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July 25, 1978 - Image 6

Resource type:
Michigan Daily, 1978-07-25

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Page 6-Tuesday, July 25, 1978-The Michigan Daily

Ford Co. heir ap arent is a
DETROIT (AP)-If his predecessor at Ford
Motor Co. sired the sporty Mustang, Philip Caldwell
is linked with the mini-compact Fiesta. But Cald-
well, heir-apparent to the top operating post at
Ford, is a "team man" who rejects the notion that l4
any one man can father a new car.
"No one person has the right to claim a history of
a car," Caldwell once told a reporter in a thinly-
veiled reference to Lee Lacocca, the Mustangs
creator he apparently will succed as president.
THEREIN LIES part of the reason Caldwell, 58,
vaulted over Iacocca to become vice chairman and
second in command at the world's second biggest
A low-profile man with a stong background in
finance, he is an opposite of the brash, aggressive
Iacocca, a salesman. Company insiders say Cald-
well doesn't raise hackles as Iacocca did.
That should make Caldwell more compatible with
Henry Ford II, chairman and chief executive of-
ficer, who runs the company with a strong hand.
Personal friction with Ford reportedly led to Iacoc-
ca's fall. PHILIP CALDWELL, vice chairman and second-in-
"THE DIFFERENCE is in personality," said a command at Ford Motor Company, is being called
Ford source who asked to remain anonymous. heir-apparent to the company's top operating post.
"Caldwell is cool, calm, collected. He's known as
the type who keeps everything under control." the role and has two higher titles as well.
Ford officials would not comment on a Detroit "It doesn't matter what they call him," the source
News report that Caldwell would be named Iacoc- said.
ca's successor as company president. But the sour- Caldwell's ascension in April 1977 laid the groun-
ce called it logical, since Caldwell is already filling dwork for the sudden firing of Iacocca on July 13.

'team man'
Caldwell was named to a new three-man ruling
body with Iacocca and Ford. Both men answered to
Ford, but Caldwell was made more equal than
Iacocca. In June, Caldwell became deputy chief
execptive officer and vice chairman and Iacocca
was told to report to him.
CALDWELL IS expected to replace Henry Ford
as chief executive office in 1980. Henry plans to
remain chairman until 1982, when his brother,
William Clay Ford, is expected to replace him on
the board.
The top-level shuffle is seen as a way to keep the
family atop the company. But Caldwell, not William
Clay Ford, would run the day-to-day operations.
After Caldwell and William Clay Ford would
come Edsel Ford II, 29, Henry's only son, who is
now second in charge of Ford of Australia and being
openly groomed for both his father's current posts.
A HARVARD BUSINESS School graduate, Cald-
well is described by colleagues as in the General
Motors mold-a grey-suited management man
unlike the more colorful executives associated with
Ford Motor.
While Iacocca was flying high atop the key Ford
Division, Caldwell was laboring as head of truck
operations, Ford's Philco subsidiary and finally its
overseas operations.
He guided development of the European-built
Fiesta "world car" and presided over an inter-
national operation that by 1977 generated 42 percent
of Ford's worldwide profits.

Gas filibuster hits Senate early

WASHINGTON (AP)-A new Senate
filibuster against natural gas
deregulation arrived a week early
yesterday, as delaying tactics by Sen.
James Abourezk (D-S.D.) slowed
Senate action to a crawl.
"Here we go again," declared the
maverick liberal who has turned
fighting natural gas legislation into
nearly a full-time occupation.
THROUGH A NUMBER of parlimen-
tary stalling maneuvers, Abourezk
gave the Senate its first taste of what
promises to be a repeat of the filibuster
he and Sen. Howard Metzenbaum (D-
Ohio) waged against gas deregulation
last fall,
Abourezk claims that freeing natural
gas from federal price controls-which
the legislation would accomplish by
1985-would send gas prices soaring for

He said he hoped to tie up the Senate
to dramatize his opposition to the natural
gas bill, a key portion of President Car-
ter's 15-month-old energy program.
THE NATURAL GAS compromise it-
a wpnkp ,,inof the a mphll-

'Here we go again'
-Sen. James Abourezk
Abourezk and Metzenbaum opposed
last September, is not scheduled to
come up for a final Senate vote until
next week at the earliest. But Abourezk
decided not to wait.
He took his place on the Senate floor
at the start of yesterday's morning
business and began lodging objections
to a variety of routine motions which
nonetheless require unanimous con-
sent, which is usually given as a mat-
ter of course.
This included a demand for the
reading of every senator's name to
determine if a quorum were present, a
tactic that consumed more than an hour
yesterday as senators returned slowly
from the weekend.
THEN HE BEGAN demanding full
roll call votes on even the most non-
controversial of amendments to a bill to
extend various federal programs for
older Americans.
"I don't really have a plan. I intend to

fight any way I can," Abourezk told
Unlike most filibusters, which are
directed at single pieces of legislation,
Abourezk indicated he would attempt to
stall whatever happened to be on the
Senate floor.
HE SAID HE didn't really expect
such a move would keep the gas-pricing
compromise from getting to the floor.
But he said he would make the effort to
block it anyway.
"I feel it's incumbent upon those of us
who represent the public interest to put
a stop to this," he said.
Abourezk began the one-man
filibuster alone, but Metzenbaum in-
dicated support for the efforts.
promise' hits the floor, a number of
others-both liberal hardcore opponen-
ts of natural gas deregulation and some
conservative Republicans who feel the
compromise doesn't go far enough-are
expected to join Abourezk in the
Abourezk also said he was unhappy
that congressional leaders decided to
take up the natural gas bill before
voting on two other parts of the
president's energy progam taht are
also now ready for final Senate action.
Those deal with energy conservation
and electric rates.
The Senate last week approved the
first part of the energy plan to emerge
from a House-Senate conference com-
mittee, a bill aimed at forcing in-
dustries to convert to coal.

The Ann Arbor Film Cooperstive
presents of AUD A TUESDAY, JULY 25
(Raoul Walsh, 1949) 7 only-AUD A
An American classic and JAMES CAGNEY'S best film. Cagney plays a psycho-
pathic killer, subject to berserk rages and unduly attached to his vicious
mother. One of the darkest and most powerful films ever made, filled with
brilliant images, WHITE HEAT moves swiftly and surely to a breathtaking
climax-the celebrated shoot-out in an oil refinery. Don't pass this one up.

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