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mahatmakanejeeves

(67,189 posts)
1. He had to be removed because he was running the company into the ground.
Fri May 22, 2020, 08:09 AM
May 2020

His grandson Henry Ford II was put in office to save the company.

The coming of World War II and Ford's mental collapse

When Edsel Ford died of cancer in 1943, aged only 49, Henry Ford nominally resumed control of the company, but a series of strokes in the late 1930s had left him increasingly debilitated, and his mental ability was fading. Ford was increasingly sidelined, and others made decisions in his name. The company was in fact controlled by a handful of senior executives led by Charles Sorensen, an important engineer and production executive at Ford; and Harry Bennett, the chief of Ford's Service Unit, Ford's paramilitary force that spied on, and enforced discipline upon, Ford employees. Ford grew jealous of the publicity Sorensen received and forced Sorensen out in 1944. Ford's incompetence led to discussions in Washington about how to restore the company, whether by wartime government fiat, or by instigating some sort of coup among executives and directors. Nothing happened until 1945 when, with bankruptcy a serious risk, Ford's wife Clara and Edsel's widow Eleanor confronted him and demanded he cede control of the company to his grandson Henry Ford II. They threatened to sell off their stock, which amounted to three quarters of the company's total shares, if he refused. Ford was reportedly infuriated, but had no choice but to give in. The young man took over and, as his first act of business, fired Harry Bennett.

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