8chan/8kun QResearch Posts (5)
#8945154 at 2020-04-28 06:18:24 (UTC+1)
Q Research General #11449: The Late Show Starring Pepe w/ Guests: Pepe and Music From: Pepe Edition
Ford's Struggles Continue: 6 Top Executives Paid More Than Its 2019 Net Income
While Ford's (F) vehicle production remains closed because of the coronavirus pandemic, the automaker is looking to preserve its cash, recently taking down $15 billion from its revolving credit facility, it has been revealed that the cumulative compensation of six of the company's top executives exceeds its annual net income.
In 2019, Ford reported a net income of $47 million, down from $3.7 billion in 2018, but paid six executives $70 million combined, in a year where the automaker has been troubled by a botched Ford Explorer launch, recalls, and warranty costs, USA Today reported.
According to the news outlet, CEO Jim Hackett was paid $17.36 million in 2019, while Executive Chairman Bill Ford received $16.76 million, and Tim Stone, chief financial officer for the company, was paid $8.32 million after being hired on April 15. Chief Financial Officer Bob Shanks, who Stone replaced, reportedly made $8.32 million in 2019, while Jim Farley, who was president, New Business and Technology and Strategy, at the time, received $8.36 million while Joe Hinrichs, then-president, Automotive, was paid $11 million.
Cash has been Ford's main focus as of recent, along with other automakers like GM that drew from its revolving credit facility and suspended dividends as well as stock buybacks. Ford has also suspended its dividend and is reported to have $30 billion in cash on hand as of April 9..
With the coronavirus continuing to bear down, Ford is in the midst of a struggle as it contends with re-opening plants during the COVID-19 pandemic and determining when its highly-anticipated Ford Bronco should be released as well as the new F-150 pickup truck - both scheduled for launch in 2020.
Ford reported that it expected a $600 million loss before taxes, but disclosed in its Securities and Exchange Commission filing that it had an estimated net loss of $2 billion for January through March because of the coronavirus pandemic due to shutdowns and a decline in vehicle sales, the news outlet said.
Shares of Ford stock were up 5.62% as of 3:51 p.m. EDT on Monday.
https://www.ibtimes.com/fords-struggles-continue-6-top-executives-paid-more-its-2019-net-income-2965927
#5859789 at 2019-03-24 07:04:39 (UTC+1)
Q Research General #7496: Geologic Time Edition
>>5859787
Resignations in the news 3/21/2019 - part 2
Reporter Loses Job After Right-Wing Activist Laura Loomer's Legal Threats Over CPAC Coverage
https://www.thewrap.com/reporter-laura-loomer-live-action-lose-job-resign-cpac-oliver-darcy/
EagleBank founder and CEO Ron Paul retires
https://wtop.com/news/2019/03/eaglebank-founder-and-ceo-ron-paul-retires/
Two Russian Governors Resign Amid Shake-Up Of Regional Leadership
https://www.rferl.org/a/29834395.html
Trooper convicted in rape, fired by State Police
http://www.sentinelandenterprise.com/localnews/ci_32527280/trooper-convicted-rape-fired-by-state-police
High Point board faces public's wrath as three members resign
https://www.njherald.com/20190321/high-point-board-faces-publics-wrath-as-three-members-resign#
Novocure Chief Science Officer Eilon Kirson to retire after 7 years in the role
https://www.marketwatch.com/story/novocure-chief-science-officer-eilon-kirson-to-retire-after-7-years-in-the-role-2019-03-21
Cambridge councillor Donald Adey resigns post 400 miles away
https://www.bbc.com/news/uk-england-cambridgeshire-47651642
Ford (F) CFO Bob Shanks to Retire and be Succeeded by Tim Stone
https://www.streetinsider.com/Corporate+News/Ford+%28F%29+CFO+Bob+Shanks+to+Retire+and+be+Succeeded+by+Tim+Stone/15283166.html
Former Murdoch exec resigned over Fox's approach to covering Muslims
https://www.axios.com/former-murdoch-exec-resigned-over-foxs-approach-to-covering-muslims-3e998163-64a6-4fc0-8198-1ea4c902f718.html
Encana CFO Sherri Brillon to retire after 10 years in the role
https://www.marketwatch.com/story/encana-cfo-sherri-brillon-to-retire-after-10-years-in-the-role-2019-03-21
Finance chairman resigns in Henry County
https://qctimes.com/news/local/finance-chairman-resigns-in-henry-county/article_7137cf52-c3ca-50ba-a566-31a0d667f260.html
Learning Care Group promotes Mark Bierley to CEO as Barbara Beck retires
https://www.crainsdetroit.com/people/learning-care-group-promotes-mark-bierley-ceo-barbara-beck-retires
Brea Olinda girls basketball coach Stephanie Anderson resigns after one season
https://www.ocregister.com/2019/03/21/brea-olinda-girls-basketball-coach-stephanie-anderson-resigns-after-one-season/
Stultz prepares to retire from Columbus North's band program
http://www.therepublic.com/2019/03/21/stultz-prepares-to-retire-from-columbus-norths-band-program/
Three Barnstead selectmen resign during heated Tuesday night meeting
https://www.unionleader.com/news/politics/local/three-barnstead-selectmen-resign-during-heated-tuesday-night-meeting/article_8585f594-a4e0-5dfb-b8b9-baed36a92443.html
Longtime Daily Press attorney retires after 32 years of representing the paper
https://www.dailypress.com/news/newport-news/dp-nws-hunter-sims-retires-20190320-story.html
Wabash Township Fire Chief Mike Francis resigns
https://www.jconline.com/story/news/2019/03/21/wabash-township-fire-chief-mike-francis-resigns/3233827002/
Police Chief Jack Conklin retiring after 30 years with Brea department
https://www.ocregister.com/2019/03/21/daxon-police-chief-jack-conklin-retiring-after-30-years-with-brea-department/
Storm Lake High School principal resigns
https://ktiv.com/2019/03/21/storm-lake-high-school-principal-resigns/
Presbyterian minister fired from college over 'gross misconduct'
https://www.bbc.com/news/uk-northern-ireland-47647354
#5809956 at 2019-03-21 15:13:54 (UTC+1)
Q Research General #7432: More Digging Than Ever Before Edition
Ford names Amazon veteran Tim Stone as CFO
(Reuters) - Ford Motor Co on Thursday named Amazon.com Inc veteran Tim Stone as chief financial officer, the automaker's first external hire for the role in seven decades.
Stone, 52, replaces Bob Shanks, who will retire at the end of 2019 after serving the company for 42 years.
Stone held various financial roles at Amazon for two decades, and was most recently CFO of Snapchat messaging app owner, Snap Inc.
He decided to quit Snap less than a year after taking the job, becoming the second finance chief to leave the company in a year since the much-criticized redesign of the app.
Stone will take over as CFO on June 1, Ford said.
The No.2 U.S. carmaker said Shanks, 66, will work closely with Stone on the transition and then on special projects through the end of the year.
The last time Ford named an outsider to the role of CFO was in 1949 when Theodore Yntema, previously a consulting economist to Ford, was hired for the position.
Yntema mentored a group of young executives who came to be known as "the whiz kids". The group included Robert McNamara and Arjay Miller, both of whom later became Ford presidents.
Stone will report to Chief Executive Jim Hackett.
"Bob's leadership was integral to Ford's comeback during the great recession," Hackett said.
The automaker also named Mark Ovenden to the role of president of International Markets Group, replacing Peter Fleet, who will retire.
Fleet previously served as president of Asia Pacific - a region that reported the biggest loss during the fourth-quarter, hit by plummeting sales in China.
Ford, which ended 2018 with $23.1 billion in cash, said its losses in China would narrow this year.
https://www.marketscreener.com/AMAZON-COM-12864605/news/Ford-names-Amazon-veteran-Tim-Stone-as-CFO-28206125/?countview=0
#5184454 at 2019-02-15 07:10:38 (UTC+1)
Q Research General #6623: P-A-I-N Edition
>>5184451
Resignations in the news today - part 2
Former TPD officer resigns following OVI, traffic charges
http://www.wtol.com/2019/02/14/former-tpd-officer-resigns-following-ovi-traffic-charges/
NetApp Co-Founder Dave Hitz To Retire
https://www.crn.com/news/storage/netapp-co-founder-dave-hitz-to-retire
North Texas Superintendent Resigns Amid 'Inappropriate Conduct' Allegations
https://dfw.cbslocal.com/video/4029301-north-texas-superintendent-resigns-amid-inappropriate-conduct-allegations/
Two Broward transit workers fired for alleged timecard fraud
https://www.sun-sentinel.com/local/broward/fl-ne-broward-bus-supervisors-fired-over-timecards-20190214-story.html
Bayfront Health St. Petersburg CEO, CFO Resign
http://news.wjct.org/post/bayfront-health-st-petersburg-ceo-cfo-resign
Ellington Middle School principal to retire this summer
https://www.journalinquirer.com/towns/ellington/ellington-middle-school-principal-to-retire-this-summer/article_e19c37a8-306d-11e9-9f15-e7c8b574a8e1.html
Eastern West Virginia Regional Airport's newly hired business manager resigns
https://www.heraldmailmedia.com/news/tri_state/west_virginia/eastern-west-virginia-regional-airport-s-newly-hired-business-manager/article_fe054ef1-a562-5e32-939b-eb2319a7cbcb.html
Longtime H-M-S band director set to retire this Spring
https://ktiv.com/2019/02/14/longtime-hms-band-director-set-to-retire-this-spring/
State senator and CF firefighter Jeff Danielson to resign over PSO program
https://wcfcourier.com/news/local/govt-and-politics/state-senator-and-cf-firefighter-jeff-danielson-to-resign-over/article_fd995c6b-dd6e-5b00-b33e-2497358d239b.html
Rosemount police chief to retire
https://www.hometownsource.com/sun_thisweek/rosemount-police-chief-to-retire/article_d570052a-309c-11e9-8cb3-572200676e0c.html
Slovenia: Member of parliament resigns after stealing sandwich
https://boingboing.net/2019/02/14/slovenia-member-of-parliament.html
Ford CFO Bob Shanks retiring as company seeks to double profit, sources say
https://www.freep.com/story/money/cars/ford/2019/02/14/chief-financial-officer-Bob-Shanks-retire/2868901002/
Jerry Johnson resigns as NRB president
http://www.bpnews.net/52418/jerry-johnson-resigns-as-nrb-president
Encompass Health exec to retire
https://www.bizjournals.com/birmingham/news/2019/02/14/encompass-health-exec-to-retire.html
Lovejoy ISD Superintendent Resigns, School Board Cites 'Adult Victims'
https://www.nbcdfw.com/news/local/Lovejoy-ISD-Superintendent-Resigns-School-Board-Cites-Adult-Victims-505840201.html
Longtime director retires from Food Bank
https://www.advocate-news.com/2019/02/14/long-time-director-retires-from-food-bank/
SFWMD executive director announces resignation in front of board that lacked quorum
https://www.tcpalm.com/story/news/local/indian-river-lagoon/health/2019/02/14/sfwmd-board-meets-without-quorum-due-resignations-goss-no-show/2851940002/
Pocatello Police Chief retiring after 38 years of service
https://www.localnews8.com/news/pocatello-police-chief-retiring-after-38-years-of-service/1017153695
#4891055 at 2019-01-24 21:22:52 (UTC+1)
Q Research General #6244: Senate: Both Motions Fail To Pass Edition
No-deal Brexit would cost Ford up to $1 billion - source
DETROIT (Reuters) - Ford faces a bill of up to $1 billion (£767 million) if Britain leaves the European Union without a deal, comprising World Trade Organization tariffs and the impact of a weaker pound, a person familiar with the company's plans said on Thursday. The impact of Brexit on Ford, based on internal calculations, would be in the range of $500 million to $1 billion depending on a variety of factors, said the person, who asked not to be identified discussing internal company planning. Sky News earlier on Thursday reported the hit could be $800 million, citing a Ford spokesman.
Car makers and other manufacturers, including Airbus earlier on Thursday, have warned about the toll a no-deal Brexit could impose, including higher tariffs, disruption to supply chains and threats to jobs. Britain is due to leave the European Union in 64 days, and with Prime Minister Theresa May failing to win support for her negotiated deal, companies are increasingly worried about the possibility of a chaotic Brexit.
Ford Chief Financial Officer Bob Shanks on Wednesday declined to say what the financial impact of a no-deal exit could be, but said Ford was already planning for it. "We clearly have already started to work on the eventuality of there being a hard Brexit," he told reporters at the No. 2 U.S. automaker's headquarters outside Detroit. "We're certainly hoping that does not happen, but we can't wait." "We're actually incurring costs, doing things now to prepare for that, so there will be an impact. It's a material impact," he added. Last week, Shanks said a no-deal exit was unlikely, but if it occurred it would be "catastrophic."
In July 2016, Ford said that Britain's decision to leave the EU would impact the automaker by $800 million to $1 billion over two years. Ford, the top-selling automotive brand in Britain, operates two engine plants in Britain, its third-largest market, and the destination for roughly one in three cars made at its German Cologne plant. On Jan. 10, Ford, which employs 53,000 people in Europe, said it would cut thousands of jobs and look at plant closures in Europe as part of its plan to return to profit in the region.
https://www.reuters.com/article/uk-britain-eu-ford/no-deal-brexit-would-cost-ford-up-to-1-billion-source-idUSKCN1PI1VD