Word: forde
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...with queasy stomachs had no place one afternoon last week on the overpass at the No. 4 gate of Henry Ford's great River Rouge plant." So began TIME's account of the Battle of the Overpass, the confrontation that made May 26, 1937, a red-letter day in labor history and brought to national attention a young United Auto Workers official named Walter P. Reuther...
When Reuther and three other officials arrived at the gate, Ford company police charged at them and delivered a brutal, prolonged beating. Pictures of the battered victims were published across the U.S., a huge p.r. victory that would slowly but surely lead, several years later, to U.A.W. organization at the plant...
...family net worth approaching $25 billion, he left behind a broad and important legacy in American business as well as a corporate monument. Wal-Mart stores is the No. 4 company in the FORTUNE 500, with annual sales of close to $120 billion, ranking behind only General Motors, Ford and Exxon...
...easiest way to grasp the essence of what Sam Walton meant to America is to read his ad slogan emblazoned on all those Wal-Mart trucks you see barreling down highways around the country: WE SELL FOR LESS, ALWAYS. Walton did not invent discount retailing, just as Henry Ford didn't invent the automobile. But just as Ford and his cars revolutionized America and its industrial model, Walton's extraordinary pursuit of discounting revolutionized the country and its service economy. Walton didn't merely alter the way much of America shopped; he changed the philosophy of much of American business...
...days of real industrial titans like Henry Clay Frick, recalcitrant employees could simply be killed, as they were by Frick's actions during the Homestead strike. Or spied on in their homes, as they were by Henry Ford. What good is having power if you can't abuse...