52 week low today. If with this fact and the EV investment delay these fraud executives are not shown the door this company is finished. Bill needs to step down as well; at this point I would take Elena, she is a good multitasker. She can drink and drive at the same time.
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Anyone else remember the town hall where AM explained why we would no longer be worrying about the stock price?
- chasing short term stock gains was detrimental to the long term health of the company
- stock buyback schemes use to be illegal as they were a method to enrich executives who were gaming the system with stock buybacks. Then there is no money to reinvest in the company.
There was a longer more elegant discussion —- but F the investors with a short term outlook. And any Ford employees who still are holding only ford stock in your 401k, well shame on you. Every year you get an email telling you about how risky that is, and advising you to diversify.
I say good on Fain. If Ford cared about its customers and the actual workers they would cut 50% of the “leadership” tree along with their do-nothing minions.