Posts Tagged ‘Bill Ford Jr responds’

Ford Execs Fend Off Shareholder Concerns About Emissions, Compensation

Shareholders express thoughts about company, execs at annual meeting.

by on May.10, 2018

Ford CEO Jim Hackett and Chairman Bill Ford told shareholders that they are in favor of leaving CAFE standards where they are.

Ford Motor Co. top officers fended off challenges from environmentalists and stockholders during the company’s annual meeting, but shareholder dissatisfaction was clear once the votes were counted.

Executive Chairman William Clay Ford Jr. said there was a lot of “misunderstanding” about the company’s position on corporate average fuel economy, which the Trump administration has proposed rolling back.

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“We are not asking for a rollback. We want California at the table. We are working for one national standard that includes California,” the chairman insisted in response to a question during the “online” meeting by shareholder, who asked about the company’s lobbying efforts. (more…)