Word: forde
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Dates: during 1940-1949
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...Curtiss-Wright Corp., which has had its share of top echelon troubles during the past year, last week got a new president: Roy T. Hurley, director of manufacturing engineering at the Ford Motor Co. He was handpicked by Wall Street Investment Banker Paul V. Shields, who took over as Curtiss-Wright's chairman and chief executive officer last April. Shields wanted a man who could cut costs at Curtiss-Wright and lift its sales volume to a profitable level with an additional line of non-aviation products...
...since he got a job as engine inspector for the Army's air service during World War I. Later he formed his own sparkplug concern, then moved in as vice president in charge of manufacturing of the Bendix Aviation Corp., where he remained for 13 years before joining Ford...
...Bronx, Tri-Boro Motors Inc. offered an allowance of $500 "on any truck that will run, creep or crawl into our lot," or $300 on any horse, mule or goat traded in on the purchase of a new Ford truck...
...long considered it something of a sideline. His big business has been selling cars. A crack salesman at 26, when he made $13,000 a year, he borrowed $20,000 from his boss and teamed up with a hard-headed engineer, Horace H. Hull, to form a Memphis Ford agency...
...cutting costs to the bone and cutting employees in on profits, Dobbs and Hull made their Ford agency the world's largest (they branched out to eight other cities) and made themselves millionaires. Says Dobbs: "It's all profit sharing. The more your employees make, the more you make yourself." Each month, as soon as enough cash had been taken in to cover overhead, Dobbs told his salesmen to cut profits to $1 a car, if necessary to get sales, because the $1 was all profit...