Word: semons
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...masterminded Ford Motor Co.'s happy successes with the Mustang and the Maverick. So lacocca figured that he was a cinch to take over the president's chair when Arjay Miller stepped down three years ago. But then a gray-haired 55-year-old named Semon E. Knudsen got passed over for his dad's old job as president of General Motors. Henry Ford II snapped up Knudsen for the Ford job and let lacocca wait...
...ahead in business is to become the protege of a big executive, but the trick is to pick the right one. C. Richard Johnston and Lawrence K. Shinoda thought that they had done so last year when they followed their boss, Semon E. ("Bunkie") Knudsen, from General Motors to Ford, where Knudsen had become president. Three weeks ago, Chairman Henry Ford II fired Knudsen, telling him that "things just didn't work out." Last week Johnston, 44, a top salesman whom Knud sen had made marketing manager of the Lincoln-Mercury division, resigned in protest over the dismissal...
...General Motors president find happiness running Ford? For 19 months, Semon E. ("Bunkie") Knudsen thought so. Disappointed at having been passed over for the G.M. presidency once held by his father, William S. Knudsen, he quit G.M. after a 29-year career early last year and jumped at an offer to become president of Ford. But Bunkie Knudsen's take-charge attitude brought no happiness to other Ford executives. Last week, in one of the auto industry's most bizarre episodes, Knudsen and Ford disclosed that he had been fired outright...
...truck manufacturers will produce a record 1,803,000 trucks and Jeeplike vehicles. Understandably, they are delighted about the present - a year of sales in excess of $4 billion-and see an even brighter future ahead. Said Ford President Semon Knudsen at the American Trucking Associations' convention last week: "We expect the total truck market to pass a 2,000,000 annual rate in the early 1970s and to reach...
...Plywood-Champion Papers, for one, has taken to offering them deferred compensation. One of the best at holding onto its executives is General Motors, which is forever shifting them into new jobs. But not even the best can avoid losing an occasional man, as evidenced when Executive Vice President Semon E. ("Bunky") Knudsen, passed over for G.M.'s presidency, quit last winter to become president of Ford Motor...