Ford board leaves embattled CEO with little room for error

Ford stock — Ford shares have fallen 25 percent under Hackett and by more than half since the departure of Mulally, the only CEO of a Detroit automaker who kept his company out of bankruptcy in 2009. (BLOOMBERG)

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By:

KEITH NAUGHTON

B

By:

Bloomberg

|

February 10, 2020 04:24 PM

DETROIT -- A little executive bloodletting can sometimes ease the pressure on an embattled chief executive officer. But Jim Hackett is unlikely to see any letup from Ford Motor Co.’s board following the surprise early retirement of one his two top lieutenants.

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