It's May. It's Wilmington, Delaware. It must be another Ford shareholder meeting.
But unlike recent meetings, this one will have a decidedly different tone. This year, Ford shareholders will have a little giddy up in their step. And for good reason. In the last year, the Mulally makeover has kicked in gear and revved up Ford's once idling profit engine and stock price.
Compare where Ford is today with a year ago. In May of '09, Ford shares were trading at $4.96 and the company was coming off a first quarter loss of $1.4 Billion.
Sure the company knew it was going to avoid sliding into bankruptcy and it was in far better shape than GM and Chrysler, but there was still an uneasiness among Ford supporters. They questioned if the turnaround starting at Ford would continue.