Ford’s Annual Meeting Is Virtual, But Its Troubles Are Real
- Chairman says Ford family also frustrated by falling shares
- Board questioned CEO’s strategy ahead of first online meeting
Ford CEO Fields Says Nafta Is ‘Very Important’
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Ford Motor Co. shareholders assailed the company’s leaders over what one investor called the “pathetic” performance of the automaker’s stock and questioned how the board can continue to support Chief Executive Officer Mark Fields.
Executive Chairman Bill Ford defended the company’s strategy under Fields, though he did not endorse his CEO by name as he did last year under similar shareholder questioning. Fields has been under scrutiny this week by Ford’s board, which scheduled extra meeting time to drill him on his plans for reversing the company’s fortunes, according to a person familiar with the discussions.