Ford Chief Wins Nearly $ 18 Million in "Hard Year"



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His total annual payment included a base salary of $ 1.8 million and $ 12.7 million of shares, as well as another compensation of about $ 3.2 million, according to public documents released Friday.

Hackett recently said during a conference call with investors that 2018 was a "difficult year", "full of headwinds". But he also positioned as a turning point.

Ford (F) committed to spending $ 11 billion to reorganize its operations, hoping to boost sales abroad and modernize its fleet with more emphasis on electric and autonomous driving technologies. Competitors, including General Motors, have announced similar plans.
The restructuring of Ford is expected to cost thousands of jobs around the world. On Friday, the company announced that it would cut about 5,000 jobs in Germany through a "voluntary separation" program and other programs. Ford told CNN Business that jobs would also be cut in the UK, but the number of jobs that would be posted in the country "remains to be determined".
Ford studies fuel consumption and emissions tests
According to the record, Hackett's compensation is 276 times higher than the median earnings of other Ford employees.

Ford praised Hackett's leadership in the rankings, saying it was "equipped to lead the company's commitment to becoming the world's most trusted company, by designing smart vehicles for a smart world that help people to move safer, safer and more freely. "

On Wall Street, few people doubt that society needs to make a difference.

Hackett became CEO of Ford in May 2017 due to increasing financial pressures. Ford's stock has risen by more than 10% so far in 2018, even though it's still 40% lower than it was five years ago.

Ford's executive chairman, Bill Ford, the company's great-grandson, Henry Ford, has also promoted the development of a new generation of electric and autonomous cars.

Bill Ford was the second highest paid officer at Ford last year with a total payout of $ 13.8 million.

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