RCCN WeChat QrCode
Mobile WebSiteAccording to Bloomberg News, Mark Fields, who has just been removed from the position of Chief Executive Officer, is expected to receive approximately $ 57.5 million in severance pay, despite a 37% drop in the company's share price during his tenure.
Bloomberg data show that in the above huge compensation, most of the shares are not owned by Ford. Based on the stock market at the end of the stock price calculation, its value is about 29.4 million US dollars. This part of the stock is linked to the company's performance objectives and will be finalized by 2020. In addition, the compensation also includes about $ 17.5 million in retirement compensation, $ 8.1 million in stock options and approximately $ 2.1 million in proportionate incentive bonuses.
It is reported that Mark Fields in 1916 the salary increased by 19% to 22.1 million US dollars.
Mark Fields resigned from Ford's chief executive on May 19, after Ford's board had lost confidence in his ability. In the face of the dilemma that the US auto market is declining, the Ford Board of Directors is concerned about how to respond to the rapid changes in the transportation industry, and ultimately selected Jim Hackett to succeed the CEO.
Jim Hackett previously served as office furniture manufacturer Steelcase CEO, after entering the Ford unmanned and take the shared business.
Mark Fields worked for three years at Ford, while Ford's share price continued to fall, but Ford's earnings data were repeated.
"I am very grateful to Mark Fields for his great career at Ford," said Bill Ford, chairman of Ford's board of directors, on May 22 at the press conference at the new CEO Jim Hackett, but now, Ford Need to make an unprecedented change, and in my opinion, a great change in the times requires a leader with change thinking, and it is gratifying that Jim Hackett has that.
Ford said in a document on the 24th, before August 1 this year, Mark Fields can still enjoy the "rational use" of the company's business aircraft, he also qualified to receive the company this year from January to August annual bonus, and will Retain the equity awards awarded under this year's long-term incentive plan.
According to Ford's latest document, Mark Fields will be in accordance with the company's retirement plan to obtain 17.5 million US dollars, as well as as of December 31 of 53.21715 million US dollars in deferred compensation. Bloomberg calculated the amount of bonuses that should be earned by Mark Fields in 2017 based on Ford's 2016 bonus level, in which the stock option price was calculated based on the Ford stock price ($ 10.96) for the third week of the stock market.
According to the document, Jim Hackett was promoted to Ford CEO, will receive the value of 13.4 million US dollars compensation.
Which includes a basic salary of $ 1.8 million, more than double its $ 71.6 million basic salary; $ 3.6 million annual incentive scheme, $ 7 million worth of unallocated shares and $ 1 million in additional bonuses.
