by
Mark Fields
Corporate America is a funny place.
With word of the firing of Ford's CEO Mark Fields came a report Sunday night in the New York Times that the board of directors and investors had become critical of Fields for failing to expand the company’s core auto business and for lagging in developing the high-tech cars of the future. The story by Bill Vlasic also noted that the stock shares dropped 40 percent during Field's three-years at the top.
All that being said, it's worth mentioning that Field's salary, bonus, and stock awards rose 8% to a total of $18.8 million in 2016. What's more, if you include pensions and perks, Fields made $22.1 million, up nearly 19% from $18.6 million.
Ford explained in March that the compensation increase stemmed partly from performance bonuses based on a single-year target for 2016 and a portion of a goal for the three years through 2018, Reuters reported.
Good to know when you're flying high in the corporate world, you can get pretty healthy raises even when a lot of folks who matter think you're falling far short in the job.
Go figure.
