In early May of 2020, Jim Farley bought $1 million worth of Ford stock, 195,000 shares at a little over $5 a share. It was a surprising move for an executive who normally gets plenty of stock and stock options as part of his compensation to be buying some of that same stock outright with his own money. At the time, Farley was Ford's chief operating officer, having been named to that position three months before by then-CEO Jim Hackett.
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