Question

How can Ford Motors CEO continue the sucess the company had during Mulllay years?

How can Ford Motors CEO continue the sucess the company had during Mulllay years?

Homework Answers

Answer #1

When Alan Mullaly taken over as Ford’s CEO in September 2006, the company was clearly broken as its stock price had fallen down (the least was $1.01 per a share in 2008) and its debt was at "Junk” status, and 2006 was the worst year in its history with a $12.7 billion loss. It was estimated that Ford will file bankruptcy. However, by the time Mullaly retired on July 1, 2014, Ford had achieved a turnaround, becoming a “history-making revitalization.” Therefore, the Ford company has no success during the tenure of Mullaly years.

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