Word: forded
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Dates: during 1950-1959
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Somehow the emotion spread to people elsewhere who care about music. Local newspapers were disappointed that Queen Elizabeth, Greta Garbo and Aly Khan were not on hand, but they took comfort from the presence of Secretary of State Dulles, Composer Dmitry Shostakovich, Conductor Bruno Walter, .Industrialists Henry Ford II and Harvey S. Firestone Jr. Above all. the city which can name no less than 28 houses in which Beethoven lived, gloried in the opening-night work: Fidelio, Beethoven's only opera, which had had its premiere exactly 150 years before-in occupied Vienna (at that time the occupying armies...
Since 1919. when Henry Ford bought out his minority stockholders, Ford Motor Co. has been steered only by Ford and his family. This week, Ford Foundation trustees announced that the Ford family will give up sole control of the company, turning the last family-managed industrial colossus in the U.S. into a public corporation. Early next year, when the Foundation puts on sale the first blocks of stock (nearly 7,000,000 voting shares), the family will yield 60% of the voting rights in Ford management to investors...
...Ford Foundation, the independent philanthropic giant created by the Ford family, has long been anxious to sell at least 15% of its immense Ford stock holdings to diversify its investments. When the Government last week decided that the Foundation, as a tax-exempt organization, would not have to pay a 26% capital-gains tax on the sale, one of the last barriers to the stock sale was removed. However, the Foundation's 3,089,908 Ford shares (88% of all Ford stock) do not include voting shares, which are owned exclusively by the Ford family. Foundation trustees thought that...
...Ford's surviving heirs and members of their families...
Apart from the Foundation, the only other present Ford stockholders are 1) the family, which owns all the 172,645 Class B voting shares, plus 190,347 Class A non-voting shares, and 2) 108 key Ford executives, who own 42,140 non-voting A shares...