Ford CEO Jim Farley’s 2024 compensation falls to $24.9 million

Ford CEO Jim Farley's total compensation in 2024 fell by 6.1 percent. That’s because the company achieved just 90 percent of its earnings target, 88 percent of its EV retail sales target and none of its quality target. (FORD)

Michael Martinez

March 13, 2025 10:16 PM

Ford Motor Co. CEO Jim Farley’s total compensation fell 6.1 percent last year to $24,861,866 after the automaker failed to meet quality and electric vehicle sales targets, according to the automaker’s annual proxy statement.

Featured Stories

New Stellantis CEO Antonio Filosa faces series of hurdles

Filosa’s ability to honestly assess where Stellantis has erred in recent years could prove vital as he works to repair relationships with dealers, suppliers and employees.

New Stellantis CEO Antonio Filosa faces series of hurdles

Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal

Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal

Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output

Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output

Finance Insurance

FTC seeks to drop one count against Asbury after Trump executive order on disparate impact

FTC seeks to drop one count against Asbury after Trump executive order on disparate impact

Latest News

Trump to double steel tariffs to 50% to aid Nippon-U.S. Steel deal

Automakers warn shortage of rare-earth magnets from China threatens U.S. light-vehicle output

Live updates on tariffs: Court rulings sow tariff confusion

Daily 5 report for May 30: A look at some Ford family dynamics

Staying current is easy with newsletters delivered straight to your inbox.

See More in Ford

Daily 5 report for May 30: A look at some Ford family dynamics

Bill Ford says Michigan battery plant ‘in peril’ under proposed legislation

Ford recalls more than 1 million vehicles in the U.S., Canada for backup cameras

Ford accuses law firms of fraudulent overbilling, including a 57.5-hour workday

Staying current is easy with newsletters delivered straight to your inbox.