Hyperdrive
Ford CEO’s ‘Thoughtful’ Approach Fails to Win Over Wall Street
- Analysts say Hackett moving too slowly to heal company’s ills
- Redesigned Explorer, VW tie-up didn’t reverse sinking shares
This article is for subscribers only.
After leading Ford Motor Co. for 20 months, Chief Executive Officer Jim Hackett is still struggling to win over Wall Street.
Shares are down 22 percent during his tenure, and even big moves like an exit from the sedan market in America and a deal to align with Volkswagen AG to develop future models hasn’t reversed the slide. Ironically, the Street criticizes Hackett for the same failing as his ousted predecessor Mark Fields: moving too slowly to fix Ford’s shortcomings.