Milestones, Nov. 1, 1976

Died. Eleanor Clay Ford, 80, one of the world's richest women (estimated fortune: between $100 million and $200 million); widow of Edsel Ford and mother of Henry Ford II; in Detroit. After her husband's death in 1943, Mrs. Ford forced her father-in-law, Ford Motor Co. Founder Henry Ford, to appoint her eldest son (then only 28) as the firm's new president. At the time, she controlled 54% of the company's voting stock and threatened to sell her shares on the open market if young Henry did not get the job. Strong-willed in private but self-effacing in public, she quietly gave millions...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!