On his ranch in Pasadena, Calif.where he has lived off & on since 1911Paul Hoffman spent a weekend mulling over a big problem. The trustees of the $500 million Ford Foundation, of which he was president, had decided that foundation headquarters should be moved from Pasadena to Manhattan, to be closer to the center of most foundation enterprises.
Hoffman agreed in principle. But, at 61, he was reluctant to tie himself to a full-time job away from his wife, family and grandchildren. One morning last week, Hoffman telephoned Henry Ford II in Detroit, and resigned.
As Hoffman's interim successor, the Ford...
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