Why does the Ford family allow elimination of thousands of employees in a year the company will make $11.5 - $12.5 billion in earnings before taxes?
Because Farley's goals are:
- ) Reinstate dividend for Ford family.
- ) Increase dividend for Ford family.
- ) Cut salaried employees to sustain dividend for Ford family & eliminate resistance to EV strategy.
- Establish new business groups (Model E, Ford Blue, Ford Pro) that can be spun off in whole or in part for a special 1-time payout to Ford family and/or new stock issue for add'l dividends for Ford family.
- Establish Ford Credit as a bank from which Ford can borrow in times of distress or as a loan funding source to sustain Ford family control.