Page 10-Friday, July 14, 1978-The Michigan Daily
Ford's Iacocca reportedly ired
(Continued from Page 1) the publication. "He and Bill (William deputy chief executive officer. Although company officials at the
s, Iacocca said Chairman Henry Clay Ford) and I sat there and he just UNDER THE new setup, only Cald- time insisted Iacocca had lost none of
d II told him "it was just one of said he came to that conclusion and well and William Clay Ford report his power in the shake-up, auto industry
e things. that's it." directly to the chairman. Iacocca, as analysts said it appeared the new set-
'here was no reason," Iacocca told Ford last month named brother the fourth member of the Office of Chief up anticipated the elevation of William
William Clay Ford to a top corporate Executive, reported to Caldwell. Clay Ford to the board chairmanship.
post to insure "continuity" of Ford
family influence over the company it
founded 75 years ago.
THE HIGH-LEVEL shakeup ap-
peared at the time to remove Iacocca
from the line of succession when the
elder Ford, 60, retires in two years as
chief executive of the auto firm.
Ford named his brother, owner of the
Detroit Lions, as chairman of the com-
pany's Executive Committee - a
position thatahe himself had previously
held - and a member of the Office of
Chief Executive formed last year in the
first step towards "orderly transition"
Also given new corporate respon-
sibilities was Ford vice chairman
Philip Caldwell, 58, who was designated
Sadat, Weizman discuss
new peace possibilities
LAST FIVE DAYS
SALZBURG, Austria (AP) - Egyp-
tian President Anwar Sadat and Israeli
Defense Minister Ezer Weizman met
for three hours yesterday and Weizman
said they "discussed various ways and
possibilities for achieving peace in the
"I ENJOYED the talk with President
Sadat," he said, "and I believe the
president enjoyed it, too."
Weizman said he and President Sadat
agreed to meet again in Alexandria,
Egypt, but he did not say when that
meeting would be held.
"I will take the discussion back to the
Israeli government and to Prime
Minister Menachem Begin," said
Weizman, who will return to Israel
"IN JERUSALEM, Israeli Foreign
Minister Moshe Dayan said he sees
some "meeting points" in the Israeli
and Egyptian Mideast peace plans,
which have been rejected by both sides.
Dayan did not elaborate on what
points he found compatible, saying
"that's a matter for London," a
reference to the talks between the
Egyptian and Israeli foreign ministers
The two, Moshe Dayan and Moham-
med Ibrahim Kamel, are to hold their
first meeting since January in the
British capital, with Secretary of State
Cyrus C. Vance attending as mediator.
AFTER HIS meeting with Sadat,
Weizman left to confer with Egyptian
Defense Minister Abdul Ghani el-
Foreign Minister Kamel, a member
of Sadat's entourage, also was expected
to participate in the defense ministers'
The leaders conferred at the
Schlosshotel, 30 minutes by car from
Salzburg, where Sadat has been staying
since his weekend meeting with Israeli
opposition leader Shimon Peres.
THE TWO defense ministers made up
the so-called military committee set up
by Sadat and Begin last December af-
ter Sadat opened direct peace
negotiations with Israel.
Their discussions concern Israel's
return of the Sinai Desert to Egypt, and
because this is the issue on which Egypt
and Israel are closest to agreement,
they have continued to meet
periodically despite the rupture in the
so-called political negotiations between
the two governments' foreign ministers
Although Israel and Egypt have
recently rejected each other's current
peace proposals, Israeli officials said
Dayan and Kamel would make
arrangements at the London meeting
for negotiations in the Sinai Peninsula
town of El Arish. There was no confir-
mation of this from Egypt, however.
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The AnnArber Film Coperativeprosen tsM ~
Friday, July 14
THE AWFUL TRUTH
(Leo McCorey, 1937), 7 & 10:20-MLB 3
A great screwball comedy. A separated couple (Cary Grant and Irene Dunne)
sabotage each other's love affairs, waiting for their divorce to become final.
Filled with classic set-pieces: Irene Dunne and Ralph Bellamy's "Home on tshe
Range" duet; Dunne's hilarious impersonation of a loudmouthed .floozy; and
the oft-copied husband-through-front-door, lover-into-bedroom, dog-fetch-
(Alfred Hitchcock, 1941) SUSPICION :40only-MLB3
A shy, provincial British girl marries an unprincipled charmer whom she
discovers gradually to ba a warped and lying cheat-and possiljy a mur-
derer. Although this is one of Hitchcock's most suspenseful films and Joan
Fontaine won an Oscar for her performance in it, Cory Grant steals the
show with perhaps his greatest performance, giving his character moral