LYCOS RETRIEVER
Henry Ford: Henry Ford Ii
built 214 days ago
Henry Ford II was a member of the board of Ford Motor Company and chairman of the Finance Committee until his death on Sept. 29, 1987. He had been active since 1940 in the worldwide corporation founded by his grandfather in 1903. He resigned as chief executive officer on Oct. 1, 1979, as chairman of the board March 13, 1980, and as an officer and employee Oct. 1, 1982.
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Henry Ford II immediately adopted an aggressive management style. One of his first acts as company president was to fire Harry Bennett, head of the Ford Service Department, who had originally been hired by Henry Ford to stifle attempts at unionization. Next, acknowledging his inexperience, he hired several seasoned executives to support him. He hired former General Motors executives Ernest Breech and Lewis Crusoe away from the Bendix Corporation. Breech was to serve in the coming years as HF2's business mentor, and the Breech–Crusoe team would form the core of Ford's business expertise, offering much-needed experience.
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Henry Ford II was born. He became president of the company right after his dad in 1945. Unlike his father, Henry the II went to college at Yale University. Henry the II retired between 1979-1980.
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Henry Ford II was born in Detroit, Michigan on September 4, 1917, the grandson of the automobile pioneer Henry Ford. After graduation from the Hotchkiss School in Lakeville, Connecticut, in 1936, Henry entered Yale University, where he specialized in sociology, a study that evidently influenced him a great deal. He lacked sufficient credits to graduate but left college anyway in 1940 to marry and begin work at the family firm, the Ford Motor Company.
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When William Clay Ford, Jr. (great-grandson of Henry Ford) was named CEO at the beginning of the Company's second century, he was the first family member to hold the position in more than 20 years. Like his uncle, Henry Ford II, William Clay Ford, Jr. led a company where "family" has a much broader meaning, referring to far more than just those with the last name "Ford." Today, Ford Motor Company's CEO Alan Mulally leads the Ford family of employees, dealers, suppliers, shareholders, customers, and more—all those that help fulfil the Ford vision: to create great products that benefit customers, shareholders, and society.
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When his father Edsel, the president of Ford, died of cancer in May 1943 (during World War II), Henry Ford II was serving in the navy, and was ... unable to take over the presidency of the family-owned business. The elderly and ailing Henry Ford, company founder, decided to assume the presidency. By this point in his life, he was mentally inconsistent, suspicious, and generally no longer fit for such a job; most of the directors did not want to see him as president. But for the past 20 years, although he had long been without any official executive title, he had always had de facto control over the company; the board and the management had never seriously defied him, and this moment was not different. The directors elected him,[1] and he served until the end of the war. During this period the company began to decline, losing over $10 million a month.
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