Author Topic: Ford's CEO "Professor Moon Beam" Isn't Going Anywhere Says Ford's CEO  (Read 517 times)

Palumboism

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Ford CEO Jim Hackett Not Going Anywhere, Says Ford CEO Jim Hackett
By Steph Willems on

A rocky past year hasn’t dislodged Jim Hackett from his lofty perch in the Glass House, nor does the CEO feel he’s destined for the door.

Why does Hackett feel so confident? Friendship.

Specifically, friendship with the one person who really matters: Chairman Bill Ford.


https://www.thetruthaboutcars.com/2020/02/ford-ceo-jim-hackett-not-going-anywhere-says-ford-ceo-jim-hackett/




When Hackett took over Ford the stock was $11 a share and now it's at $7.23. 



Palumboism

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Re: Ford's CEO "Professor Moon Beam" Isn't Going Anywhere Says Ford's CEO
« Reply #1 on: February 25, 2020, 04:40:00 PM »
HE’S A REAL NOWHERE MAN, SITTING IN HIS NOWHERE LAND, MAKING ALL HIS NOWHERE PLANS FOR NOBODY: FORD’S “PROFESSOR MOONBEAM” PUSHES THE COMPANY TO THE BRINK.

By Peter M. DeLorenzo

Hackett is an addled professor-type who speaks in quirky catchphrases, or single-spaced two-page memos, or even worse, by handing out books so that the minions can become as educated about things as their CEO.

One salient quote from Howard’s piece says a lot: “Jim is not from this world and does not listen,” a senior-level executive who has worked in and around Ford for decades told the Free Press. "He just does not listen. He’s more on transmit mode. He doesn’t take time to understand where people are coming from. Why things are the way they are. Whether it’s reasons we have plants where they are, reasons we do certain things in manufacturing.”

In case you forgot, Hackett’s claim to fame is that he was the touchy-feely CEO of Steelcase furniture, a Silicon Valley/Mobility devotee, acting Athletic Director for the University of Michigan and a longtime friend of Bill Ford Jr. Seems logical to hand him the reins of the Ford Motor Company, right?

And here’s another quote from the Freep: “Instead of simply making the point that hiring too quickly is bad business, Hackett distributed a book, “Scale: The Universal Laws of Growth, Innovation, Sustainability, and the Pace of Life, in Organisms, Cities, Economies, and Companies," by theoretical physicist Geoffrey West, who has been called the dean of complexity science. This is the sort of thing that makes earthlings at Ford crazy.”

Can you imagine? Not only are you, as a Ford minion, too unhip to understand things, you’re given a book by the CEO so that you can get your mind right, because clearly your experience having worked in and around Ford and the automobile business for your entire career counts for absolutely nothing. And now, Professor Moonbeam will show you the way to the Light of Enlightenment. Gee, thanks.

No wonder legions of senior Ford executives are bristling under Hackett, whom I am now officially dubbing “Professor Moonbeam.” Hackett insists he is a conductor who has been brought in to push people, but to where is a legitimate question. Is it for the overall “fitness” of the company, his favorite trope? Because if it is, he has failed miserably. In a business that sustains itself on speed and accuracy, Hackett is insisting people have to get their minds right before approaching a problem. But high-level navel-gazing is a fool’s errand in this business, and to the extent that Hackett is insisting on it so that Ford can fly “the right way” is effectively killing the company.

http://www.autoextremist.com/current/2019/2/23/hes-a-real-nowhere-man-sitting-in-his-nowhere-land-making-al.html