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Tuesday, April 21, 2015

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New Ford CEO gets $5.25M pay package, plus options


Mark FIelds

Photo: clickondetroit.com

July 2, 2014 | AP   New Ford CEO Mark Fields will get a pay package worth $5.25 million this year as he takes over for the retiring Alan Mulally.
 
     But he'll get stock options that could drive that figure much higher. And the company will restore his use of a corporate jet to travel back and forth from his home near Miami.
 
     Ford revealed Fields' compensation Wednesday in a regulatory filing.
 
     He'll get a $1.75 million base salary, plus $3.5 million in incentive compensation. And the company is offering him options to buy more than 710,000 shares of stock at Tuesday's closing price of $17.21 per share.
 
     Fields took over for Mulally on Tuesday. Even with the options, New Ford CEO Mark Fields will get a pay package worth $5.25 million this year as he takes over for the retiring Alan Mulally.


More WGVU News
Yesterday
Meijer Gardens dedicating 'Iron Tree' sculpture by Ai Weiwei
Grand Rapids MI  April 20, 2015  |  WGVU  A large iron sculpture by Chinese artist and activist Ai Weiwei that's designed to prompt thoughts about how different people and cultures come together is being dedicated at Frederik Meijer Gardens & Sculpture Park in western Michigan.    
Prosecutor to discuss police beatings with reporters
Detroit, MI  April 20, 2015  |  WGVU  The Wayne County prosecutor has called a news conference to discuss two separate beatings by police in the Detroit area.    
Court upholds big drug bust tied to bad light on SUV
Coldwater, MI  April 20, 2015  |  WGVU  A man busted in southern Michigan with 28 pounds of cocaine will stay in prison after an appeals court said a broken light was enough for a trooper to stop him in Branch County.    
Korean War veteran receives high school diploma
Norton Shores, MI  April 20, 2015  |  WGVU  A western Michigan man has received his high school diploma 66 years after leaving to join the U.S. Air Force and serving in the Korean War.    
AAA Michigan: Gas prices rise 10 cents in past week to $2.42
Dearborn, MI  April 20, 2015  |  WGVU  AAA Michigan reports statewide gas prices have increased by about 10 cents a gallon within the past week.    
Snyder has fund to step up national travel
Lansing MI  April 20, 2015  |  WGVU  Governor Rick Snyder has established a not-for-profit fund to finance trips across the country, fueling speculation he has his eye on the White House.    
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#BlackInGrandRapids hopes to connect community
  April 20, 2015  |  WGVU  Earlier this year, a Forbes.com article ranked Grand Rapids among the worst metropolitan areas for African-Americans to live. A longtime public relations strategist and resident recently launched a campaign to add context to the conversation.   
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Summer Travel: Tips For Kids Traveling Alone
Grand Rapids MI  April 20, 2015  |  WGVU  With spring break behind us, we now move into the summer travel season. Many families debate about whether to allow their kids to take a flight to visit family and friends. What you should know before your young one flies alone. A local travel agent offers some tips.    
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Woman gets prison in crash that killed couple on motorcycle
ALLEGAN TOWNSHIP, Mich.  April 20, 2015  |  AP  A Michigan woman who pleaded guilty to operating a motor vehicle under the influence of marijuana causing death in connection with a crash that killed a Holland couple has been sentenced to prison.   
State Capitol to re-open to public on Saturdays
  April 20, 2015  |  MPRN   After almost two decades, the state Capitol in Lansing will re-open for the public to visit on Saturdays.    
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Friday
Officer contests firing after videotaped beating of motorist
Inkster, MI  April 17, 2015  |  WGVU  A white police officer who was fired following the videotaped beating a black motorist during a suburban Detroit traffic stop says his firing wasn't based on the facts.    
Michigan State Police hosting seminar to recruit women
Lansing MI  April 17, 2015  |  WGVU  The Michigan State Police is holding a seminar for women in an effort to increase its number of female recruits.    
Michigan's Capitol dome getting overhaul amid $6.4M project
Lansing MI  April 17, 2015  |  WGVU  Michigan's Capitol dome in Lansing is getting an overhaul as part of a $6.4 million project.    
Conviction stands for man who found cop's gun in restroom
Kalkaska, MI  April 17, 2015  |  WGVU  The Michigan appeals court has affirmed the conviction of a northern Michigan man who kept a state trooper's gun that was found in a grocery store restroom.    
Public's help sought to list Michigan reptiles, amphibians
Lansing MI  April 17, 2015  |  WGVU  Wildlife experts are putting together Michigan's first statewide inventory of reptiles and amphibians and want the public's help.    
ArtPrize whale sculpture to leave Bay County this summer
Bay City MI  April 17, 2015  |  WGVU  A 1,000-pound whale sculpture created for the 2014 ArtPrize competition will stay in Bay County for the next few months before heading north.    
Police arrest 8 affirmative action protesters at U-M regents
Ann Arbor MI  April 17, 2015  |  WGVU  Police have arrested eight people during a protest at a University of Michigan Board of Regents meeting over the level of minority enrollment.    
State Online Testing Started This Week:The Verdict?
Grand Rapids MI  April 17, 2015  |  WGVU  Michigan schools kicked off new, online standardized testing this week. State officials say so far, no widespread failures or network outages have been reported. We talked with a local schools superintendent and found out the new test is not without its challenges.    
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Michigan House votes to eliminate February elections
LANSING, Mich.  April 17, 2015  |  WGVU  Michigan would no longer hold elections in February under legislation moving forward in Lansing.   
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Auto suppliers speak against Dieseltec post
  April 17, 2015  |  WGVU  At least two companies have distanced themselves from Grandville-based Dieseltec after the repair shop's comments against homosexuality ignited on social media.    
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Holland councilman makes bid for mayor
  April 17, 2015  |  WGVU  A longtime Holland City Council member has announced his campaign for Mayor.    
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GRPD: 64 tickets at Michigan/Fuller intersection
  April 17, 2015  |  WGVU  Grand Rapids police issued 64 traffic tickets this past week near Michigan Street Northeast and Fuller Avenue.   
Bill would create GPS pilot to track state government cars
LANSING, Mich.   April 17, 2015  |  AP  A bill advancing in Michigan's Legislature would create a GPS pilot program to track state government vehicles.   
AG seeks reveal of prisoner names in prison sex abuse suit
LANSING, Mich.  April 17, 2015  |  AP  Michigan's attorney general is arguing that the names should be revealed of three male prison inmates who say in lawsuits against the state Corrections department that they were sexually assaulted.   
Gov. Snyder orders flags lowered for former state Rep. Nitz
LANSING, Mich.  April 17, 2015  |  AP  Michigan Gov. Rick Snyder has ordered U.S. flags within the capitol complex to be flown at half-staff in remembrance of former Rep. Neal Nitz. He was 61.   
Lawmaker proposes state registry of homeschooled children
LANSING, Mich.  April 17, 2015  |  AP  Michigan legislation is planned to create a registry of homeschooled children following the deaths of two Detroit children found in a freezer.   
National Guard training exercise starts this weekend
GRAYLING, Mich.  April 17, 2015  |  AP  A Michigan National Guard training exercise takes place starting this weekend at Camp Grayling, Rockport State Recreation Area and in Mackinaw City.   
Governor Snyder says he’s glad to see action on no-fault
  April 17, 2015  |  MPRN  Governor Rick Snyder says he was surprised this week when the state Senate adopted an overhaul of Michigan’s auto no-fault insurance law. The governor says he was pleased to see action on the issue.   
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Thursday
Frederik Meijer preview: Japanese garden, sculptures and music
  April 16, 2015  |  WGVU  The Frederik Meijer Gardens & Sculpture Park celebrates its 20th season this year, with the addition of a new eight-acre Japanese garden, sculptures and multiple musical acts.    
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Bill would let Michigan have risk-based bridge inspections
Lansing MI  April 16, 2015  |  WGVU  The Michigan Legislature is preparing to consider legislation responding to a recent audit that found some state bridge inspections weren't always completed on time or thoroughly.    
Zombies, Spartans battle in campus game
East Lansing MI  April 16, 2015  |  WGVU  Michigan State University students are competing this week in a zombie apocalypse version of tag.    
Statewide tornado drill taking place across Michigan
Lansing MI  April 16, 2015  |  WGVU  Michigan residents are participating in a statewide tornado drill.    
Spring turkey hunt licenses still available in Michigan
Lansing MI  April 16, 2015  |  WGVU  State officials say licenses are still available to hunt wild turkeys in Michigan this spring.    
Boy found in basement after search could testify in hearing
Detroit, MI  April 16, 2015  |  WGVU  More testimony is expected at a hearing in the case of a Detroit father and stepmother accused of torture and abuse after the man's son was found in their basement following an 11-day search by police.    
Grandville shop's pro-gun, anti-gay message traversing social media
  April 16, 2015  |  WGVU  A West Michigan auto repair owner faces backlash - and support - after making his negative stance on same-sex relationships clear on social media this week.    
Severe Weather Awareness: Are You Ready?
Grand Rapids MI  April 16, 2015  |  WGVU  This week is severe weather awareness week and Kent County officials want you to be ready. And while “this week” calls attention to being prepared, the potential for severe weather in West Michigan is just beginning.    
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Auto shop owner stands by controversial social media post
  April 16, 2015  |  WGVU  A West Michigan auto repair owner’s statement on a business social media account against same-sex relationships gains traction, and threats, online.   
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Michigan Senate OKs STEM endorsement on high school diplomas
LANSING, Mich.   April 16, 2015  |  AP  High school students could be awarded a special endorsement on their diploma if they earn enough credits in science, technology, engineering and math under bills advancing in the Michigan Legislature.   
Report: Specialty courts are keeping people out of trouble
DETROIT  April 16, 2015  |  AP   Judges are praising the results of Michigan's specialty courts, which have given thousands of people, especially veterans, a chance to turn their lives around.   
Senate adopts no-fault overhaul
LANSING, Mich  April 16, 2015  |  MPRN  Republicans in the Michigan Senate have taken an early step toward overhauling Michigan’s no-fault auto insurance system.   
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Wednesday
Snyder orders flags flown at half-staff in Lincoln's honor
Lansing MI  April 15, 2015  |  WGVU  Michigan Gov. Rick Snyder is calling for U.S. flags displayed on state property to be flown at half-staff Wednesday in remembrance of former President Abraham Lincoln.    
Agency awards $1.5M in grants to 10 Michigan organizations
Lansing MI  April 15, 2015  |  WGVU  The U.S. Department of Housing and Urban Development has awarded more than $1.5 million in federal grants to 10 Michigan organizations dedicated to helping residents with housing needs.    
DeZwaan Windmill celebrates golden anniversary in Holland
Holland MI  April 15, 2015  |  WGVU  A celebration is taking place this weekend for a 200-year-old Dutch windmill that has been in Holland for 50 years.    
Bill seeks insurance coverage of hearing aids for children
Lansing MI  April 15, 2015  |  WGVU  A lawmaker and Miss Michigan are teaming up to back legislation requiring health insurers to cover hearing aids for those 21 and younger.    
Officials approve $1.5M Grand River grant application
  April 15, 2015  |  WGVU  A $1.5 million grant may help return the rapids to the Grand River.    
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Pennock Healthcare System merges with Spectrum Health
  April 15, 2015  |  WGVU  Hastings’ Pennock Healthcare System is merging with Grand Rapids-based Spectrum Health. Beginning May 1st the deal will be official when the hospital’s name is officially changed to Spectrum Health Pennock.   
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State’s jobless rate drops to 5.6 percent
  April 15, 2015  |  MPRN  Michigan’s jobless rate has dropped to five-point-six percent, bringing it very close to the national average.   
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