April 15, 2012 |
Some people underestimate Alan Mulally when they first meet him. Ford Motor Co.'s 66-year-old chief executive, who grew up in Kansas and once aspired to be an astronaut, looks and sometimes acts like an overgrown Boy Scout. He laces his speech with words such as "neat," "cool" and "absolutely. " But the farm-boy exterior conceals one of business' toughest, most ruthless managers. When a desperate Bill Ford recruited Mulally from Boeing in 2006, Ford was heading for a $12.7-billion loss and on the verge of losing its No. 2 sales spot in the U.S. to Toyota because of poor management and an uninspiring vehicle lineup.
March 30, 2012 |
Ford Motor Co. has made what it pays its top executives about as transparent as any company in America. While many public companies hide their executive compensation data in the fine print of regulatory filings, Ford simply put out a news release that outlined what the bosses were making in fairly simple terms. It also filed the information with the Securities and Exchange Commission. CEO Alan Mulally, the former Boeing executive credited with helping Ford avoid the bankruptcy reorganizations and federal bailouts that sustained General Motors and Chrysler during the recession, earned $29.5 million in total compensation last year.
February 9, 2012 |
Ford Motor Co. announced on Thursday a series of senior management changes but gave no hint to who might succeed Alan Mulally as the automaker's next chief executive. Lewis Booth, executive vice president and chief financial officer, and Derrick Kuzak, group vice president, Global Product Development, have elected to retire effective April 1. Each has served the automaker for more than 30 years and at times have been mentioned as possible successors to Mulally. Booth, 63, will be succeeded by Bob Shanks, who is currently vice president and controller. Kuzak, 60, will be succeeded by Raj Nair, who is currently vice president of engineering, global product development.
March 9, 2011 |
Ford Motor Co. earned the most money in more than a decade last year, and that has triggered a big payday for the automaker's top executives. Ford Chief Executive Alan Mulally received stock worth $56.5 million before taxes, the company said in Securities and Exchange Commission filings Monday. The dollar figure is based on the closing price of Ford's shares March 3, a company spokesman said. Executive Chairman Bill Ford Jr. was awarded stock worth $42.4 million. Mulally, a former Boeing Co. senior executive, is credited with turning Ford around and keeping it solvent when General Motors Co. and Chrysler Group both filed for bankruptcy and survived only because of massive government bailouts.
September 20, 2008 |
Ford Motor Co. Chairman William Clay Ford Jr. sold 1 million shares for an average of $5.05 each, according to a U.S. regulatory filing. Bill Ford, 51, sold the shares to retire debt incurred in exercising stock options, a company spokesman said. The chairman, who was chief executive from October 2001 to September 2006, declined a salary during that period and received stock options instead. Bill Ford now directly holds 4,956,971 common shares, according to the filing. Accounting for the 398,920 shares held indirectly, the sale represents 16% of his common shares.
April 19, 2008
It is better to have had Love and lost him than to have never had Love at all. Michael Jameson Valencia -- Kevin Love disappointed this Bruins fan at his news conference with what I consider an egotistical attitude. Did I hear him state he wants to leave a legacy at UCLA like Kareem Abdul-Jabbar, Bill Walton and Jackie Robinson? One major difference. It is impossible to leave a legacy unless you first create a legacy. Bill Ford Orange -- So the UCLA football players decided to defy their new coach in the name of tradition and go "over the wall."