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Posts Tagged ‘Ford annual meeting’

Ford Execs Fend Off Shareholder Concerns About Emissions, Compensation

Shareholders express thoughts about company, execs at annual meeting.

by on May.10, 2018

Ford CEO Jim Hackett and Chairman Bill Ford told shareholders that they are in favor of leaving CAFE standards where they are.

Ford Motor Co. top officers fended off challenges from environmentalists and stockholders during the company’s annual meeting, but shareholder dissatisfaction was clear once the votes were counted.

Executive Chairman William Clay Ford Jr. said there was a lot of “misunderstanding” about the company’s position on corporate average fuel economy, which the Trump administration has proposed rolling back.

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“We are not asking for a rollback. We want California at the table. We are working for one national standard that includes California,” the chairman insisted in response to a question during the “online” meeting by shareholder, who asked about the company’s lobbying efforts. (more…)

Ford Shareholders Thank Mulally at Annual Meeting

Family retains special class of voting stock.

by on May.08, 2014

Outgoing CEO Alan Mulally, left, and Chairman Bill Ford Jr. answer questions during this year's share holder meeting in Delaware.

Just after announcing a $1.8 billion share repurchase plan, Ford Motor Co. held its 59th annual shareholders meeting, which quickly became an Alan Mulally lovefest.

The meeting, held in Wilmington, Del., began with a video memorial to William Clay Ford, gave shareholders a chance to express their thanks to Mulally, who is retiring in July. He joined the automaker in 2006 after leaving Boeing.

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Plain-spoken and earnest, he led the company’s effort to take out what he called the biggest home equity loan in history to bolster the company against a coming recession. The effort worked and the automaker did not enter bankruptcy as General Motors and Chrysler did: a point of significant pride for many Ford employees. (more…)