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Ford stock is 40% down. That's a lot of money their stockholders aren't getting, and the stockholders aren't happy about it. Losing almost half of a person's investment is bound to make folks unhappy.
The CEO was dumping big money into a lot of advanced projects, all based on futurist stuff, and the stockholders felt he should have been paying more attention to selling cars right now, and less attention to what the future may hold.
It's a cyclical thing; Ford was doing great coming out of the Great Recession- it was the only one of the Big 3 that didn't take a government loan, and was well into the process of re-vamping their line of cars and trucks, but has faltered lately where the others have been more on the mark. I tend to think a period of stress for the Ford Co. was bound to come; it just came later for them than GM and Chrysler.
It's a rough business, even at it's best, and a corporate mistake in leadership is always very costly. GM sacked 2 or 3 CEOs in a row when they were in trouble.
Bring back Mullaly. My favorite thing he said was tell that congressman he wasnt working for $1.
How misguided can a post be? Trump was supposed to bring jobs back to Ford? What the **** does that even mean? What does Trump have to do with Ford firing their CEO? This is the problem people, we have a serious education problem in this country and social media is helping make it worse. Now every dumb ass lemming has a platform to spread their false and blatantly wrong information. We are entering the dawn of the DISinformation age and it's only going to get worse. This site is a platform for disinformation.
Damn DBones we almost agree on something else again. There were those, many on here, who trumpeted the joyous news that DT would bring job back such as auto related.
What they didn't realize was that in our present mindset, whether for good or bad, shareholder value comes first regardless of how that shareholder value is created. Whether that means lay-offs, just the way it is-----SADLY for many.
When/if the offshore profits get their repatriated lowered tax rates--- you can count on the vast majority of it will go for "shareholder" value in the form of extra dividends. For those of us with stock/bond market based wealth we will be all happy-- for those who don't its probably gonna be tough Schlitz.
The really sad thing is that their hybrid/plug-in is an awesome car. In some respects it is much nicer than the Prius, even if the gas mileage is slightly lower. They've just flubbed the marketing of it horribly.
... in our present mindset, whether for good or bad, shareholder value comes first regardless of how that shareholder value is created. Whether that means lay-offs, just the way it is-----SADLY for many. ...
Shareholder value is the key measure these days. It is the Great Buzzword of American business today.
Not building market share nor product development nor employee well-being if any of these impact shareholder value in the short term.
Unemployment could rise and people could starve, but if the stock market is climbing it will be seen as positive economic development by this reasoning.
This is going to be the standard no-win back and forth, right? If Ford adds jobs or expands, the right credits Donald Trump while the left claims he doesn't deserve the credit. If Ford cuts jobs or contracts, the left slams Trump and the right says that it's the company's fault. Sprinkle in a smattering of crazy on both sides and you've successfully recreated one of the most regurgitated debates in politics.
This happens during literally every presidency. Trump isn't responsible for every job added, nor is he responsible for each job cut.
This is going to be the standard no-win back and forth, right? If Ford adds jobs or expands, the right credits Donald Trump while the left claims he doesn't deserve the credit. If Ford cuts jobs or contracts, the left slams Trump and the right says that it's the company's fault. Sprinkle in a smattering of crazy on both sides and you've successfully recreated one of the most regurgitated debates in politics.
This happens during literally every presidency. Trump isn't responsible for every job added, nor is he responsible for each job cut.
At the risk of sounding very childish-- you guys started it....lol or Trump did and y'all followed.
If in the first month Trump and supporters tout the success of Trump because the January job numbers are good...when something bad happens -- it must be because of Trump.
Trump can't take credit for a strong economy and then denounce any impact on anything negative. It doesn't work that way.
05-23-2017, 09:04 AM
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Quote:
Originally Posted by moneill
At the risk of sounding very childish-- you guys started it....lol or Trump did and y'all followed.
If in the first month Trump and supporters tout the success of Trump because the January job numbers are good...when something bad happens -- it must be because of Trump.
Trump can't take credit for a strong economy and then denounce any impact on anything negative. It doesn't work that way.
Exactly.
Trump is the one who ran on this insane notion that he could go in and save a job here and create a job there and single-handedly put blue collar workers back in the factories.
Trump and his supporters are the ones who run around touting every announcement of job creation and giving Trump credit.
Remember IBM? The Trump followers ran around praising Trump for that, even though the jobs (which don't actually exist) had been known about since long before Trump was even elected. And now IBM is quietly having a non-layoff mass layoff, but we don't see a single cult member blaming Trump for that.
Bring back Mullaly. My favorite thing he said was tell that congressman he wasnt working for $1.
From your lips to God's ears. I had moved from Seattle to Detroit about the same time Mullaly was bought on board. Folks in the Motor City were up in arms "He's not a car guy!!!!" I rolled my eyes fully aware that if you can successfully run a company that builds aircraft, slapping together automobiles isn't that much of a stretch. Mullaly turned the company around in so many ways. Tripled the stock price.
So he retires and they promote Fields a Detroit car guy in the finest tradition of that, chrome stick-on parts and flash. All show, no go. Stock price is back where it was pre-Mullaly and they are forced to find another CEO.
Mixed feelings on Hackett. He's a competent enough executive (he ran Steelcase) and will probably be fine for a few years. What have I heard the good people of Detroit say?
The stock price and Wall Street are a national casino. It's based on passing trends, like any fashion.
They are criticizing Ford for not developing autonomous cars. How many of these are being sold? Who knows what the market for such trends will be? Electric cars? The same analysts predicted that by 2020, 15% of ALL vechicles on the road will be electric. Where is that prophecy now? At the same time, if Ford develops electric cars and the trend is hydrogen, the same experts will blast Ford for taking the wrong route.
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