9-5-06 Bill ford steps down, hands reigns over to Boeing Exec

[dmcowen674]

9-5-2006 Bill Ford steps down from CEO post

DETROIT - Ford Motor Co. announced Tuesday that Bill Ford is stepping down as chief executive but will remain chairman of the troubled automaker.

Alan Mulally, previously executive vice president of Boeing Co. and president and CEO of Boeing Commercial Airplanes, has been named president and CEO at Ford.

Update 9-8-2006 New Ford CEO to get $18.5 million pay

 

[lokiju]

Will be interesting to see if Ford stays afloat much longer.

 

[Jawo]

Interesting...but how is the incomming CEO Indian?

 

[Ika]

I wonder if the new guy can find a way to turn Ford around. The savior of Ford? Maybe...

 

[mugs]

I'm confused Dave... no political commentary on this?

 

[imported_michaelpatrick33]

This is all because Ford wouldn't agree to turn over their frames for nanite implantation of tracking/listening/brainwashing devices that Cheney and Bush have been using for the last six years in an experimental fashion called Fox News nanite initiative 666.

 

[MasterAndCommander]

 

[artikk]

Get it through your head, Dave. The Offtopic forum isn't the Politics and News forum. Please post in the appropriate forum as to keep your and the miscallenious partisan drivel elsewhere.

 

[JS80]

Originally posted by: dmcowen674
9-5-2006 Bill Ford steps down from CEO post

DETROIT - Ford Motor Co. announced Tuesday that Bill Ford is stepping down as chief executive but will remain chairman of the troubled automaker.

Alan Mulally, previously executive vice president of Boeing Co. and president and CEO of Boeing Commercial Airplanes, has been named president and CEO at Ford.

American car companies are bleeding because of socialists like you.

 

[dmcowen674]

Originally posted by: JS80

Originally posted by: dmcowen674
9-5-2006 Bill Ford steps down from CEO post

DETROIT - Ford Motor Co. announced Tuesday that Bill Ford is stepping down as chief executive but will remain chairman of the troubled automaker.

Alan Mulally, previously executive vice president of Boeing Co. and president and CEO of Boeing Commercial Airplanes, has been named president and CEO at Ford.

American car companies are bleeding because of socialists like you.

Originally posted by: artikk
Get it through your head, Dave. The Offtopic forum isn't the Politics and News forum. Please post in the appropriate forum as to keep your and the miscallenious partisan drivel elsewhere.

Where did I say anything partisan???

 

[Icanoutsmokeany1]

This thread isn't objectionable...

 

[foghorn67]

Bill Ford had a good vision, but was unable to make any good after a lot of huge decisions that were appluaded. He did want a smaller, leaner and more focused company. And had no plans of going into ventures that didn't include vehicles.
Basically, he sucks at the operations side of things.

 

[sygyzy]

No surprise? I am surprised. It's not like they just got in trouble. This is a very interesting time we are living in. We are watching the slow agonizing downfall of a very large American company and icon.

 

[CrackRabbit]

This is sad, I have generaly liked the direction Bill Ford has taken the company. They seem more focused (pun not intended) on making a quality car or truck. It has shown too, they just need to find a way start climbing out of the hole their past has left them in.
I would have very few qualms about buying a new Ford car at all.

 

[Insane3D]

Originally posted by: mugs
I'm confused Dave... no political commentary on this?

:laugh:

 

[b0mbrman]

Originally posted by: Jawo
Interesting...but how is the incomming CEO Indian?

I'm also confused about this...I thought he might have given a speech in India talking about stepping down...but the news doesn't indicate that either...

 

[mwtgg]

India?

 

[m2kewl]

IT'S ABOUT TIME!!

 

[Passions]

What does this have anything to do with India?

:roll:

 

[vi edit]

I *swear* when I read the original post of this earlier today it didn't say a thing about India in the topic heading...but yet no edit to be found in the original post.

 

[phatj]

This is a great move and a step in the right direction... Ford can admit that Ford is not currently able to properly manage this company that I have so much $$$ invested in

 

[Eli]

Whoa.

 

[KillerCharlie]

There goes our CEO (I work for Boeing). No one is surprised that he left since everyone thought he would be CEO of the entire company (not just the commercial side). I predict he will try to turn Ford upside down - he'll most likely restructure everything, change the management, etc.

In my experience, American car companies are bloated and poorly managed.

I'm guessing India was mentioned because there's a good chance he was in India visiting with airlines, but really have no clue.

 

[dmcowen674]

OK - Everyone has a price.

Give me $18.5 million and even I would take the job.

9-8-2006 New Ford CEO to get $18.5 million payout

DETROIT - Ford Motor Co.'s new chief executive will get an annual base salary of $2 million and an immediate payout of $18.5 million for taking the job, the company said Friday

Alan Mulally, who joined Ford from Boeing Co., where he headed the company's commercial jet-building division, is getting a $7.5 million hiring bonus. On top of that, Ford will pay him $11 million to offset forfeited performance and stock option awards from Boeing.

Ford also granted Mulally 4 million stock options and 600,000 restricted stock units.

At Boeing, Mulally's 2005 compensation totaled $9.9 million, including a base salary of $825,000 and a $736,000 bonus. Most of the total came from long-term incentive payouts.

In 2007, Mulally's target bonus will be $3.5 million. He will also have the opportunity to earn at least $6 million worth of restricted stock units, as well as more options, the value of which depend on the stock's performance.

Dearborn-based Ford lost $1.4 billion in the first half of 2006

Ford and other U.S. automakers have been battered by rising health care and material costs, tough competition from Asia and, recently, the rapid decline of the market for pickups and sport utility vehicles ? high-margin products that for years have sustained their bottom lines.