Ever since last February, when Henry Ford II landed G.M.'s Semon E. Knudsen as his company's new president, Detroit has fairly rumbled with rumors of other changes at Ford. Few were surprised last month when ex-President Arjay Miller, who had been moved sidewise to make way for Knudsen, announced plans to move west to head Stanford University's Graduate School of Business. Now a second exit has caught the motor city off guard. Last week Ford announced the resignation of one of the industry's brightest executives: Donald N. Frey, 45, a prime mover of one of history's most successful cars, the...
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