Ford Ex-CEO Walks Away With About $57.5 Million After Ouster
- Automaker to let Mark Fields use company aircraft until Aug. 1
- New CEO Jim Hackett’s compensation valued at $13.4 million
Bill Ford Says New CEO to Drive Transformational Change
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Former Ford Motor Co. Chief Executive Officer Mark Fields, who led the company as it lost almost $25 billion in market value, could walk away with payouts worth about $57.5 million.
The largest portion of the ex-CEO’s compensation will be in unvested stock awards valued at $29.4 million as of Wednesday’s close, according to data compiled by Bloomberg. Those will vest through 2020, with the majority tied to performance goals. Fields also is entitled to about $17.5 million in retirement benefits, plus stock options worth $8.1 million and an estimated prorated incentive bonus of about $2.1 million.