(Bloomberg) — Ford Motor Co. stock has fallen further under Chief Executive Officer Jim Hackett than it did during the leadership of his predecessor, who was ousted by the company’s board.The automaker’s shares have declined 38% since Hackett became CEO in May 2017, replacing Mark Fields, who was pushed out by Ford directors unhappy with the direction of the company. During the 35-month tenure of Fields as CEO, Ford’s stock fell 37%.Hackett is under pressure to accelerate his $11 billion turnaround plan after a disastrous rollout of the redesigned Explorer SUV led to dismal earnings and a disappointing profit forecast. …read more
Source:: Yahoo Finance
