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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.
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.
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