Amid Layoffs, Ford Replaces CEO03:46

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After announcing last week that it will lay off 10 percent of its salaried employees, Ford announced Monday that Jim Hackett will take over from Mark Fields as CEO.

Here & Now's Jeremy Hobson speaks with CBS News' Jill Schlesinger (@jillonmoney), host of "Jill on Money" and the podcast "Better Off," about what Ford is trying to accomplish with the leadership change.

This segment aired on May 22, 2017.


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