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Thursday, February 15, 2007

Ford CEO Mulally Yucking It Up on the Links While Company Falters

So the company you just took over is going down the tube fast and just racked up a record $12.7 billion loss. What do you do? Golf I guess.

The Detroit Free Press sports section has an embarrassing article on Ford's (NYSE: F) new CEO Alan Mulally discussing how he is spending more time on the links then in the corporate office lately.


From the article:

"The news is bad all around, and Alan Mulally is playing golf. Five days before Ford Motor Co. announced its record $12.7-billion loss for 2006, the chief executive officer played in the pro-am of the PGA Tour's Bob Hope Chrysler Classic near Palm Springs, Calif.

Two weeks after making the historic announcement, Mulally was back on the PGA Tour, this time teeing it up in the AT&T Pebble Beach National Pro-Am.

That means Mulally has played in more PGA Tour events this year than Tiger Woods." Link to the Article

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