Tim Carney latest column in the Washington Examiner points out that one of Alan Mulally’s greatest accomplishments at Boeing seems to have been squeezing a great deal of money from the marble pillars of our nation’s capital. Is this how Mulally will solve Ford’s troubles—through political entrepreneurship rather than effective business strategies?
Alan Mulally comes to Ford from Boeing, where he was CEO of the commercial aircraft division. The 61-year-old executive enters an ailing company that drastically needs a turnaround. The choice seems a bit odd on some scores. Mulally made and sold aircraft in an industry with exactly two participants — Boeing and Airbus — and in which he was selling to airlines, not consumers. A different skill set would seem to be in order for running a carmaker.
In his favor, Mulally presided over two key turnarounds at Boeing. A closer look at those turnarounds — and at Boeing’s modus operandi — raises suspicions that Ford might soon become another beggar at the federal trough of handouts.
Is Ford the new Boeing? [Washington Examiner]
[Note: Tim Carney, author of The Big Ripoff: How Big Business and Big Government Steal Your Money, is the brother of DealBreaker's John Carney.]