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Saturday, January 29, 2011

Way to Go Alan Mulally - Ford Motor Company is Now a High School Graduate!


What an incredible year it was for Ford Motor Company.  Rising from the ashes in 2009 to having a record breaking profit year in 2010 with the leadership of Alan "F&#@% You Toyota!" Mulally, is just amazing.  The media was literally digging the graves of the big 3 automakers just a short time ago, and now they are singing their praises (Ford especially).

For a great read on two of the major principles that Alan Mulally instituted at Ford Motor Company to boost its re-emergence, check out these picks at Amazon for less than $16:  The Remedy: Bringing Lean Thinking Out of the Factory to Transform the Entire Organization and The Fifth Discipline: The Art & Practice of The Learning Organization
This was their best year since the 90's, adding 6.6 billion dollars in profit (on $120 billion revenue), and coming out with not only stylish new models but upping their quality as well.  The government bailout was a big help of course, but with the guidance of the their hotshot CEO and a new found energy through out their corporate culture, this was a huge breakthrough.

And with these record profits, they not only impressed the institutional investors, but put BIG smiles on the faces of their mostly union workers (to the tune of $5,000 in profit sharing bonuses for each one!).  Nice way to end the year (although they missed their profit estimates in the fourth quarter), and a great sign the we may be slowly coming out of this ugly ass recession.

Not only was he named the #2 business person of the year by Fortune Magazine, but he and Ford are now off my High School Drama list.  Good job guys!!

12 comments:

I agree he did a fantastic job and definitely deserved to be voted as business person of the year on many lists which he was

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