Ford Motor Co. Chief Executive Officer Jim Hackett’s compensation rose about 6 percent in 2018, a year the CEO characterized as “ mediocre by any standard” for the automaker.
Hackett received $17.75 million in total compensation, up from about $16.7 million in 2017. Increases to the CEO’s salary, stock awards, perks and benefits offset a reduction in bonus payments, according to a regulatory filing March 15.
Hackett is leading an $11 billion restructuring of Ford that involves slashing jobs, closing plants, updating an aging lineup, exiting the North American sedan market and pouring billions into electric and self-driving cars. ...
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