Posted: May 18, 2017
Are things getting shaky at Ford? Last week, the company’s board of directors grilled CEO Mark Fields on his strategy — namely, investments in mobility ventures that have had no positive impact on the company’s share price.
This week Ford will announce a 10 percent reduction in its global workforce.
Is Fields’ job on the line? He has long had the backing of executive chairman Bill Ford, but that may be waning? He has not come close to earning the kind of universal acclaim his predecessor Alan Mulally enjoyed at Ford, but has also proven to be an adapter and a survivor.
His defenders make the case for Fields. He’s delivered substantial profits, he has a mobility plan and an EV strategy. Is the languishing share price really his fault? Unfortunately for Fields, where the Ford family is concerned it is.
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