Finally, a Businessman with a Brain
Training new employees was costing The Irish-American Henry Ford more than simply paying the existing ones better. The $5‑a‑day wage was a strategic move to stabilize his workforce, not an act of generosity.
Training new employees was costing The Irish-American Henry Ford more than simply paying the existing ones better. The $5‑a‑day wage was a strategic move to stabilize his workforce, not an act of generosity.
1912, sentiment drew Henry Ford and his son Edsel back to his father’s humble cottage. This included its 30 acres of land in Lisselane.
DEN BOSCH, THE NETHERLANDS – MAY, 10, 2016: Vintage white 1959 Ford Edsel classic car parked in the car park.
On arrival, Dad and lad discovered that three of Edsel’s brothers were still resident. On the advice of a priest, the renegade three refused to sell up.
His logic was simple but radical: ‘If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s theirs.’ He wanted no part of either.
‘I follow the news. I know your son always stays in the finest hotels, dressed in designer clothes. Yet you’re asking about the cheapest place to stay and wearing a coat that looks older than you. Why would a billionaire save money like this?’
It is a bit early to be celebrating Saint Patrick’s Day but such is the Irish presence on the world stage it seems every day is an occasion for Irish celebration. Despite being one of the world’s smallest nations the Irish presence punches well above its weight. Ireland […]
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