Word: malcomson
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Dates: during 1930-1930
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...Malcomson & Ford...
...Ford Motor Co. and have yet to find one that is correct in all its details. Up to date, I've been merely amused at some of the statements and have not thought it worth my while to challenge them. However, when I read, "In 1903 Malcomson helped Henry Ford start his motor company but, ashamed of the venture, invested under Couzens' name," I'm annoyed at the stupidity of such a statement...
Nothing could be farther from the truth. Briefly, Mr. Malcomson was very proud of his part in the organization of the Ford Motor Co. He never took out any stock under Mr. Couzens' name. Mr. Ford and Mr. Malcomson each owned half of 51% of the stock, and Mr. Malcomson's 25½% was always entirely in his own name...
...Malcomson's reason for selling his stock to Ford was simply that the two gentlemen could not agree as to the policies of the company, particularly as to the type car they should build...
...Couzens, with a very small stock ownership which was his own, and not Mr. Malcomson's (except that I believe Mr. Malcomson may have given him a few thousand dollars' worth of stock as a gift) was given an executive position in the Ford Motor Co. simply because he was a splendid business executive, and for no other reason...