged there is "still to be determined." [1
96459005]

 Ford investigating its fuel economy and emissions testing
According to the filing, compensation by Hackett & # 39; s 276 times more than median compensation for other Ford employees.

Ford praised Hackett's guide to the presentation, saying that it "is equipped to manage the company's commitment to become the most reliable company in the world, the development of intelligent vehicles for a smart world, which Helps people move more safely, confidently and freely. "

Few people on Wall Street doubt that

Hackett became General Director of Ford in May 2017 against the backdrop of growing financial pressure. Ford's shares reached more than 10% by now in 2018, although it is still down more than 40% compared to about a thousand years ago.

Ford Executive Chairman Bill Ford, the great grandson of the founder of Henry Ford, has also pushed for the development of a new generation of electric and independent cars.

Bill Ford was the second largest company to receive compensation from Ford last year with a total payout of $ 13.8 million


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