Shareholders Split Over Ford CEO
Criticism from some Ford shareholders.
This country’s second leading auto maker has had a tough time over the last few years. Ford lost over $2.5 billion in the first quarter of this year. As with most companies, when things are going wrong you look to the person at the top. In this case it is Bill Ford.
He may have seen this coming or he might just be a generous guy because last year he pledged not to earn a salary or accept a bonus until Ford was profitable again. However, that move did not silence the critics for long.
There are plenty of critics, but he has supporters as well. There are many shareholders standing behind him.
Ford hopes that the restructuring plan and a move away from a more bureaucratic setting will help the company get back on the profitable side. I’m sure he loves this company and has many reasons why he wants it to become profitable again, but I’m sure the resumption of his salary has to be one of those reasons.
See Also
- Autowarranties.com
Get an extended warranty on your used car - GM Turned Profit
An accounting change turns loss into profit.