Word: forde
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Dates: during 1990-1999
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There were other hopeful signs: Factory orders rose 1.6%, the third jump in as many months. Similarly, the government's index of leading economic indicators was up for the third month in a row. Two surprising reports came from Detroit, where General Motors and Ford turned in their first profits in more than a year, though many analysts had expected the automakers to notch up another round of losses. Ford, which last posted a profit in the third quarter of 1990, reported a first-quarter profit of $338 million, buoyed by sales of cars and trucks at home...
...Much of the change in industrial culture -- a rejection of inherited British class-based divisions between managers and workers -- is driven by the great economic power shift of the late 20th century: the rise of Asia. In the 1980s the bosses of Ford in Detroit acknowledged that the Japanese were better at making cars than they were -- and proceeded to remake their company, in part by using Japanese methods. The new forms of organization at Cummaudo's Ford Australia are the result...
...state. But in January Governor Pete Wilson suspended the $16 million-dollar advertising campaign, citing a need for funds for other health projects. Last week a California state judge ordered Wilson to restore the campaign, saying that Proposition 99 "was not discretionary." Said Superior Court Judge James Ford: "Why don't they take the money out of something that hasn't demonstrated its effectiveness...
...company makes about $800,000 a year, most heads of major U.S. companies make $1 million to $4 million a year. This disparity was embarrassingly highlighted earlier this year when the Big Three auto chiefs accompanied President Bush on an ill-fated trade mission to Japan. Although General Motors', Ford's and Chrysler's combined losses totaled $7.5 billion last year, their top executives were together paid $5.3 million. Their counterparts at Toyota, Nissan and Honda collectively made $1.8 million...
Some companies slashed pay unilaterally. Ford CEO Harold Poling, for example, took a 6.6% pay cut last year, while Avon boss James Preston froze his salary at $610,000 and lowered his bonus 23%. IBM chairman John Akers took a 40% cut, reducing his compensation by $1.1 million, to $1.6 million. Others are revamping their pay structure. AT&T junked its stock-option plan in favor of an incentive package based on staggered performance targets...