Rubin Takes Over Citibank
For those of you who do not remember, this is one of the guys that secured Ford's loan and used to sit on the Ford board, along with Ken Leet, for their factories and IP and whatnot.
If you think this is coincidence with the UAW tentative contract, you haven't been paying attention.
Here comes the drastic resizing that Ford desperately needs, couple this with Alan Mulally's hiring, Bill Ford's stepping out of the way, Anne, Jim, and Cisco out of their positions, Kuzak installed in his, the Ford family's refusal to sell shares or give up Class B status, and now the final two pieces, the UAW contract and Rubin in at Citibank.
Think Chrysler's measly 1/3 of headcount is rough? Here comes the big one folks, 1/2 to 3/5 the people being gone. You heard it here first.
I've said it before and I'll say it again, Ford needs 3 plants in NA to stay alive:
1. Oakville, Ontario
2. Ford Rouge Plant, Dearborn, MI
3. Hermosillo, Mexico
Everything else at this point is extraneous and expendable. Everything.
It's all coming together, either this or Chapter 11...