X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

July 2 (Bloomberg) — Ford Motor Co.’s new Chief Executive Officer Mark Fields will be paid salary and bonus of as much as $5.25 million this year, a 33 percent increase from what he was eligible to receive as chief operating officer in 2013.

Fields, who became CEO yesterday upon the retirement of Alan Mulally, will get $1.75 million in salary and is eligible for a bonus of $3.5 million, Dearborn, Michigan-based Ford said today in a regulatory filing. He’ll get 710,227 stock options at an exercise price of $17.21, which compensation analyst GMI Ratings values at more than $3 million. Last year, Mulally received $2 million in salary and $5.88 million in bonus.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.