Word: breeches
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Well-Paid Team. Ford's growth has been the work of a high-octane management team headed by Henry Ford II and Ernest R. Breech, who was made the company's first board chairman this year. The team has been handsomely paid for its job. The eleven top officers of the company collected $2,414,500 in direct compensation this year (including some held over from 1954); Breech and Ford each received...
...Ford name. But probably a bigger reason to hardheaded investors was the earnings of the Ford company. Some 400 investment houses, which will participate in selling the stock to the public, are already being flooded with orders to buy, no matter what the price. Board Chairman Ernest R. Breech reported last week that the company will earn more before taxes this year (an estimated $700 million) than it did in the entire 21 years between two world wars, 1919 through 1939. In fact, said Breech, Ford has already made a greater profit in the first three quarters of 1955 than...
...fast is the U.S. boom growing? Much faster than most businessmen think, Ford Motor Co. Board Chairman Ernest R. Breech told the St. Louis Chamber of Commerce last week. "The big boom we have all been anticipating for the early 1960's is no longer a distant dream. We have no choice but to prepare for a major breakthrough into a new and much higher plateau of production and consumption...
FORD PROFITS, always a tightly kept secret, will be made public for the first time this year, says Ford Chairman Ernest R. Breech. The move is being made in preparation for the public sale of Ford stock by the Ford Foundation, which holds 3,089,908 shares of non-voting class "A" common stock. The Ford family will still keep firm control of the company through 172,645 shares of class "B" voting stock...
Ernest R. Breech, 57, was made board chairman of the Ford Motor Co., the first chairman in Ford's 52-year history. Though President Henry Ford II will still be top man, the new job was created for Breech as a reward for the way he has built up the company and to take some of the heavy work load off his shoulders. When Breech first went to Ford in 1946, after a 13-year stint at G.M. and four more as president of Bendix Aviation Corp., Ford was losing $9,000,000 a month. Largely as a result...