Corporations: A Ford in Its Future

Many of the autos parked outside the Philadelphia headquarters of Philco Corp. these days are new Fords. Ever since Ford Motor Co. took over Philco 15 months ago, Philco's workers, as new members of the Ford family, have happily taken advantage of Ford's employee discount. Other signs of Ford's presence at Philco are less visible, but far more dramatic. The marriage of Ford's money and management to Philco's scientific knowledge has given once-faltering Philco new strength.

Philco got into trouble when sales of its consumer goods fell off so sharply that they were no longer enough to offset the heavy...

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