I have no problem with the pay provided the company is successful. However, when companies are run into the ground and poor decisions after poor decisions are made, the pay is not warranted. In Ford's case, the company's quality and launch issues are well documented and we have a CEO ripping the hourly employees in the media which is never a good thing to do. If Farley did not like the contract he should not have signed off on it.
Incidentally, I would not switch jobs with the CEO based on pay. I worked hard and am financially comfortable. I do know if I messed up as some of the CEOs have, I would have been out of a job years ago.