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Saved Ford? During Fields’ tenure as Ford CEO from 2014-17, Ford’s stock declined by about 40 percent During his tenure at Ford, he refused to relocate his fa
by listenallyall 3y ago
Saved Ford?
During Fields’ tenure as Ford CEO from 2014-17, Ford’s stock declined by about 40 percent
During his tenure at Ford, he refused to relocate his family from South Florida to the region. Instead, he initially used Ford’s corporate jet to be with them every weekend. The disclosure sparked a furor, given that Ford was ailing at the time
Fields was forced out in 2017 in the wake of Ford’s more than five percent decline in car sales.
https://www.deadlinedetroit.com/articles/29110/starkman_former_ford_ceo_mark_fields_disses_detroit_yet_again_with_hertz_s_big_bet_on_tesla https://www.deadlinedetroit.com/articles/29110/starkman_form...
Sounds like a guy whose reputation had been tarnished, now taking advantage of a new, unexpected opportunity as CEO to re-establish it by making big, headline moves in a short time with someone else's money.
But whatever your opinion of him, an experienced, longtime executive tasked with making big turnaround moves strengthens the hypothesis that the Tesla decision was a CEO mandate without any analysis or discussion or opposition voices tolerated.