Big payday for Ford CEO Mark Fields

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Ford CEO Mark Fields earned a cool $17.3 million in his first full year in the top job–a 17 percent pay increase in a year that also provided bonuses and raises for Ford employees across the U.S. If you add in the accounting change value of his pension and perks like use of the company jet, the total amount grows to almost $18.6 million.

Fields, 55, replaced Alan Mulally as CEO in July 2014. Mulally was the highest-paid CEO in the auto industry for many years.

Breaking down Fields’ compensation: base salary of $1.75 million; $12.1 in stock awards and options and $3.5 million in cash bonuses; 858,000 in the changed value of his pension and $370,451 in perks like club memberships and private jets.

Ford Chairman Bill Ford earned $12.9 million last year with an unchanged salary of $2 million; Chief Financial Officer Bob Shanks earned $5.6 million in total including his $831,250 salary; and Joe Hinrichs, president of The Americas, accumulated $6.4 million including his $1 million salary. Jim Farley, president of Ford Europe, Middle East and Africa, made $5.8 million with a salary of almost $894,000.

Last year Ford negotiated a new four-year contract with the UAW that saw pay increases and thousands in bonuses, tied to record profits in the U.S. that contributed mightily to a record $10.8 billion in operating profit for 2015. Executive bonuses take into account the company’s financial performance as well as meeting goals in areas such as quality and productivity.

Stockholders can weigh in when Ford has its annual shareholder meeting in Wilmington, Delaware, on May 12.