Ties that bind
After five years at the helm of his family's company, Bill Ford finally concluded that he was in over his head. In tacit acknowledgement of Ford's weak management team, he went outside the company and recruited an industry outsider, Alan Mulally, from Boeing. One of Mulally's first acts was to hock the company's physical assets to raise cash.
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After the collapse of alliance talks with GM, the globetrotting CEO is going it alone - at least for now. (more)
Kerkorian selling his stock removes a big psychological barrier. But beleaguered General Motors CEO Rick Wagoner still faces many hurdles ahead. (more)
After five years, most cars are worth a fraction of their original cost. These models do the best, according to Kelley Blue Book. (more) |
