Reading Between the Lines on Rubin

Given that Citigroups’s Robert Rubin has been on the Ford board for six years, today’s resignation can be read a number of ways. He says it is to avoid conflicts of interest as Ford moves forward with its strategic options, but Ford has been in those kind of discussions for … years anyway, so that is hardly news.

The real reason? Either Rubin is highly skeptical of Ford’s future, which is entirely possible, or that it is newly likely a Citigroup-associated consortium is planning to complete with Nasser/Morgan to spin out Ford’s luxury Premiere Automotive Group (Jaguar/Land Rover/Volvo). Both sound more likely than some sterile sense by Rubin that he is newly in a conflicted position at Ford.