Ford Motor Company | wealthymatters

Ford Family – Passing Wealth Down The Generations

July 11, 2012 3 Comments

To pay for the New Deal, meant to pull America out of the Great Depression, FDR raised taxes in America.A per the new tax laws in 1935, taxes were raised to 50 percent on estates over $4 million and to 70 percent on those over $50 million.Henry Ford didn’t like the implications of these taxes for his business.You can read about his reasoning in these excerpts from newspapers of that time:

http://trove.nla.gov.au/ndp/del/article/62414312

http://news.google.com/newspapers?nid=1915&dat=19250919&id=4AMhAAAAIBAJ&sjid=WnUFAAAAIBAJ&pg=3508,5720783 Read more of this post

Filed under Philanthropy, Theory Tagged with Benson Ford, Bill and Melinda Gates Foundation, Clara Ford, Class A stock, Class B stock, Edsel Ford., Eleanor Ford, Ford family, Ford Family philanthropy, Ford Foundation, Ford Motor Company, Ford: Decline and Rebirth by Allan Nevins and Frank Ernest Hill., foundation, Great Depression, Henry Ford, Henry Ford II, Henry: A life of Henry Ford II by Walter Hayes, inheritance, inheritance tax, intergenerational wealth transfer, Josephine Ford, New Deal, postaday, The Ford Fund, voting trust, wealth transfer, William Ford

Tackling Sales

July 10, 2012 5 Comments

Every business begins with a single sale.And its pretty obvious that no sale means no business.

For most businesses their founders are expected to be their best salespeople.After all who can be more enthusiastic or dedicated?So what do you do if sales is really not your thing?

Henry Ford had 161 patents granted to him.He knew his product and knew ways of bettering his manufacturing processes.But he was not much good at sales.Here is an article that sheds light on how Henry Ford tackled sales in the initial years.Read and learn: Read more of this post