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Filing reveals compensation package for new Ford CEO

Mark Fields, chief operating officer for Ford Motor Company, speaks before unveiling a new 2015 Ford Mustang 50 Year Limited Edition in fron
Mark Fields, chief operating officer for Ford Motor Company, speaks before unveiling a new 2015 Ford Mustang 50 Year Limited Edition in fron

DEARBORN (WKZO) -- Details of the compensation package of new Ford Motor Company CEO Mark Fields have been released in a filing with federal regulators. Fields will receive a pay package of 5.25-million this year along with stock options which would raise his annual income significantly.

The filing noted Fields base salary will be 1.75-million plus 3.5-million in incentives. Fields will also have the use of a corporate jet to travel to and from his home near Miami.

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