I read in the October 10th National Post that the shares of Ford Motor Company sank 4%. Not much of a fall but then I saw they were $2.55. As the note mentioned, cheaper than a gallon of U.S. gasoline!!!!! They mention that the industry has suffered due to high gasoline prices and the housing slump that has caused a weakened consumer confidence.
I say that and the fact that their product lines don’t meet the consumer’s expectations and the poor quality of vehicles they sell. The fact that Ford won’t even discuss the leaking window problem shows a lot of arrogance towards the consumer.
And speaking of arrogance and the ME generation!!!! I found this article (although I don’t usually read this blog but a Google search brought me to it) and it was substantiated at more mainstream sources that, for four months of work at Ford in 2006, the CEO, Alan Mulally earned $39.1 MILLION. The company lost $12.7 BILLIION but they could afford to pay this guy $39.1 million dollars.
But could they afford to fix my window and compensate me for the repairs to my vehicle, repairs that would have been unnecessary if the guy on the line had put the window in right?
No, they pay some guy $39.1 MILLION to do what – bring the stock down to less than a gallon of gas?
Good investment??? …… I think they should spend all that loose cash they have on customer relations, fixing their built in problems, building actual quality ( not advertised quality ) and maybe make the pay package of the line guys based on quality control. - the better the built vehicle, the more in the pay package. If you screw up, well, the money goes to the consumer to fix the problem. Sort of like ownership of your product and therefore pride in what you accomplish. Not advertised bull shit ‘BUILT FORD TOUGH” but real world, takes responsibility built in quality.