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The Spaminator
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Ford CEO Alan Mulally has no plans to leave
Randall Chase
May 12, 2011
Yahoo

WILMINGTON, Del. (AP) -- Ford CEO Alan Mulally brushed aside talk of retirement on Thursday, saying he hasn't given any thought to stepping down now that the company is profitable.

"I haven't thought about that at all," Mulally, 65, said during a brief meeting with reporters after Ford Motor Co.'s annual shareholders meeting in Wilmington, Del.

Mulally's retirement is the subject of frequent speculation because he turns 66 in August.

Mulally said he's pleased to be with Ford and has no plans beyond that. Ford Executive Chairman Bill Ford, who fired himself and hired Mulally as CEO in 2006, joked that there won't be any discussion about Mulally leaving until 2025. The company doesn't have a mandatory retirement age.

Mulally was hired away from Boeing Co. to rescue Ford, which was close to bankruptcy at the time. At Ford, he has cut brands, plants and staff and plowed the savings back into cars and trucks that are now hot sellers. Sales of the Fusion sedan, for example, are up 23 percent through April, while sales of the revamped Explorer SUV have more than doubled.

Ford posted its eighth straight quarterly profit in the first quarter. The profit, of $2.6 billion, was Ford's best first-quarter performance in 13 years.

Shareholder Robert Tenney of Sherburn, N.Y., congratulated Bill Ford for having the "vision and humility" to turn over the CEO job to Mulally.

Mulally has been rewarded for his success. In 2010, he received a pay package worth $26.5 million, up 48 percent from the year before. That included a base salary of $1.4 million and stock and option awards valued at nearly $15 million.

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Gotta love, Mr M.

He will make sure Ford doesn't get fat and complacent with prosperity.

What is amazing is that Ford is turning these profit numbers in the worst economy since the Depression and with product shift away from more profitable large vehicles. Plus, these numbers are solid - not padded by debt thrown out through bankruptcy. You've got a company that is well managed, has a plan, and is executing and fine tuning it. Government Motors has none of this. They are twiddling away knowing that they have a five year cushion before they have to face their incompetence again. And - they will likely be doing this with between $10-$20 billion in free taxpayer money they will never have to pay back!
 

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Ford CEO Alan Mulally may have been the best person to put Ford back on solid ground. BUT, I give him a poor marks for phasing out the Merc line. AND for not introducing a new midsize 2dr door coupe in the Ford lineup (Thunderbird). Ford currently has no car out there that I can jump up and down and shout thats what I want.:toetap:
 

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The Spaminator
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Discussion Starter #8
Ford CEO Alan Mulally may have been the best person to put Ford back on solid ground. BUT, I give him a poor marks for phasing out the Merc line. AND for not introducing a new midsize 2dr door coupe in the Ford lineup (Thunderbird). Ford currently has no car out there that I can jump up and down and shout thats what I want.:toetap:
Niche cars are not something you develop in hard times. Now that Ford is out of the mess they can do just that.
 

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Mercury C557
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Ford CEO Alan Mulally may have been the best person to put Ford back on solid ground. BUT, I give him a poor marks for phasing out the Merc line. AND for not introducing a new midsize 2dr door coupe in the Ford lineup (Thunderbird). Ford currently has no car out there that I can jump up and down and shout thats what I want.:toetap:
I feel pretty much the same way, djhogie
but imho
the murder of Mercury started long ago when Fomoco killed off Merc in Canada
so imho there was an anti-Merc faction way before Mr. M. came on board.
There's no doubt he's changed the WAY Fomoco operates
but I haven't seen any changes in WHAT they do since they returned to caring about cars, under Bill Ford.
I'm just waiting to see if they offer anything closer to my ideal Mercury C557 (that I've 'pined' for since the C1 came out) than the Focus
to be able to jump up & down with excitement -- the Focus is darn close, but . . .
 

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I have followed Ford for as long as I can remember.......Bill was not much of a leader and I feel he was too cautious and was afraid to rock the boat and instill the major change that was needed.... But, I do give him the upmost credit to admit, he couldn't get the job done, and found someone he thought could!

Back in the 90's Ford, GM etc, were living on their 15K profit per SUV - gave up on cars - put them out to pasture, and I about totally lost it when they were going to make the new mustang, the "PROBE"...

It was totally apparent that MAJOR CHANGE had to be made... Ford was trying like everyone else with their other brands.. Taurus = Sable - Mustang = Capri, Countour = Mystique, Thunderbird = Cougar.... and the Expedition = the gawd awful Navigator... I mean have you seen the movie VACATION.... the family truckster had the dual tail lights like the rediculously stupid looking stick on's the back of the Navigator... I mean are you really going to want that!.... and anyone that thought it was worth the extra 5-10K to have one, deserved it..

I hated to see Mercury go, but folks, they meant nothing anymore, they diluted them to death.. I have no problem using the same chasis, but my gosh at least give them different sheet metal... like the old mustangs and old cougars... Cougars had a unique look at least back then..

Why is a badge and a grill = to a new car?

(Believe it or not, there are still some idiots that actually think that a GMC truck is "better in dependability than a Chevy truck." Hello, Mc Fly, anyone home?

I had heard that FORD was looking at going to the numbers for their cars versus names, and I was ticked.

When Mulally wanted to change the name of the 500 back to the Taurus...I was happy. Why did they ever change it to the 500.. I know it was a retro name, but the car wasn't any different, it was a damn name. If they wouldn't have diluted the taurus to the fleet, and developed the car for the consumer, they wouldn't have to reinvent it in the first place.

I mean just because BMW, Mercedes and ? uses numbers for their cars, big freaking deal.. that isn't going to sell cars... Why do we always have to try to be like everyone else... Be unique, be the leader not the follower....

He also asked the question, "Why do we need 17 different seat tracks to bolt a seat to the floor?", this guy was going after cost.... and reducing part numbers, which reduces inventory, suppliers, Engineering changes and overall work...

I have also been waiting for the day that Mulally leaves.. I had hoped that Ford didn't have an age requirement, like many companies do for their CEO's.... I think he has done a wonderful thing, he's respected, and he's believable...

One last comment that just made me smile.... He asks for all the Division managers to give a report and show their charts on where they were at making their goals..... Everyone was basically on target...He then asks, if you are on Target, why am I here? He encouraged them, to get to the root cause, give realistic numbers, and encouraged them to not tell a great story, but tell the true story of where they were at... He encouraged them to be HONEST and bring forth the problems.. not hide them and be afraid to say, they were failing..... In this day of non-loyalty, I can see why they were afraid to come forward and tell the truth... someone wants to just point fingers at ya and chuck ya there on the spot, instead of working with ya to resolve the root cause....

Why did I just ramble all this, I dunno.... not even going to re read it to make sure it makes sense....

It just made me smile to hear, he's not going anywhere for awhile...

Go Ford!!!
 
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