RichardJensen Posted April 28, 2008 Share Posted April 28, 2008 Let's talk about how Kerkorian is going to leverage his 5% holdings into the 80% needed to achieve 50% control of Ford! Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted April 28, 2008 Author Share Posted April 28, 2008 BTW, I started two threads because I'm about to close the 2 threads the man who ate too many habaneros started. Quote Link to comment Share on other sites More sharing options...
Mark B. Morrow Posted April 28, 2008 Share Posted April 28, 2008 I am a big fan of Mr. Mulally & Company, but Ford shareholders are tired of Ford's family control of Ford Motor through its special stock; they own just around 5% of Ford shares but control it with 40% voting ability. Its shareholders have repeatedly asked Ford Management to relinquish that super vote ability. Now it may the chance to do it with tracinda and the pissed Off shareholders. I have been a Ford shareholder for over 30 years. I got Ford Stock as birthday gifts from my grandmother. I'm not tired of Ford Family control. Frankly, it is reassuring that control rests with a group who has some skin in the game. It forces th company to consider the long view. The wealth of the Ford family is tied to the company. That can't be said of GM or Chrysler. Kirkorian wasn't successful with either of those companies. He won't succeed in doing much damage at Ford. I believe Kerkorian knows that he has no chance of a takeover. The stock is cheap and the future looks brighter than it has in years. If the stock moves a couple of bucks Kerkorian will make millions. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted April 28, 2008 Share Posted April 28, 2008 Perfect Karma: Ford cancels a certain Canadian car causing a plumit in Ford stock to $5.00/share. Now, where did I leave my alfoil hat..... (Joking by the way.) Quote Link to comment Share on other sites More sharing options...
J-150 Posted April 28, 2008 Share Posted April 28, 2008 Perfect Karma: Ford cancels a certain Canadian car causing a plumit in Ford stock to $5.00/share.Now, where did I leave my alfoil hat..... (Joking by the way.) hey now. no talking about the Quote Link to comment Share on other sites More sharing options...
jpd80 Posted April 28, 2008 Share Posted April 28, 2008 (edited) So what are Kerkorian's motives, if everyone knows he is in for pump and dump doesn't that ruin his plan? Also, why is it journalists think there is a hatred of Ford's B Stock? I can't find any reference to ill feeling by stockholders to the Ford family who actually refer most financial decisions to the board and guidance from CEO Mulally - as it should be. Edited April 28, 2008 by jpd80 Quote Link to comment Share on other sites More sharing options...
Joe771476 Posted April 28, 2008 Share Posted April 28, 2008 He's looking for control. I hope the Ford family sees through it! I can't believe they only own 5 percent of the shares. Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted April 28, 2008 Author Share Posted April 28, 2008 5% of outstanding shares with 40% of the votes. Quote Link to comment Share on other sites More sharing options...
RichardJensen Posted April 28, 2008 Author Share Posted April 28, 2008 There are no published reports on how much Class A (general) stock the Ford family's individual members may hold apart from the Class B shares which are held in a trust and only voted en bloc. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted April 28, 2008 Share Posted April 28, 2008 (edited) Kerkorian isn't the problem, I think Bears Stern is when they say investors should take short term gains now. I'm a bit concerned that a highly respectable company can say we need to view share price separately to the business revovery efforts of Ford. It seems a real disconnect to me. The way people go on shows their lack of knowledge of how Ford stocks eveoved, I found this on the Ford website: Stock Splits (from Ford Motor Company) Ford Motor Company was founded by Henry Ford and incorporated in Michigan on June 16, 1903. The corporation's common stock was entirely owned by Henry Ford and a small group of local investors. In 1919, Henry Ford bought out all of these investors and reincorporated the company in the State of Delaware. From 1919 to 1956, all stock in the company was owned by members of the Ford Family, the Edison Institute, and the Ford Foundation. Ford Motor Company Landmark Moments: A Shareholder Perspective First offered to the public on January 18, 1956, when the Ford Foundation began to sell its stock in the company. The price was $64.50 per share. The stock first traded on the New York Stock Exchange on March 7, 1956. The stock "split" six times since it was issued. The splits and their payment dates, which appear on the actual certificates, were May 31, 1962: 2 for 1 May 24, 1977: 5 for 4 December 1, 1983: 3 for 2 June 2, 1986: 3 for 2 January 12, 1988: 2 for 1 July 5, 1994: 2 for 1 "Old" Ford Motor Company common stock was replaced by "new" Ford common stock, based on the Value Enhancement Plan recapitalization of the company which occurred on August 2, 2000. Shareholders, electing to receive ALL "new" stock in exchange for their "old" stock, received 1.748175 shares of "new" stock in exchange for each share of their "old" stock. Shareholders electing to receive the PRO RATA election of "new" stock in exchange for their "old" stock received 1.554593 shares of "new" stock in exchange for each share of their "old" stock. Edited April 28, 2008 by jpd80 Quote Link to comment Share on other sites More sharing options...
Edstock Posted April 28, 2008 Share Posted April 28, 2008 BTW, I started two threads because I'm about to close the 2 threads the man who ate too many habaneros started. Thank-you. The purblind can be trying. Ford just got the CAW to sign for 3 years, so Oakville's product is assured. :happy feet: http://www.thestar.com/Business/article/419207 Quote Link to comment Share on other sites More sharing options...
Roadrunner Posted April 28, 2008 Share Posted April 28, 2008 (edited) Re: salsakingcpa's original post Edited April 28, 2008 by Roadrunner Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted April 28, 2008 Share Posted April 28, 2008 The guy owns and drives a Ford Taurus so he a cool guy and was also a RAF pilot and a boxer. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted April 28, 2008 Share Posted April 28, 2008 Thank-you. The purblind can be trying. Ford just got the CAW to sign for 3 years, so Oakville's product is assured. :happy feet: http://www.thestar.com/Business/article/419207 Hey, Hey! Excellent news!!! Did Ford and the CAW just slam dunk GM and Chrysler? Quote Link to comment Share on other sites More sharing options...
Edstock Posted April 29, 2008 Share Posted April 29, 2008 The CAW will take ``one more shot'' at saving the St. Thomas plant, Hargrove said. The union had sought to keep the factory, which builds Crown Victoria, Grand Marquis and Town Car large sedans, open until 2014. http://www.bloomberg.com/apps/news?pid=206...&refer=news Quote Link to comment Share on other sites More sharing options...
P71_CrownVic Posted April 29, 2008 Share Posted April 29, 2008 BTW, I started two threads because I'm about to close the 2 threads the man who ate too many habaneros started. Thats smart and mature... Quote Link to comment Share on other sites More sharing options...
Extreme4x4 Posted April 29, 2008 Share Posted April 29, 2008 More so than you are most of the time. Quote Link to comment Share on other sites More sharing options...
jpd80 Posted April 29, 2008 Share Posted April 29, 2008 http://www.bloomberg.com/apps/news?pid=206...&refer=news I take it St Thomas is now safe until 2011, does another three years mean significant upgrades to existing products? Quote Link to comment Share on other sites More sharing options...
Mark B. Morrow Posted April 29, 2008 Share Posted April 29, 2008 The guy owns and drives a Ford Taurus so he a cool guy and was also a RAF pilot and a boxer. I hope it's a new Taurus. Maybe they will give him a deal on one when he bumps his stake up to 5%. Quote Link to comment Share on other sites More sharing options...
rmc523 Posted April 29, 2008 Share Posted April 29, 2008 I take it St Thomas is now safe until 2011, does another three years mean significant upgrades to existing products? Good one! Seriously though, I'm not sure....I kinda doubt it, but who knows? Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted April 29, 2008 Share Posted April 29, 2008 I hope it's a new Taurus. Maybe they will give him a deal on one when he bumps his stake up to 5%. LOL, They should get him to do the first Taurus TV commercial, "Taurus the cars billionaires have always promised themselves" Quote Link to comment Share on other sites More sharing options...
J-150 Posted April 29, 2008 Share Posted April 29, 2008 I take it St Thomas is now safe until 2011, does another three years mean significant upgrades to existing products? the exisitng product is pretty much fleet only these days. I would assume not. Quote Link to comment Share on other sites More sharing options...
J-150 Posted April 29, 2008 Share Posted April 29, 2008 LOL, They should get him to do the first Taurus TV commercial, "Taurus the cars billionaires have always promised themselves" does make you wonder what the execs will drive to works these days with JLR gone. They can't all drive Volvos and certainly won't all drive Town Cars. Quote Link to comment Share on other sites More sharing options...
Ford Jellymoulds Posted April 29, 2008 Share Posted April 29, 2008 does make you wonder what the execs will drive to works these days with JLR gone. They can't all drive Volvos and certainly won't all drive Town Cars. Warren Buffets the same, he owns an old Lincoln Town Car and won't change it he loves it to bits (Sorry guys for adding a Panther again to a thread). It just seems some billonaires are a bit careful when it comes to money that's how they make a fortune l suppose. Even the UK government have kicked Jaguar in the teeth by dumping Jags for the shitty Prius, l hope they kicked out. http://www.birminghammail.net/news/top-sto...97319-20650084/ Kirk and Alan Mulally should be marriage made in heaven as they are both big fans of the Taurus. Quote Link to comment Share on other sites More sharing options...
OAC_Sparky Posted April 29, 2008 Share Posted April 29, 2008 The CAW hasn't signed anything, it is a "tentative" agreement which the membership hasn't seen yet let alone ratified. And there's a fair chance it won't pass, the informal poll on the floor based on limited info leaked to the media has the vote split. Quote Link to comment Share on other sites More sharing options...
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