Mexican Media Brands
Ford CEO Fields Eligible for 33% Raise
Mark Fields, who succeeded Alan Mulally as CEO at Ford Motor Co. on July 1, could receive nearly $5.3 million in direct compensation this year one-third more than he was eligible for as COO last year, according to a regulatory filing.
#regulations
Share
Mark Fields, who succeeded Alan Mulally as CEO at Ford Motor Co. on July 1, could receive nearly $5.3 million in direct compensation this year one-third more than he was eligible for as COO last year, according to a regulatory filing.
Ford says Fields' salary in 2014 will be $1.75 million, and he is eligible for a bonus as large as $3.5 million. He also may receive stock grants and options. Last year such options hiked Fields' total compensation to $10.2 million.
RELATED CONTENT
-
Bill on Self-Driving Cars Stalls in Senate
Congressional efforts to make it easier to develop self-driving cars in the U.S. have stalled in the Senate despite strong bipartisan support.
-
Feds Probe Another Tesla Crash Involving Autopilot Feature
Federal investigators are looking into another crash involving a Tesla Model S electric sedan that was operating in semi-autonomous mode.
-
Dubai to Test Digital License Plates
Next month Dubai will begin testing digital license plates that can display various messages, make payments and conduct other transactions.