---
title: "Former Ford CEO Mark Fields To Get $57.5 Million For ‘Retiring’"
description: "Fields is reportedly entitled to over $57M worth of stock awards, retirement benefits, stock options, and other bonuses."
date: "2017-05-25"
modified: "2017-05-25"
authors:
  - name: "Chris Tsui"
    job_title: "Contributor"
    link: "https://www.thedrive.com/authors/chris-tsui"
url: "https://www.thedrive.com/news/10657/former-ford-ceo-mark-fields-to-get-57-5-million-for-retiring"
categories:
  - "News"
tags:
  - "Business"
  - "CEOs"
  - "Ford"
  - "Mark Fields"
---

# Former Ford CEO Mark Fields To Get $57.5 Million For ‘Retiring’

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Earlier this week, former [Ford CEO Mark Fields "retired"](<https://www.thedrive.com/news/10484/ford-ceo-mark-fields-fired-report-says>) amidst a 40 percent drop in the American automaker's stock and was replaced by the company's Smart Mobility' expert, Jim Hackett. According to a report by [*Automotive News*](<https://www.autonews.com/article/20170524/OEM02/170529908/fields-could-walk-away-from-ford-with-57-5-million>), we are now learning how much Fields could be paid out as a result of his departure.

Using data compiled by Bloomberg, *AutoNews* concludes that Fields could very well walk away with a cool $57.5 million. This reportedly consists of $29.4 million of stock awards, retirement benefits worth $17.5 million, $8.1 million in stock options, in addition to prorated incentive bonuses worth an estimated $2.1 million. All of this is on top of this year's annual bonus pro-rated for the first 8 months of 2017. According to a company filing on Wednesday, Fields is also entitled to "reasonable use" of Ford corporate aircraft until August 1st.

For some perspective, Fields made a total of $22.1 million last year.

The report goes on to note that despite the less-than-ideal stock performance, Ford earned record profits during Fields' tenure. At Monday's press conference, Executive Chairman Bill Ford said, "I’m very thankful to Mark and he had a really terrific career here, but this is a time of unprecedented change. A time of great change, in my mind, requires a transformational leader and thankfully we have that in Jim."

## Author
Chris Tsui is *The Drive*'s former Reviews Editor and current freelance automotive journalist. He's based in Toronto.

### Author social links  
[Instagram](<https://www.instagram.com/cltsuii/>)