Word: motoring
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...begun, oddly enough, by Henry Ford I. Although he was an outspoken anti-Semite, the original Ford did hire more Negroes than any other industrialist of his day, and not only for menial jobs. As early as 1919, Whitney Young's father earned $300 a month as a Ford Motor electrical engineer and was one of the best-paid blacks in the U.S. Henry Ford II worked under a black foreman while doing a stint in the engine department between college terms...
...widely debated actions, including aid to community-organizing projects among the poor, despite complaints from some of his company's stockholders that such programs are "revolutionary." The foundation, which owns 24.5% of the company's stock but is a completely independent body, has been an embarrassment to some Ford Motor executives, who say only half-jokingly that one organization or the other ought to change its name. Undeterred, Henry Ford has plunged into other controversies. Last December he renewed a call for mandatory auto inspection in all states, maintaining that it is necessary not only for safety but also...
Detroiters sometimes liken the atmosphere in Ford Motor's executive suite to a Byzantine court. The company now has not one but three presidents: Lee lacocca, Robert Stevenson and Robert Hampson. The rumor mill turns largely on which one seems to be most in the chairman's favor at the moment. Whoever it is certainly does not call Ford "Henry"; no employee dares to. lacocca, a highly aggressive and voluble man, seems to have the lead now. He is one of the few executives who will tell Ford when he thinks the chairman is wrong. Even so, visitors to lacocca...
...twelfth-floor office suite. All major questions, suggestions, ideas and issues are brought to him for approval. He has approved that symbol of corporate blunder, the Edsel, as well as the Mustang and Maverick, two of the bestselling new U.S. cars of recent years. Those cars have given Ford Motor the reputation of being the innovator in the industry. The chairman watches everything. Once an executive recommended that the company spend $20 million on a weekly TV series on the basis of its audience ratings. Said Ford: "That's a sample of 1,100 people. I don't want...
...keeps dossiers on more than 1,000 Ford Motor executives, reaching down through seven layers of management; each dossier lists the man's history, evaluation by superior and estimate of promotion prospects. A calendar shows where each of 36 high executives will be every half-day for the next week. His memory for details and conversations is legendary. Ford Motor officers say that the chairman is forever reminding them if something they say does not tally with what they said three years earlier. Ford himself remarks: "My problem is, I'm told, that I get into too many details...