We all know the Big Three were in a struggle of their own to go thru the worst times, with plunging profits, plunging sales, terminations of leasing plans, employee layoffs etc, and we could all expect the Chairmans and CEOs to step up and address speeches to send doses of Anesthetics to shareholders to keep them from selling off shares, creating a massive 'throw-away' effect and inviting a Bear-market-like onslaught to the company's value. What we hadn't expect is Bill Ford himself, the Ex-CEO of Ford, current Chairman of Ford Motor Company (FoMoCo for short) and the Great Grandson of Henry Ford; would sell off 1 million from his previous 5 million shares for $5.05 million, all in the name of personal financial management. Talk about giving support to current CEO Alan Mullaly.
Tuesday, September 23, 2008
"What to do if your Great Grandfather's company is screwed? - Sell yer shares". Bill Ford
We all know the Big Three were in a struggle of their own to go thru the worst times, with plunging profits, plunging sales, terminations of leasing plans, employee layoffs etc, and we could all expect the Chairmans and CEOs to step up and address speeches to send doses of Anesthetics to shareholders to keep them from selling off shares, creating a massive 'throw-away' effect and inviting a Bear-market-like onslaught to the company's value. What we hadn't expect is Bill Ford himself, the Ex-CEO of Ford, current Chairman of Ford Motor Company (FoMoCo for short) and the Great Grandson of Henry Ford; would sell off 1 million from his previous 5 million shares for $5.05 million, all in the name of personal financial management. Talk about giving support to current CEO Alan Mullaly.
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