Today! In 1906, Henry Ford is appointed President of Ford Motor Company.
In 1906, he was named president and majority owner. In 1919, Henry, Clara, and Edsel Ford paid $105,820,894 to buy out all minority investors and became the sole proprietors of the company. Edsel, who replaced his father as president in 1919, held the office until his death in 1943, when Henry Ford reclaimed it. When he resigned from the president for the second time in September 1945, Henry Ford suggested that his grandson, Henry Ford II, be elected. His proposal was followed by the board of directors.
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