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The Reckoning by David Halberstam

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37. A MAN OF THE SYSTEM

PHILIP CALDWELL SEEMED AT first an odd choice for the first nonfamily member to head the Ford Motor Company. Unlike Henry Ford and Lee Iacocca, he had no air of drama about him. He was careful and cautious—in the words of one contemporary, a man without a signature. In his early years at the company few of his colleagues had thought of him as a potential chief executive, but after his ascent they grudgingly acknowledged that the very qualities that had annoyed both his subordinates and his peers had commended him to Henry Ford as the ideal successor. Ford, anxious to lay aside his exhausting responsibilities but not entirely sure how much power he actually wanted to hand over, decided to retain a certain veto power, however ...

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