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The directors of Ford (F) meet this week and are expected to discuss one of the most pressing...

The directors of Ford (F) meet this week and are expected to discuss one of the most pressing issues facing the automaker: the retirement of CEO Alan Mulally. President of the Americas Mark Fields is poised to be promoted to COO, anointing him as a probable successor to Mulally, Bloomberg reports.
Comments (6)
  • WisPokerGuy
    , contributor
    Comments (779) | Send Message
     
    If Mr. Fields can generate some stock performance, I say "BRING HIM ON". The sooner the better.

     

    I'm sure I'll take some flake for this, but I can't view Mulally as anything but an overall failure for the stockholders during the last 20 months.
    11 Sep 2012, 10:30 PM Reply Like
  • AZKID44
    , contributor
    Comments (59) | Send Message
     
    WOW !!! I didn't expect Mually to be retiring this soon? I am wondering what time frame we are talking about? IMO Mually really spearheaded the turnaround for Ford .

     

    Using the link above "Fields has long been the front-runner to replace Mulally, who is expected to retire at the end of 2013"

     

    I am glad to see Mually to continue oversee the Ford transition (especially in Europe) through 2013.

     

    LONG F
    12 Sep 2012, 12:46 AM Reply Like
  • Vangaurd
    , contributor
    Comments (72) | Send Message
     
    Mulally has done a great job of steering ford, if anyone is upset with its stock price blame the bailout of GM, if GM was not bailed out Ford would be THE dominant automaker with little competition and a soaring stock. Still long F.
    12 Sep 2012, 05:00 PM Reply Like
  • WisPokerGuy
    , contributor
    Comments (779) | Send Message
     
    It amazes me that somehow people always forget that the management of Ford sat right alongside General Motors and Chrysler and asked Congress for bailout dollars back in December 2008. The fact are the facts. Look it up. Ford knew that if they were the only car company left standing, the prices of their automobiles would rise 30% because most of the US part suppliers would have gone out of business. Ford would probably have survived, but would be a shell of its former self.

     

    Revisionist history does not change the fact that since Mulally and his crew screwed up their January 2011 quarterly report, the stock price is down almost 50%. Is that 50% drop entirely their doing? No. But frankly over the last 18 months Ford's management team has continually acted like the "Gang That Couldn't Shoot Straight" when dealing with their stock performance. And since Mulally is in charge, he bares the majority of the responsibility for the stock performance. Period.

     

    I stand by my statement in the comment above.
    13 Sep 2012, 11:37 PM Reply Like
  • Tdot
    , contributor
    Comments (3445) | Send Message
     
    It amazes me that somehow certain wiseguys forget that Ford sat right alongside General Motors and Chrysler and asked Congress, twice, to provide TEMPORARY LOANS to GM and Chrysler, in order for them to AVOID BANKRUPTCY as the entire nation plunged into the worst recession in US history since the Great Depression.

     

    Ford didn't want any "bailout" money for themselves, and never asked for any for themselves beyond a portion of the the already approved $25B in Department of Energy LOANS to fund projects to improve fleet average fuel economy as mandated. Ford knew the massive red tape and political hazards that would come with asking the Government for "help", and wanted no part of it. Ford already had the cash they needed to remain in business, through a $23.5B commercial loan they already took out, with substantially all corporate assets, including the Blue Oval itself, held as security. That loan, by the way, has been paid back in full.

     

    Ford simply asked that GM and Chrysler receive a portion of the TARP loans being provided to the failing banks, and their respective portions of the DOE funds. Ford certainly didn't want GM and Chrysler to receive free bailout cash from the taxpayers, to be subsequently written off and never paid back in the Bankruptcy that was forced on them by The Regime.

     

    Ford would NEVER have agreed for GM and Chrysler to receive anything but temporary, short term, Government-backed LOANS to be paid back, in cash, in full, and with interest, as soon as the Companies regained footing and became profitable again. The Companies were profitable again after only a year or so, but the Taxpayers were left holding the bill for tens of billions of dollars given to Old GM, New GM, and FiatChrysler, which will never be paid back.
    14 Sep 2012, 12:07 AM Reply Like
  • Carbon1
    , contributor
    Comments (7) | Send Message
     
    I like Alan Mulally, the company did a lot better since he took the job.
    19 Sep 2012, 04:25 PM Reply Like
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