colinneagle writes: Speculation is growing that Ford CEO Alan Mulally is not just in the running for the CEO position at Microsoft, but has become the frontrunner among all candidates, both internal and external. One reason, which I did note in my recent blog post on him, is that Mulally was a top executive at Boeing for years and has connections to the Seattle area. Earlier this month, Reuters reported earlier this month that the Ford board had given Mulally the option to step down earlier from his position than is specified in his contract (there was speculation that he might take a position in the Obama administration). Nokia CEO and former Microsoft executive Stephen Elop has remained a top candidate, but interest has shifted toward Mulally because of his experience turning around a faltering company. No one can say Elop turned around Nokia.