BILL FORD STEPS DOWN AS HEAD OF HIS GREAT-GRANDFATHER'S COMPANY
Bill Ford, great-grandson of Henry Ford, is stepping down as chief executive of Ford Motor Co. after struggling for five years to keep the tottering auto giant on its feet.
Ref. https://www.cbc.ca/story/money/national/2006/09/05/ford.html
Every great company has its day, and one day they will not be the best in the world. Ford is reaching that point, not a point of non-existence, but a point in which they will not be the best in the world. I think allot of it has to do with the fact that they US economy has been in a slump or lul for a while now. Its no surprise that the deficit is way out of control and that there is a high unemployment rate. A suffering economy eventually effects even the biggest companies and Ford is no different.