New Ford CEO gets paid - FOX 32 News Chicago

New Ford CEO gets paid

Posted: Updated:

Ford's new CEO Mark Fields will be paid about 9 per cent more than his old job.

Fields will receive a salary of $1.75 million, stock options totaling $12 million, and about $3.5 million if he meets his benchmarks. As for his competition, GM's Mary Barra has a base salary of $1.6 million and her total compensation may top $14 million and Chrysler's Sergio Marchionne received $5 million last year in salary-bonus and incentives with stock options worth $25-million.

With that big salary comes difficult times, especially for Barra, who will testify before the Senate subcommittee regarding consumer protection, product safety, and insurance.

  • Local NewsLocal NewsMore>>

  • Recycled car program helps those in need

    Recycled car program helps those in need

    Friday, August 1 2014 6:16 PM EDT2014-08-01 22:16:24 GMT
    "Life has been a struggle for me since I was little," said Debra Gregory. "(It) continues to be very hard." For years, abusive relationships and a string of domestic issues kept Gregory from owning her own car and moving forward. But today all that changed -- thanks to charitable organizations like 1-800 charity cars.Gregory was chosen by the charitable organization which works with the National Auto Body Council's Recycled Rides program to donate vehicles to those in need."I can go to the do...
    "Life has been a struggle for me since I was little," said Debra Gregory. "(It) continues to be very hard." For years, abusive relationships and a string of domestic issues kept Gregory from owning her own car and moving forward. But today all that changed -- thanks to charitable organizations like 1-800 charity cars.Gregory was chosen by the charitable organization which works with the National Auto Body Council's Recycled Rides program to donate vehicles to those in need."I can go to the do...
  • Undercover agents at murdered Armada teen's funeral

    Undercover agents at murdered Armada teen's funeral

    Friday, August 1 2014 6:07 PM EDT2014-08-01 22:07:12 GMT
    A community, clad in pink, gathered Friday for the funeral of the murdered Armada teen, April Millsap.
    A community, clad in pink, gathered Friday for the funeral of the murdered Armada teen, April Millsap.
  • Couple whose dogs fatally mauled jogger charged with second-degree murder

    Couple whose dogs fatally mauled jogger charged with second-degree murder

    Friday, August 1 2014 5:07 PM EDT2014-08-01 21:07:11 GMT
    The owners of the two dogs that fatally mauled a Livonia man while he was jogging in Lapeer County faced a judge Friday. The owners, who investigators say are in the country illegally, were taken into custody Thursday night.
    The owners of the two dogs that fatally mauled a Livonia man while he was jogging in Lapeer County faced a judge Friday. The owners, who investigators say are in the country illegally, were taken into custody Thursday night.
  • Download the FOX 2 Apps


  • FOX 2 News Five-Day Forecast
Powered by WorldNow

205 N. Michigan Avenue
Ground Floor
Chicago, IL 60601
Station Operator: (312) 565-5532
Newsroom: (312)565-5533

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices