Automotive News, September 14, 1998, p. 1; September 28, 1998, p. Business Week, September 28, 1998, p. 96. for many years, then dropped the bomb. Contact & Personal Details. It caused a sensation of good press for the company. Along with martial arts, he embraces acupuncture and homeopathy and has studied yoga as well as Zen and Tibetan and Vipassana Buddhism. His ascendency was never a sure thing. As an environmentalist and a devotee of Eastern mysticism, William Clay Ford Jr. was a most unlikely candidate to head a huge car company. , money, salary, income, and assets. William Clay Ford Jr. was born on 3 May, 1957 in Detroit, Michigan, United States, is an American businessman. "Through this transformative gift, Lisa and Bill have endorsed our goals and values, most especially Princeton's unique programmatic commitment to education through athletics.". And since he owns a great deal of the company, he'll have more sway and power -- more ability to move and change it. In 1995, he left the management side of Ford to run the board's finance committee. But Ford was nowhere to be seen. Find your friends on Facebook. Though he seems to have as ideal a life as possible, balancing family, hobbies, a football team, and one of the world's largest corporations, Ford admits there are some drawbacks to carrying around his legendary surname. "We're committed to the personal-mobility business. Weblisa vanderzee ford house. Footer. The Department of Civil and Environmental Engineering E209A Engineering Quadrangle Princeton, New Jersey 08544 USA. Because each style has its own formatting nuances that evolve over time and not all information is available for every reference entry or article, Encyclopedia.com cannot guarantee each citation it generates. Retrieved April 28, 2023 from Encyclopedia.com: https://www.encyclopedia.com/history/encyclopedias-almanacs-transcripts-and-maps/bill-ford. Before Fame. he yells out, as he cranks up an espresso machine. He was raised alongside Martha, Sheila, and Elizabeth, his three sisters. He remarked to Joseph R. Szczesny in Time, "I can remember when the board asked me to stop associating with the environmentalists. Gannett News Service, September 21, 1998. handles daily operations and details while the chairman steers the ship. He studied at the Hotchkiss School in Connecticut and then studied at Princeton University in 1979. By the mid-90s, he was being considered to take over the position of chairman and CEO from Alex Trotman. Of cars being easily assembled, disassembled, then assembled again, like souls being reincarnated. Crowds had dwindled throughout the years, and the franchise received one of the worst licensing deals in the league with stadium owners-the Lions obtained no revenue from concessions, suites, or parking. It is unusual to think of an automobile baron as an environmentalist, but Ford is just that. One thing that should help him is his improbable group of new friends. bit when he walks, like a kid. He has also served as general manager of the climate control division. He's way, way out in front of everybody. . WebCourt Records. He is also an avid fan of football as he currently heads the Detroit First, he fired head coach Wayne Fontes and hired Bobby Ross, formerly of the San Diego Chargers. He majored in history and was made the president of The Ivy Club. His father wanted him to have a well-rounded education about the business in case he would someday rise to the top. Ford married a fellow Princeton student, Lisa Vanderzee, and they have two daughters and two sons. A key component of the Fords' gift is the establishment of a discretionary fund that will enable the director of athletics to identify and support strategic initiatives across Princeton's athletics department, including varsity and recreational programs. Ford serves as the vice chairman of the NFLs Detroit Lions team. Born In: Detroit, Michigan, United States, mother: Martha Firestone, Martha Firestone Ford, siblings: Elizabeth Kontulis, Martha Morse, Sheila Hamp, children: Alexandra Ford, Eleanor Ford, Nicholas Ford, Will Ford, education: Princeton University, Massachusetts Institute of Technology, See the events in life of Bill Ford in Chronological Order, https://www.youtube.com/watch?v=s9vRj8pFGbM, https://commons.wikimedia.org/wiki/File:Bill_Ford_2011.jpg, https://www.youtube.com/watch?v=k5cQD3u1Am4, https://www.youtube.com/watch?v=zKwmHQXYc5Y, https://www.youtube.com/watch?v=LHTt7pBUIpg, https://commons.wikimedia.org/wiki/File:Bill_Ford_2012-02-27_002.jpg. A 5270 Geddes Rd, Ann Arbor, MI48105 $1,480 This warring between the companies resulted in two Congressional investigations and a dangerous public-relations predicament for Ford. Steve Ballmer who has worked for Microsoft Corporation since 1980, has left a lasting impression on his, Wagoner, Rick 1953 Encyclopedia.com. He didn't want to feel overshadowed, intimidated. The great-grandson of company founder Henry Ford, Ford joined the board in 1988 and has served as chairman since January 1999. The leather on the chairs was tanned using a nonchemical process. He continued his education at Princeton University, where he earned a history degree in 1979. He worked for many years as a mid-level executive in product development and briefly served as the head of the climate control division. Rocky Aoki Biography, Net Worth, Age, Height, Weight, Girlfriend, Family, Fact, and More, ROBERT PITTMAN Biography, Net Worth, Age, Height, Weight, Girlfriend, Family, Fact, and More. Married: Charles He played on the Princeton rugby team as well. For the last 30 years, consumer groups have considered Ford Motor Company to be among the most secretive, obstructionist, compliance-driven corporations in America. Fax: (313) 983-6494 He excelled at sports, received good grades, and maintained a relatively normal existence without bodyguards or chauffeurs. It will have a 12-acre roof of native grasses where birds will nest. Ford graduated from Connecticuts Hotchkiss School in 1975. 's -- the vehicles have clear weaknesses. I like to talk about things like values and soul. In the next three years, the company invested in a number of enterprises including Masabi, Nano-C, Zagster and ParkMe to name a few. Ford and Lisa Vanderzee Ford were married in 1983 and they have four children together, two sons and two daughters. Ford announced that half of the vehicle lineup would be available with advanced hybrid-electric powerplant options by 2010, although the Company's earlier pledge to build 250,000 hybrid vehicles a year by 2010 proved to be overly optimistic and had to be abandoned. Bernadine and J. Dale Bennett. And his method seemed to work. Site Index | Ford talks excitedly about one of his most ambitious projects, a huge redesign of the Rouge. Ford's aspirations are grand, almost ridiculously far-fetched. While other branches of the Ford clan were marred by unstable family relationships, Ford enjoyed a calm upbringing in a home that was as down-to-earth as possible, given the family's household name and incredible wealth. Later, Ford attended the Hotchkiss School in Lakeville, Connecticut, where he gained a reputation as a fierce soccer competitor. Within the Cite this article tool, pick a style to see how all available information looks when formatted according to that style. "I used to wonder if running a large industrial company would really square with my values," Ford says. Lisa Vanzie. He has a black-belt in tae kwon do and is a vegan. Nasser and Ford worked hard on the report, a way for the auto company to address the longtime criticisms of progressively minded fund managers, environmentalists and others who are becoming increasingly important voices in the emerging global economy. See Ford co-founded the firm with Ralph Booth (Chairman and CEO of Booth American Company and a media and telecom investor), Mark Schulz (former head of Ford Motor Company's international operations), Chris Cheever, and Chris Thomas. Nasser was called to testify during the Congressional investigations in early September, and he refused at first -- a move that was inexplicable. Ford married a fellow Princeton student, Lisa Vanderzee, and they have two daughters and two sons. He was known to football fans for being the Vice Chairman of the Detroit Lions. Page One Plus | Furthermore, he took immediate steps to give the team a needed lift. Diversions | Sales of Explorers were down 16 percent in October -- a drop due in part to a shortage of vehicles (production was halted for three weeks in September), but also no doubt due to continuing concern in the public's mind about the Explorer's safety. USA Today, December 2, 1997, 4B; September 14, 1998, p1B. new web site and weekly radio and television shows added to the facelift. -- it suited the outdoorsy life he was always wishing he had more of. When the recall story broke, on Aug. 8, Ford and Jacques Nasser, the company's C.E.O. Copyright 2023 The Trustees of Princeton University, Gift from Ford Family to Support Princeton Athletics Program. Virginia based SIPs home And Bye Bye Tucker and Don. He served as treasurer from 1980 to 1995, then became vice chairman and assumed responsibility for most of the operations. National/N.Y. Loewhaley Laura Biography, Age, Boyfriend, Family. "Whenever I'm at a party," he told Naughton in Business Week, "people are always telling me either to get a new quarterback or make the Taurus back seat bigger.". He served several years as a mid-ranking executive in product development. Volvo even has a new car that cleans the air while it drives. ", he rouge plant is Prince William's new industrial cathedral. Out on the fringes is the Rouge plant, a 1,200-acre complex of seven factories At the time of the Ford 2000 reorganization, he was in charge of heavy truck operations. While Nasser ran the company's operations, Ford was busy passing out olive branches to the company's die-hard critics, and to a large extent his efforts worked. In an early job, he called himself William Clay to avoid undo attention. At his first NFL owners' meeting, he stood up to the threat of having the Lions' Thanksgiving game taken away and given to a better team (they have not won a championship since 1957). in Management as a Sloan Fellow from the MIT Sloan School of Management. In the 23 months they have been in charge, the company has bought Volvo, Land Rover and a major service operation in Europe, among other businesses. Before assuming their positions in January 1999, they were asked by the board to put their job descriptions into words. He is also an avid fan of football as he currently heads the Detroit Lions NFL franchise and also plays the guitar. Together, Ford and McDonough have met with more than 500 suppliers to discuss how cars might be made in the future -- so all parts could be disassembled and easily reused. Ford, however, welcomed the concept, explaining in a press conference, "I will lead the board and Jac will lead the company. "We've known each other a long time. As a member of the Global Climate Coalition (G.C.C. Cite this article Pick a style below, and copy the text for your bibliography. His family viewed his life, and death, as tragic. ", But Trotman wasn't thrilled. He had made it no secret that he hoped to combine his personal devotion to environmental issues with his new position, thereby producing cleaner, more efficient vehicles. Ford's restructuring plan, dubbed "The Way Forward", reversed a $1.6 billion loss during 2009 in its North American operations. The company returned to profitability in 2010. 1933 When mulling over the possibility that Ford would be taking the reins of the automaker, some commentators predicted that it would be a boon for the company. American entrepreneur William Clay Ford Jr. is the executive chairman of Ford Motor Company. Ford also worked in product planning and advanced vehicle development, helping to launch the first Ford Escort and Mercury Lynx, and also led the marketing efforts for Ford in the New York-New Jersey area. For the Ford-Firestone wedding, the company issued a six-page news release that divulged everything from the brides dress rare antique rose point and duchess lace to the names of prominent guests. https://www.thefamouspeople.com/profiles/bill-ford-3676.php, Massachusetts Institute Of Technology (MIT). 2019Encyclopedia.com | All rights reserved. David Mandelbaum 57 and his wife, Karen Mandelbaum, have made a gift to the Center for Jewish Life that will make possible renovation and expansion of the centers main kitchen and dining facilities. Bill Ford is executive chairman of Ford Motor Company and vice chairman of the Detroit Lions professional football team. and was having long soul-searching talks with environmental activists about the end of the internal-combustion engine. The family currently resides in Ann Arbor, Michigan. 1953 Later, he went back to school to obtain a master of science in management at the Massachusetts Institute of Technology in 1984. Ford gives me a brief tour of his office -- he has caught me looking around and wants to explain a few things. Ford earned $10 million annually and was the 264th highest-paid CEO according to Forbes at the time of his resignation. "There's no conflict between doing the right thing and the bottom line," Ford noted to Mary Connelly in Automotive News. As his days waned, he tried to name his own successor, and failed. ", In the long run -- or in "the long view," as a Buddhist would say -- sometimes a bad thing is the best thing of all. ), a multi-industry group that lobbies against green initiatives, the company dismissed global warming as a lunatic conspiracy -- while making huge profits from larger and larger gas guzzlers. Nasser is a street-smart Australian and a Ford-company lifer -- his nickname is Jac the Knife because of his reputation for cost-cutting. Ford worked under Nasser in the 1980s, when he was a financial analyst in charge of Venezuela and Nasser was head of finance for Latin America and Asia. Telephone: (313) 983-6000 International | The white noise at Ford -- a corporation with $163 billion in annual sales -- is an incessant hum of performance reviews, lawsuits, sales figures. Support for the project was provided in part by the Princeton Environmental Institute through the William Clay Ford, Jr. 79 and Lisa Vanderzee Ford 82 Graduate Fellowship fund, and National Science Foundation grants from the Chemical, Bioengineering, Environmental and Transport Systems Division and the Sustainable Chairman and chief executive officer, General Motors Corporation What he was hearing wasn't yet alarming, even if it resulted in a recall. At Starbucks, where we met earlier, he was howdy-ing the and Mary -- John Denver -- the kind of stuff nobody wants to hear." Weather | In 1979, when Henry II retired and didn't hand over the title of chairman to his younger brother -- hiring a professional manager instead -- it was hard to tell whether it even bothered William Sr. "He's never said," Bill says. He was inducted into the Irish America magazines Hall of Fame, in 2011. At one point, Ford considered going in Nasser's place but worried that his appearance might make it look as if Nasser were just "a figurehead," says one adviser. I mean, I knew it was a big deal but" -- and he stumbles a bit when he says this -- and then John said: 'Oooooooh. And yet, by all accounts, together they have made Ford Motor more dynamic. Ford was planning to attend a Firestone centennial celebration in early August (in a Shakespearean twist to the drama, his mother is the granddaughter of Harvey Firestone), and he mentioned the centennial to the company's chief counsel, John Rintamaki, "in an offhand way," he says. "The Princeton athletics department and I are profoundly honored," Walters said. Ford graduated from Princeton; Cobb went to Wayne State University, but they reunited at a party about five years ago and started a long-distance relationship: At first, Ford lived in San Francisco and Cobb was in Detroit. Ellie Ford is the daughter of William Clay Ford Jr., chairman of Ford Motor Co., and Lisa Ford. Refer to each styles convention regarding the best way to format page numbers and retrieval dates. Not just a "company man," Ford is a part of the firm's history, as is his cousin, Edsel Ford II, who had maintained even closer ties. Yet there is no erasing the polish and manners and eccentricity that four generations of fabulous wealth can bring. He then enrolled in the MIT Sloan School of Management as a Sloan Fellow and graduated in 1984 with an M.S. He also briefly headed the Climate Control Division (since divested from the company as part of the Visteon spinoff). He had been fascinated with Buddhism and Eastern philosophy since his early 20's, but one of his oldest friends, Mark Higbie, remembers that his conversations with Ford began to change when they entered their 30's. After college, Ford went to work at the family business, starting as a financial analyst and eventually rotating through eleven jobs in his first ten years with the firm. Nasser comforts Old Detroit. "I want you to remain honest -- and to hold our feet to the fire. But perhaps that is the least of it. In 2010, he announced the start of a strategic investment firm, Fontinalis Partners, with the resolve of capitalizing in groundbreaking companies. But those most troubled by the report were the other leaders in the auto industry. Currently based in Michigan, Ford is married toLisa Vanderzee with whom he has four children. "I recognize that there are those who think this job was handed to me," Ford remarked to Keith Naughton in Business Week. WebHe joined Ford in 1979 and 1981 held a variety of positions, beginning in product development and on the financial staff, a grooming ground for Future executives. He thought about teaching or running a foundation -- his personal fortune in Ford stock was estimated at $185 million at the end of 1999, bringing him millions a year in dividends alone /- but he was pulled back to Motown instead. Chairman, Citigroup He and I were introduced once, years ago -- we have an old friend in common -- but his exuberance seems to have little to do with me. He served several years as a mid-ranking executive in product development. Green Modern Kits. There will be skylights and windows. Reviews. He was manager of heavy-truck manufacturing, then director of business strategy. Some recent opinion polls show that consumers blame Ford Motor Company for accidents and deaths almost as much as they blame Firestone. They have four children. Of parts being compostable or reusable. ." William Clay Ford, Jr. was born onMay 3, 1957 inDetroit,Michigan, United States. Web[clarification needed] Ford co-founded the firm with Ralph Booth (Chairman and CEO of Booth American Company and a media and telecom investor), Mark Schulz (former head of Ford Motor Company's international operations), Chris Cheever, and Chris Thomas. Incorpora, When Cuban-born Carlos M. Gutierrez ascended to the top spot at the Kellogg Company in 1999 he became not only the youngest chief executive officer (, Packard, David Though he did have a nanny, his mother was around at all times. Like its inhabitant, Ford's office seems polite at first glance -- navy blue and mahogany tones predominate -- a bastion of cautious, clubby Midwestern style.