Ford CEO Jim Hackett received $17.36 million in compensation - Page 3

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Thread: Ford CEO Jim Hackett received $17.36 million in compensation

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    Re: Ford CEO Jim Hackett received $17.36 million in compensation

    Quote Originally Posted by Neanderthal View Post
    Now...when are our Great Leaders in state and federal government going to voluntarily cut their pay to zerozerozero for the duration of this created depression that is illegally closing businesses and causing people to lose their jobs? Funny, I haven't heard a peep about this.
    Agreed, unlike We the People, I don't think any of our illustrious leaders is taking a mortal blow during this 'lockdown'. Yet, as with the discussion above re CEOs, many of those responsible for ensuring preparedness for the unexpected will be the least impacted by their failures and they will get their incomes unabated while being insulated from the fallout.

    However, credit should be given where due: President Trump donates to charities 100% of his $400,000 presidential salary and has done so since he took office. He originally wanted no compensation but the Constitution requires presidential pay for various reasons, hence donations to apolitical charities. https://www.politifact.com/truth-o-m...ake-no-salary/

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    Re: Ford CEO Jim Hackett received $17.36 million in compensation

    Quote Originally Posted by Neanderthal View Post
    Have you checked into government service?
    Bwahahaha ;-) Post of the day.

    Back on topic, I don't get Ford's erratic strategy at all lately. You have big hits with the automotive press, like the new Lincoln products, only for quality issues to bring them down. Then mainstream bread and butter products, like the Explorer and Escape are getting lousy reviews, with boring styling, high prices and cheap interiors (taking a page out of the GM playbook ;-). Will they redeem themselves with the Broncos and Mach-E?
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    Re: Ford CEO Jim Hackett received $17.36 million in compensation

    Quote Originally Posted by autofan View Post
    Bwahahaha ;-) Post of the day.

    Back on topic, I don't get Ford's erratic strategy at all lately. You have big hits with the automotive press, like the new Lincoln products, only for quality issues to bring them down. Then mainstream bread and butter products, like the Explorer and Escape are getting lousy reviews, with boring styling, high prices and cheap interiors (taking a page out of the GM playbook ;-). Will they redeem themselves with the Broncos and Mach-E?
    I've said it before...outside the 16 people that post here, the common buyer doesn't really know anything about the Explorer production issues...don't believe me, ask an Explorer owner if they knew that their car went elsewhere for post assembly re-work, I'd wager that they didn't know. The Explorers...outside the ST aren't good looking cars, and TBH any XLT Ford anything has interior material quality issues...ever been inside an Expedition XLT? My thinking is that it's intentional to push buyers to the limited/platinum trims.
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    Re: Ford CEO Jim Hackett received $17.36 million in compensation

    We all over-analyze the industry and tend to use our prejudice to come up with explanations that may have nothing to do with reality.

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    Re: Ford CEO Jim Hackett received $17.36 million in compensation

    Quote Originally Posted by BORG View Post
    We all over-analyze the industry and tend to use our prejudice to come up with explanations that may have nothing to do with reality.
    You can't really blame the CEO for Union Labor performance...their hands are pretty tied when it comes to dealing w/ that workforce. What can be attributed to him was the rapid turnaround of the Chicago factory to run CD6 assembly.
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    Re: Ford CEO Jim Hackett received $17.36 million in compensation

    Quote Originally Posted by InCogKneeToe View Post
    Really? What did he do right?

    Explorer Bombed,

    Escape Missed,

    Bronco, Late.
    He wants to make sure he gets a large sum now just in case Ford goes bankrupt.

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    Re: Ford CEO Jim Hackett received $17.36 million in compensation

    Quote Originally Posted by Al465 View Post
    He wants to make sure he gets a large sum now just in case Ford goes bankrupt.
    Wouldn't you?

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    Re: Ford CEO Jim Hackett received $17.36 million in compensation

    Quote Originally Posted by Vagon11 View Post
    If the company does well, the CEO gets a bonus for the result, if the company does badly, the CEO gets a bonus for laying people off and cutting costs.
    So all CEO's work 10:00 - 2:00 take a 2-hour lunch and never get fired, just like in the movies?



    Quote Originally Posted by BlackGTP View Post
    Now here is a question for everyone to ponder. You are the CEO of a major corporation that sells non-essential product and as a result will have very bad results this year. Due to your leadership skills the company has managed to survive, but you've had to lay off 20% of the workforce and cut everyone's pay by 20% and no bonuses.

    I think the right thing is for the CEO to also take a 20% paycut and no bonus, same as everyone else. However, the company just survived because of that CEO - the remaining 80% would not have jobs were it not for him. Is it acceptable for him to get a bonus for a job well done? I think he deserves a bonus, but it will look really bad to the rank and file and possibly undermine his authority.
    Getting more would be in bad taste, the CEO (leader) is like the conductor of an orchestra, the song sound great because of him, but he isn't the one playing the music.

    Now taking full-salary would seem only slightly less shallow than getting more, but if you make 20 mm what do people say when you take a 20% pay cut? "I 'only' made 16 mm last year, I'm feeling the pain, just like you"



    Quote Originally Posted by DreadNaughty View Post
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    Re: Ford CEO Jim Hackett received $17.36 million in compensation

    Quote Originally Posted by sdotjeezy View Post
    You can't really blame the CEO for Union Labor performance...their hands are pretty tied when it comes to dealing w/ that workforce. What can be attributed to him was the rapid turnaround of the Chicago factory to run CD6 assembly.
    The plant may have dysfunctional leadership which makes problem solving harder. Alternatively Ford leadership was also lacking which frustrated the plant management, many of which ended up refusing to meet with Ford managers. Either way, lots of humans involved and blaming the UAW exclusively might vindicate your attitudes about them, but it's not the full picture. Nothing is ever as simple as people would like. It's a convergence of circumstances. Imagine the chaos forced upon the managers and workforce with a gutted plant or the enormity of the task they were trying to pull off with an impossible "All at Once" timeline dictated by Corporate. I can certainly imagine communication failures in Fords notorious bureaucracy. Ford just wasn't in shape for this launch and they have nobody to blame but themselves. I saw this coming a mile away when they didn't even bother to stagger the rollout of the Explorer and Aviator (and it's various new drivetrains and chassis features), something they always do to manage complications...and this product is spectacularly complicated. Ford just forgets its past all the time, ultimately their experience ends up meaning nothing with each new CEO.

    But they ALWAYS get it right, eventually. You just have to wait for eventually.
    Last edited by BORG; 04-07-2020 at 01:52 PM.

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    Re: Ford CEO Jim Hackett received $17.36 million in compensation

    WOW! Failure still worth 17m at ford. Looks like entire board should be replaced!

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    Quote Originally Posted by 2mchhp View Post
    WOW! Failure still worth 17m at ford. Looks like entire board should be replaced!
    As I recall, Alan Mulally was paid a fortune for years while
    Ford burned through billions of dollars and cut production.
    Fields left Ford in a hell of a mess.......

    And the board is not responsible for operational failures,
    JH is basically following the hopes and desires of Bill Ford.
    Last edited by jpd80; 04-10-2020 at 07:12 AM.

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