Thread regarding Ford layoffs

The only way the Ford family gets voted out is if large institutional investors in Ford stock give an ultimatum to the Board.. in other words, change leadership or we dump our shares. And since Ford pays a dividend some institutions are wary to dump the shares even though there is significant risk of share underperformance in the future. Bad as things look they still aren’t as bad as 2008-09 and the family weathered that so we are stuck with them and Jimbo

@fvj Agree. Stockholders unite and be sure to vote on your proxy and vote out the family and current board members. They are so out of touch with reality and have wasted so much money. Now we are getting into the fashion business with Billy Boys daughter. How about we go back to producing an entry level reliable ICE or hybrid vehicle the average consumer can afford? And an engineer as CEO who understands how things work not someone with a man crush on Elon.

@pgn
Started with HTT, the guy always looked down on in-house D&R's, supplier this, supplier that. Farley continued that same trend of looking done and demeaning good employees. Maybe these youngsters have it right, promote me within 5 years or I move on. Use the company the way they use you.

@mtr

Twice in the span of a few months Farley threw his ICE engineers under the bus.

His exact words in Yahoo news and Bloomberg news interviews:

“They’re too slow to do their work and can’t learn new things like software and EV stuff”
“I learn more from mechanics at antique auto shows than I learn from my fancy hi-falutin phd and CAE engineers”

Now he needs those ICE engineers to resume their work in innovation and leadership , he jettisoned in 2022 and 2023.

He always wanted to be Elon musk. Tesla is tanking indeed.

It’s funny, I used to think even because I retired early in nov 2022 (however with no early incentive or severance), and get the $1000 HRA benefit (employee/spouse) that has helped pay Cobra, that I should be loyal to Ford and support the company.

Then I find I can get larger subsidies ($1200 per month) as I shop for post-COBRA coverage with Viabenefits help on ACA policies and exchange, if I squeeze my taxable income to $40k and leverage my tax-free Roth pot of funds till Medicare eligible age.

Therefore no need to feel loyal to Ford or support the company.
Especially as I might wish to buy a new 4dr sedan and Ford has no offerings for this segment.

As David Spade said… buh-bye.

EV's were an excuse to punt high cost salaried employees and jettison any associated pensions. In many cases the employee was high cost because they did their job well.

ICE/powertrain/vehicle were gutted due To the Marketing major’s and Biff’s wet dreams. Now look at them. Toyota laughing at the foolery.

@fvj
As long as Ford maintains two classes of common stock, things will never change and the company will continue to be run in the ground. Too much competition and innovation taking place for this type of structure (Ford's board members are friends and family) to succeed in the future ahead.

Funny Toyota is a family run business as well. except their members at least earn the job vs what you see at Ford. BS Majors .. no accountability. BF should have stepped down after the train station debacle. Sorry but that was a bad decision. total waste of $3/4bn dollars. Vote the family out next month.