DETROIT -- Jim Hackett's compensation in his second full 12 months as CEO of Ford Motor Co. fell about 2 % because the automaker failed to satisfy many monetary targets.

Hackett, 64, earned $17.36 million in complete compensation in 2019, based on the corporate's annual proxy assertion, down from the $17.75 million he earned in 2018. He earned $16.7 million in 2017 after turning into CEO in Might of that 12 months.

His 2019 compensation included a $1.eight million base wage, unchanged from 2018; $13.2 million in inventory awards, up almost $500,000 from 2018; and $1.75 million in bonuses and incentives, down greater than $800,000. Hackett's complete compensation additionally consists of $91,523 for private use of plane, a perk Ford's CEO has lengthy loved.

Ford's high executives hit 54 % of their enterprise efficiency targets in 2019,together with solely four % of firm income targets and 28 % of money circulate targets. The overall quantity was helped by executives hitting 118 % of the corporate's high quality targets.

Ford...