A Peek at Ford

Only once a year does the public get a partial peek at the finances of the privately owned Ford Motor Co., which never reports its profits. Last week, in the abbreviated statement which it is required to file in Massachusetts, Ford disclosed that its assets at the end of 1949 had reached a record $1.3 billion, a gain of more than $194 million from the previous year. To the executive team which piled up the impressive score, the company last week gave some additional recognition, elected five vice presidents to the board of director:: John S. Bugas (labor relations), Lewis Crusoe (Ford Division general manager), Del Harder (production), Theodore Yntema (finance), and Harold T. Youngren (engineering).

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