Ford CEO Jim Hackett's salary rose by over a million dollars last year despite the automaker's poor results and job cuts in Europe.
Ford CEO Jim Hackett's compensation rose 6% to $17.75 million, from $16.7 million in 2017, despite the company's difficult 2018 results which saw profits drop by more than 50%.
The automaker struggled in Europe and Asia last year as it attempts to complete a major overhaul of its strategy.accordingFord's CEO Jim Hackett boosted his salary by over a million dollars last year despite the automaker's poor results.to an SEC filing, despite the company's difficult 2018 results which saw profits drop by more than 50%.
Ford's share price fell 40% last year but Hackett earned $1.3 million in basic pay, a $1 million bonus, $10.3 million in stock awards plus $3.6 million from the company's incentive plan.thousands of jobs in Europe as part of its $11 billion restructuring plan and showed considerable weakness in Asia, particularly China, where it lost $515 million in the fourth quarter.
"Certainly, it was a challenging year, in that we were hit by some headwinds outside of our control and frankly, poor performance in some parts of the business which we have now taken action to address," HacketHackett also told employees in that email that it was"time to bury ... in a deep grave,"
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