Word: edsel
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Dates: during 1930-1939
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...Ford Motor Co. has long had only three directors, Father Henry Ford (see p. 50), Son Edsel Ford, Vice President P. E. Martin. Last week it announced the election of a fourth: Grandson Henry Ford II, guitar-playing son of President Edsel Ford who is to be graduated next year from Yale...
...giant of the industry $8 a ton above its lowest competitor, but it asserted its intention of meeting each cut till its small bedevilers reformed or bled to death. Price cuts that bring increased orders are good business according to the philosophy which Henry Ford made famous and Edsel Ford now practices. But in spite of last week's cuts, steel production fell this week to 45.4% (last week 47%, fortnight ago 49%). Unless more business follows soon, steel's price cuts will raise questions: How far can steel prices tumble without steel managements opening fire on wages...
...group insurance plan for its employes. Though balding, 37-year-old R. T. Johnstone is one of the nation's largest producers of group insurance, Henry Ford always refused on the ground that group insurance was too paternalistic. Last week, however, Broker Johnstone talked again to Edsel Ford, finally closed a deal for a $150,000,000 plan covering more than 100,000 Ford workers. Said a Ford official: "The men wanted...
...Alfred P. Sloan, No. 1 in 1936 with $561,311, dropped to $183,708. (His company sold 4% more cars in 1937 than in 1936.) G. M.'s President William S. Knudsen dropped from $459,878 to $247,210. Ford Motor Co. paid Chairman Henry Ford nothing, President Edsel Ford $146,056, Vice President Peter Martin $171,465, Superintendent Charles E. Sorensen $166,071. Nash-Kelvinator Corp. paid its President George Walter Mason $233,957; Chrysler Corp.'s Chairman Walter P. Chrysler drew...
...women, sporting a wool-like suit and sweater made of skim milk, brought 70 dresses synthesized from milk, wood, reeds, to be shown at the Fair's Italian Pavilion. Attending the dedication of the "Roadway of Tomorrow" at the Ford Motor Co. building were Henry Ford, 75, Son Edsel Bryant Ford, 45, and Grandson Henry Ford II, 22, a Yale junior. Keynoted Ford I: "Great things are ahead...