People, Jun. 4, 1979

This spring honors have cascaded on Philip Caldwell, 59.

Climaxing a 26-year Ford Motor Co. career, he was formally named chief executive. In the fall, when Henry Ford II steps down and Caldwell takes over, he will be the first non-Ford in 73 years to run the world's second largest automaking company. Boston University recognized this last week by making Harvard business school Graduate Caldwell an honorary doctor of laws. The citation sounded more like a Ford brochure: lauding Caldwell as an eloquent spokesman for the free enterprise system, it also stressed his success...

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