Ford (NYSE:F) CEO Alan Mulally has a color-coded management system that he implemented while he was CEO of Boeing (NYSE:BA). Ford Chief Operating Officer Mark Fields is generally regarded as the likely successor to Mulally. In this installment of "The Motley Fool Money Radio Show," Detroit News journalist Bryce Hoffman, author of "American Icon: Alan Mulally and the Fight to Save Ford Motor Company," explains why seeing red is the key to these two executives' success.
Chris Hill has no position in any stocks mentioned. The Motley Fool recommends Ford. The Motley Fool owns shares of Ford. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.