Word: edsels
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Shock on Shock. In the last two years, the empire has survived the shock of Edsel's death and Old Henry's retirement. There is no reason to suppose that it will not also survive the financial shock of the day when death comes to Old Henry Ford. The inheritance taxes on his 58% holdings of Ford stock would be enormous -if they were paid. But they will probably be minimized in the same way as the taxes on Edsel's 42% interest...
...tight-lipped company, no one would say what had caused the earth quake. But this time the silence was doubly significant. When Young Henry moved into the presidency a fortnight ago, automen watched sharply to see how much power Old Henry would let him have. (In all the years Edsel Ford was president, Old Henry kept tight control in his own hands.) Now they knew. In allowing his old favorite's downfall, Old Henry had made it pikestaff plain that Young Henry is now absolute boss. It looked as if Old Henry Ford, either by choice or necessity...
...would also go right on teaching tall, agreeable Young Henry how to run an empire, a job Old Henry had started two years ago at the death of Edsel Ford. Young Henry has worked hard at his lessons. Now, he may have more of a chance to show what he has learned...
Born. To Josephine Ford Ford, 20, the late Edsel Ford's daughter, only granddaughter of Henry Ford; and Naval Reserve Cadet Walter Buhl Ford II, 23, Detroit-born '42 Yaleman (no kin): a son, Walter Buhl III, Henry Ford's second great-grandchild; in Detroit's Henry Ford Hospital. Weight...
Project Two. Last week Henry Ford was busy on another long-range project, one perhaps even more important. He was grooming his tall, handsome grandson, Henry Ford II, 26, to fill his own quick-moving shoes-some day. When Edsel Ford died, Henry II was rounding out his second year in the Navy as a lieutenant. Mindful of the some $4,000,000,000 in war contracts held by the Ford Co.-and of the 80 years of its president-the Navy released Henry II from active duty so he could resume his job of learning...