Ford CEO Mark Fields Banked $18 Million In 20140
Look away “Occupy”-ers, cuz’ the super rich are still, well, super rich. Case in point, Ford CEO Mark Fields.
The chief exec banked a cool $18.6 million in salary and compensation in 2014. Though that may sound like a lot, it is still less than the $23.3 million awarded to his predecessor, Alan Mulally, in 2013. Mulally, having left his post as CEO on July 1, 2014, was still compensated a cool $22 million for 2014. Even though he retired halfway through the year, The Blue Oval’s board felt that he deserved an entire year of stocks and bonuses because his effects were felt for the full year, a Ford spokesperson told Reuters.
Fields’ 2014 pay was representative of his mid-year job promotion: half a years’ pay for his position as Chief Executive Officer and half a years’ pay for his work as Chief Operating Officer. With that in mind, the new Ford CEO is surely bound to bank even more in 2015.
For the sake of comparison, Fields took home $10.2 million as COO in 2013 and Ford Executive Chairman Bill Ford earned $15.1 million in 2014 and a respectable $12 million in 2013. But all Ford execs were out-banked in 2014 by FCA CEO Sergio Marchionne, who added a plump 31.1 million euros ($38 million USD) to his coffers.
Meanwhile, GM said CEO Mary Barra was set to make about $14.4 million in 2014, but the company declined to disclosure her compensation.
If (and that’s a big if) there’s a lesson to be learned from all of this it’s that you should throw away the drug-rug and get a job as a hedge fund manager. You’ll make more.