Everything about William Clay Ford Sr totally explained
William Clay Ford (born
March 14,
1925) is the youngest of the four children of
Edsel Ford and a grandchild of
Henry Ford.
Ford served in the U.S. Navy Air Corps during
World War II. He married
Martha Firestone, the granddaughter of
Harvey Firestone on
June 21,
1947. They have four children - Martha, Sheila, Elizabeth, and
William Clay Ford, Jr. Ford received a
BS in Economics from
Yale University in
1949 and was a member of the
Psi Upsilon fraternity and
Wolf's Head.
He worked for the
Ford Motor Company and was briefly head of the Continental Division. This division was short lived, and was merged with Lincoln shortly before Ford's public stock offering. He updated the Continental that his father had created, and in 1955 the
Continental Mark II was released. It is said there were only 2 pictures on the wall in his office at Ford HQ, his father's Continental, and his updated Mark II
Ford became the sole owner of the
Detroit Lions in
1964, purchasing the franchise for $4.5 million from Dick Richards. He is often blamed for the Lions' abysmal record under his ownership . The Lions, one of the most successful teams of the 1950's, winning championships in 1952, 1953 and 1957, have won just one playoff game since he became the sole owner of the team, and have never reached the Super Bowl. The Detroit Lions began playing at
Ford Field in downtown Detroit in August 2002.
After his older brother
Henry Ford II retired as head of Ford, William remained as a director of the Company. He was chairman of the most important of the directors' committees, the Finance Committee. He sat on the Ford Board of Directors for 57 years, retiring on May 12, 2005. Ironically,
his son was serving as Ford's CEO at the time.
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