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August 16, 2006

All Business: Ford is in trouble, but its CEO is not

  • No one can throw Bill Ford out, and nothing has to change unless the Ford family wants it to happen.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Ford Motor Co. is losing money big time. Its costs are surging. It widened one of the biggest recalls ever. Its market share is being eaten away by foreign rivals. Its stock has dropped more than 20 percent over the last year.

    CEO Bill Ford must be worried, but since his family owns a controlling block of the automaker's voting stock, chances are he isn't all that concerned about his job status. A dual-class stock structure at Ford means the descendants of founder Henry Ford run the show, and mostly don't have to answer to other shareholders.


     
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