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Old 09-03-2019, 08:48 PM   #27
Joe K
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Join Date: Jul 2010
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Default Re: Henry Fords Pay Scale

The Wikipedia entry I referenced earlier passes quickly over Harry Bennetts rise to "replace Henry Ford" - which almost happened - and his fall.

Quote:
Upon the 1943 death of company president Edsel Ford, the founder's overshadowed son, Bennett was Henry Ford's choice to succeed Edsel. However, Edsel Ford's widow blamed Bennett for her husband's early death and effectively vetoed the appointment. Instead, Henry Ford appointed Bennett to the Ford Motor Company board of directors. After some attempted shenanigans with Henry Ford's will which would have given Bennett control over the company, the Ford women stepped in and demanded Bennett's ouster. In September 1945, Henry Ford II was summoned to Ford's estate and informed that he would be the new president of Ford Motor Company. As his first act, Henry Ford II, then 28, had John Bugas hand Bennett his walking papers (after which Bennett and Bugas drew pistols on each other). Bennett told the younger Ford, "You're taking over a billion-dollar company that you haven't contributed a thing to." That afternoon, on September 21, 1945, Bennett departed, ending his 30-year career with the Ford Motor Company.[4]
The ruthless Bennett era was finally over. Afterward, Henry Ford II went to Ford to tell him of his first executive decision: "I went to him (Henry Ford) with my guard up. I was sure he was going to blow my head off." Ford quite nonchalantly said, "Well, now Harry is back on the streets where he started." (bolding mine)
Joe K
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