Categories: Automobile

Ford CEO Jim Farley’s 2021 compensation practically doubles

[ad_1]

DETROIT — Ford Motor Co. CEO Jim Farley’s whole compensation soared 93 % to $22.eight million in 2021, his first full yr as the corporate’s chief govt.

The rise is essentially attributed to Farley’s inventory awards, which greater than tripled to about $16 million, in accordance with the company’s annual proxy statement filed Friday. Farley’s pay included a $1.7 million base wage, up 19 % over 2020. His compensation additionally included $830,305 for private use of plane.

Ford executives hit 135 % of their enterprise efficiency targets in 2021, in comparison with simply 23 % the earlier yr at the start of the coronavirus pandemic. Ford stated executives exceeded money stream, pretax earnings and high quality targets, though they achieved none of their income targets.

Regardless of ongoing challenges from semiconductor shortages, Ford posted 2021 net income of $17.9 billion, after racking up a $1.three billion loss in 2020 because the pandemic unfold. The corporate’s 2021 earnings included a $7.four billion revenue in North America.

Ford posted adjusted EBIT for 2021 of $10 billion, roughly 4 occasions its 2020 earnings. Coupled with an EBIT margin of seven.three %, it was Ford’s strongest efficiency since 2016. Ford’s 2021 income totaled $136 billion, up from $127 billion in 2020, marking the second consecutive yr it generated extra income than Normal Motors.

[ad_2]
Source link
admin

Recent Posts

Looking for ways Fendi 188’s Unique Indonesian Influence

Hello, fashion enthusiasts! If your heart skips a beat for luxurious luggage and accessories, you're…

2 hours ago

Discovering DTV5: Harbor City Hemp Benefits

Hey there, curious heads! Today, we're exploring the world of Harbor City Hemp and its…

3 days ago

Great things about Harbor City Hemp Goods

Hey there! So, you've probably been aware of Harbor City Hemp. Is it suitable? If…

4 days ago

Greatest Online Vendors for Good quality Kratom

Hello, kratom buffs! Whether you're just establishing your kratom journey or maybe you're a long-time…

6 days ago

Cheap Airport Taxi: Affordable, Convenient Travel to and from the Airport

Traveling can be an exciting adventure, but the costs of transportation can quickly add up.…

6 days ago

How you can Maximize Your Dozo Cart Practical experience

First things first, let's break the item down. A Dozo Wheeled is essentially a sleek,…

1 week ago