Ford CEO's compensation jumped 17 pct to US$17.4m in 2015

[DETROIT] Ford Motor Co Chief Executive Officer Mark Fields' salary, bonus and stock awards jumped 17 per cent to US$17.4 million in 2015, a year in which the auto maker earned a record pretax profit, the company said on Friday.

Including pension and perks, Fields made US$18.6 million, down from US$18.9 million in 2014. His pension award was US$2.8 million lower in 2015 than in the previous year.

Last year was the first full one for Ford under the guidance of the 55-year-old Fields, and the company earned a record pretax profit of US$10.8 billion.

Ford Executive Chairman Bill Ford, 58, got a salary, bonus and stock awards totaling US$9.9 million, down 1.6 per cent from 2014, also because of a higher pension award a year earlier. Ford's pension award was US$3 million lower in 2015 from the previous year, the company said in a filing with US securities regulators.

REUTERS