In response to Farley's payout, UAW President Shawn Fain remarked, 'This is corporate greed, plain and simple'
Jim Farley received a base salary of $1.7 million, along with $20.3 million in stock awards and $2.4 million in incentive plan compensation.That’s a significant raise of 26% compared to his $21 million compensation in 2022.Yet he still makes less than many other automotive CEOs in the industry. In a move that surprises absolutely no one, Ford CEO Jim Farley received a substantial raise in 2023, boosting his total compensation from the automaker to $26,470,033.
Not everyone believes that Farley should be making so much though. Shawn Fain, the president of the UAW was very critical. https://twitter.com/UAW/status/1773772611907948963 “Just a few weeks ago Farley was crying to the press about how the UAW’s record contracts were forcing the company to rethink where they build their vehicles, but now they have no problem finding the money to give him a 26 percent pay raise to $26.5 million a year, Fain said in a UAW statement.
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