Best Of FORBES: Mark Fields To Become Ford's CEO, Mayweather's $32M Paycheck

May 1 2014, 4:24pm CDT | by

The big news on Thursday was Ford’s announcement that Mark Fields will replace Alan Mulally as CEO on July 1. Check out the FORBES coverage to see what our writers were saying. 

“For years, people both inside and outside the automaker wondered whether the fast-rising executive, with his Harvard MBA and tailored suits, wasn’t just a slick operator punching his ticket on the way up the management ladder. Now that he has reached the top rung, I have to make another admission: Fields has earned the job” — Joann Muller. Read How Mark Fields Overcame Doubters To Earn The Job As Ford’s Next CEO

“Ford Motor Co. today ended what was getting to be a long-running guessing game about when CEO Alan Mulally would retire, and whether the obvious front-runner for the job, COO Mark Fields, would get the job” — Jim Henry. Read Ford Confirms Mulally Retires As CEO July 1, Names Fields His Successor

“Mulally, Fields and Ford executive chairman Bill Ford Jr. were all smiles at the company’s Dearborn, Michigan headquarters, where the press conference seemed to go according to script, down to the praise and the questions from pre-selected Ford employees” — Micheline Maynard. Read As Ford Changes CEOs, Beware Of Smooth Detroit Transitions

And in other news:

“Your financial goals should, in fact, shift along with your situation to serve your biggest needs. Some of your concerns will be long-term — for instance, saving for retirement takes place across decades — but that doesn’t make shorter goals, such as saving for a down payment on a home, any less challenging. Knowing what financial milestones to hit when will help you ensure that you don’t have to scramble for any of them” — Laura Shin. Read Your Financial Checklist For Every Stage of Life

“If Donald Sterling does indeed sell the Los Angeles Clippers as NBA commissioner Adam Silver is wants, the embattled owner will have the value of his basketball team’s next television contract to thank for as much as $200 million” — Mike Ozanian. Read Los Angeles Clippers’ Next TV Deal Could Add $200 Million To Sterling’s Wallet

Floyd Mayweather is set for another huge payday when he faces Marcos Maidana Saturday night in Las Vegas in the welterweight unification fight. The Nevada State Athletic Commission released contract figures Wednesday showing Mayweather is guaranteed $32 million and Maidana $1.5 million” — Kurt Badenhausen. Read Floyd Mayweather Guaranteed At Least $32 Million For Maidana Fight

“MyFitnessPal, one of the first mobile apps to track food intake, is set to broaden its service to track activity too, marking a direct challenge to the software provided by wearable devices like Fitbit and Jawbone and an attempt to create one of the first, comprehensive windows into a person’s health” — Parmy Olson. Read MyFitnessPal Starts Tracking Steps To Grow The World’s Largest Nutrition Database

“There was a notable omission in Tuesday’s announcement of the Star Wars VII cast. Overlooked in the chest beating of creative involvement in the upcoming sequel was any mention of George Lucas, the creator of the 34-year-old Star Wars franchise. He joins another mogul who is often overlooked when people talk about Star Wars: Alan Ladd Jr.” — Jude Brennan. Read The Man Who Greenlit ‘Star Wars’: The Most Important Movie Mogul You’ve Never Heard Of


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