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Opinion - USA - Private Ford?
NEW YORK,NY,USA -Forbes, by Joann Muller 24 Jan 2006: -- William Clay Ford Jr. seems to think that's enough to inspire confidence among investors that he's finally got the right strategy to stop the erosion of Ford Motor's, market share and profits in its core North American business... At last, after more than four years with his hands on the wheel at Ford Motor, the great-grandson of Henry Ford was beginning to talk like a man with a vision. Yet, when Bill Ford and his minions had the chance to spell out the specifics of their recovery plan, they were remarkably thin on details... The long-term view is better suited to a family-run company, where the interest is in preserving company assets for future generations as much as it is receiving quarterly dividends. Maybe Bill Ford, whose extended family owns 5% of the company stock, but enjoys 40% voting control, should take the company private and fix it on his own clock, sparing investors from this guessing game... It's not so far-fetched. At a Ford gathering a couple of years ago, Bill Ford hinted that he'd actually considered the possibility back in March 2003, when Ford shares were trading around $6.50 a share. Today, at $8.33 a share, Ford’s market capitalization is around $15 billion. Maybe Bill Ford ought to give the idea a second look...
posted by Unknown @ 10:47 AM
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