Story has been updated with Ford's early afternoon share price
DETROIT (TheStreet) -- Mr. Sterling, it is time for you to step aside, time for America to move on to a better story -- the Ford (F) story.
In the Los Angeles Clippers story, we have a stomach-turning tale of a divorce attorney who kicked poor people out of their apartments, made racist remarks and chased ill-chosen young women.
As for Ford, we have an inspiring story about a charming executive who seems to like everyone he meets. He took over one of the world's most famous companies, at a time when it was broken, and he fixed it. Alan Mulally restored Ford as a symbol of excellence around the world.
By now, we have all heard enough about Sterling. Today is a day to focus on somebody who acts well and who did something important in life, something that makes people feel good, not disgusted. Ford, after all, is a symbol of America. Its success is our success.
On Thursday, Mulally announced his retirement date at an inspiring ceremony. Also on Thursday, The New York Daily News reported that Sterling will sue the NBA if the other 29 owners force him to sell the Clippers.
One of the points made repeatedly at the Ford ceremony was that Mulally knows when to go -- one more rule of good conduct that has apparently eluded Sterling.
"Alan's a Hall of Fame CEO, we all know that," Ford Chairman Bill Ford said at the ceremony. "Most Hall of Fame CEOs have a tough time letting go. They go kicking and screaming. Then what happens, of course, is chaos ensues and there is not a smooth transition.
"Alan's last act is his finest act, by giving us this opportunity to have an amazing transition," Bill Ford said. By the way, there is no intent here to imply that Sterling is a Hall of Fame CEO, although he did pay $15 million for an asset now worth $600 million. That's not due to him, but he hasn't done everything wrong. At least once in his life, he got lucky.
It was not luck that made Mulally great. Not to blubber, but the story of what Mulally did at Ford cannot fail to inspire. Thursday's ceremony also showed the key roles of two other Ford executives: Bill Ford, who made the decision to pursue the long-time Boeing (BA) executive, and then saw it through, and Mark Fields, whom Mulally took under his wing.
"Thank you for leaving us this gift of a transformed Ford," Fields told Mulally. "You showed us a culture of transparency, a culture of positive leadership and also what working together can accomplish."