The New Man

Spry old Henry Ford wrote a letter to the board of directors of his company: "I hereby resign the office of president. . . .

May I recommend the appointment of my grandson, Henry Ford II, as my successor." The board, controlled lock, stock & proxies by old Henry, considered the "recommendation," obediently upped Young Henry, 28, from executive vice president to president.

Actually, the change was more in title than in fact. The Master of the Rouge at 82 will still keep his fingers on the controls of his company as an "adviser." He showed no signs of retiring: despite...

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