1. Ford's CEO Switch-Out Shows that the Automaker is Still a Family Business — and that Bill Ford is Still in Charge

    Ford's CEO Switch-Out Shows that the Automaker is Still a Family Business — and that Bill Ford is Still in Charge
    • Ford announced on Tuesday that CEO Jim Hackett will retire October 1 and be replaced by current COO Jim Farley.
    • Ford remains a family business, overseen by Bill Ford, the company's chairman and great-grandson of founder Henry Ford.
    • The carmaker's share price has been in decline for years, through three different CEOs. The Ford family still controls the company — and relies on the stock...
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    1. I thank him for his brave leadership and his friendship.
    2. My closest ally in this was Bill Ford.
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