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While G.M. is burning through $1 billion in cash each month and could exhaust its reserves by next year, Ford has somewhat more time to execute its turnaround plans.
"As BlackBerry continues to execute its turnaround plan, we remain focused on driving efficiencies across our global workforce.
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On Monday, the bank was effectively put on probation by its regulator, the Office of Thrift Supervision, as it executes its turnaround plans.
"Xerox can now continue to focus on effectively executing its turnaround strategy".
Mr. Mulally's bonus was down from $9.5 million a year earlier, but his pay has been a sore subject for Ford's unionized employees, which agreed to concessions as the company was losing billions of dollars and he executed its turnaround plan.
Analyst Richard Hunter, head of equities at Hargreaves Lansdown, said: "There is no doubting the immensity of the task RBS has faced in executing its turnaround plan, nor indeed the progress made so far".
Mark Truby, Ford's director of global and corporate communications, said the company's focus remains on executing its turnaround plan, under which Ford sold luxury brands Jaguar and Land Rover to India's Tata Motors and shifted from gas-guzzlers to smaller, energy efficient cars (see "Kerkorian Standing Stronger Behind Ford").
Geithner has reportedly defended Citigroup's managers and cautioned that the company should be given more time to execute its current turnaround plan.
It knows how to execute its ideas.
Today during its earnings call, a sober HP discussed recent progress in executing its five-year turnaround plan that remains in its early stages.
It executes its political enemies at will.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com