Word: hf
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...with its big military orders, gave the company a breather. But at war's end, after the death of Edsel Ford and with the rapid aging of Old Henry, the tough job of saving the company was handed to young Henry (who signs his office memos HF...
...HF II soon showed that he could act with the decision of his grandfather. One of his first acts was to fire Harry Bennett, who was virtually running the company, and who was a symbol of union-busting to the U.A.W.-C.I.O. After that, there was no question of who was the new boss of the empire...
...Solutions. Together, Breech and HF II performed radical surgery. They shucked off all Old Henry Ford's peripheral enterprises, such as his Brazilian rubber plantations, his money-losing deal to make Harry Ferguson's tractors,* his experimental farms. They had another big problem: the inheritance taxes on the $208 million estates of Henry and Edsel. Luckily, Old Henry himself left $28 million in cash, and the family got the rest by loans from the company and sales of property. They kept control in the family by keeping the 172,645 shares of voting stock (now held in equal...
...when Billy got the job of designing it, he was on his own. HF II gave him only one man and said, "Bill, it's your problem." By luring away designers from other departments and hiring them from outside, Billy put together a null special projects department, designed an experimental model, and for a while carefully kept it hidden, even from his brothers. When he showed it off, he got a shock. Brother Ben's designers had been secretly working on a 1956 Lincoln. Says Ernie Breech: "It practically floored Billy, for Ben's looked better than...
...cars and trucks last year, is well behind G.M.'s total production of 2,234,-397). But when the time of production equality comes-and buyers get more choosy-the Ford brothers think they will wrest back the title they lost to Chewy 18 years ago. Said HF II earnestly: "As soon as we can outproduce them, we'll outsell them...