( Image courtesy of Topnews.in)
Ford motor company, America's Company, posted an outrageous jump in profit for the third quarter; 70% outrageous ($1.6 billion in profit for the quarter or a rise of 43 cents /share). The American car manufacture, who was the only US car company not to file for bankruptcy last year, has been on the rise for the last 6 quarters with 2010 earnings totaling $6.3 billion thus far ( Now that is "Built Ford Tough"). I am genuinely happy the company has been able to thrive during these tough economic times and know most of the credit, for the turnaround, lies in the hands of Alan Mulally, CEO of Ford. Mr. Mulally is one CEO whom might be worth half of what he earns (made $17.9 million last year).
This is why you let an engineer run these kinds of companies. Chevy cut costs, cut R&D and just churned out Tahoes while Ford innovated.
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