January 5, 1989 |
Ford Motor Chairman Donald Petersen, faced with a surprising new challenge to his authority from a younger generation of Ford family members, stood his ground Wednesday, suggesting that the time for family control over the management of the world's second-largest auto maker is past.
September 29, 1988 |
A snag in efforts to settle a dispute about a $350-million trust left by auto magnate Henry Ford II has been worked out with the appointment of a guardian to represent his minor grandchildren. Attorneys for Kathleen DuRoss Ford, 48, widow of the Ford Motor Co. heir, at first objected to another attorney's insistence of a guardian, calling it a last-minute stall tactic. But they later agreed Tuesday to the appointment of retired Palm Beach Circuit Judge Robert S.
September 27, 1988 |
A last-minute settlement in a family feud over the $350-million trust left by auto magnate Henry Ford II broke down in court Monday. The hearing before Palm Beach Circuit Judge Vaughn Rudnick pitted Ford's widow, Kathleen DuRoss Ford, against the late auto maker's son, Edsel Ford II, and other family members, as well as trustee William Donaldson.
October 2, 1987 |
This week's death of Henry Ford II should dramatically alter the corporate dynamics under which Ford Chairman Donald E. Petersen operates. Petersen, chairman since 1985, is only the second non-Ford family member to run the world's second-largest auto maker. Now, he will be the first not to have Hank the Deuce--as Henry Ford II was known--looking over his shoulder.
September 30, 1987 |
The last Ford to have run Ford Motor Co. is now dead. Today, the world's second-largest auto company, once passed down the generations like a Ford family heirloom, is in the hands of a cadre of professional managers with no familial or historical ties to the legendary Henry Ford I. Ford Chairman Donald E. Petersen, 60, who succeeded Philip Caldwell as chairman in 1985, is widely hailed as the architect of Ford Motor's recovery in the mid-1980s and is firmly in control.
December 26, 1986 |
Sheriff's deputies in Hendricks County, Ind., thought it was a familiar Christmas story: a young carpenter was unable to find adequate accommodations for his wife and newborn at Christmas. So, the deputies decided it was appropriate to bring gifts, several carloads in fact, to Clayton W. Maupin, his wife, Tamela, and three children, including a 6-week-old girl, Sasha, who were living in a motel room in Plainfield. The other children are Scott, 3, and Brandy, 18 months.
August 3, 1986 |
Contrary to the admonition, you can sometimes tell a book by its (dust) cover. In this case, the publishers have adorned an uneven history of Ford Motor Co. and the willful dynasty that owns much of it with a color photograph of the glitzy 1939 Lincoln Zephyr. Not a workaday Model-T, the Ford automobile that wrought industrial, transportation and social revolutions, but a rich man's plaything, one that sold too few thousand copies to be anything more than an automobile collector's dream.
June 5, 1986 |
A prodigal son of the Ford automobile dynasty who waged a bitter and highly publicized battle with his family in the late 1970s in a failed bid for a seat on Ford's board of directors has finally found a place with the company. On Monday, he started as a management trainee in the parts and service division. Benson Ford Jr., 36, a great-grandson of Henry Ford I and nephew of Henry Ford II, is now working at the company for the first time.