Henry Ford over to his son Edsel Ford in December 1918. Henry retained final decision authority and sometimes reversed the decisions of his son. Ford started another company, Henry Ford and Son, and made a show of taking himself and his best employees to the new company; the goal was to scare the remaining holdout stockholders of the Ford Motor Company to sell their stakes to him before they lost most of their value. (He was determined to have full control over strategic decisions.) The ruse worked, and Ford and Edsel purchased all remaining stock from the other investors, thus giving the
Henry Ford Company Henry Ford Company The Henry Ford Company was the second company for Henry Ford, founded November 1901. It resulted from the reorganization of the Detroit Automobile Company, his first unsuccessful attempt at automobile manufacture a year before. In March 1902, Ford left the company following a dispute with his financial backers, William Murphy and Lemuel Bowen, as Ford was devoting considerable time to the sport of auto racing and his Ford 999 race car. In a final settlement, Ford left with his name and US $900; he went on to start the Ford Motor Company in 1903 at the Ford