Munster likened the situation to Henry Ford and the car company he founded at the beginning of the 20th century.

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The Ford Motor Company was incorporated in 1903 by Henry Ford, who transformed personal transportation with his Model T, an automobile that was reliable, efficient and reasonably priced.

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Ford officials say no one wants to see the automaker turn around more than Bill Ford, who is the first family member to run the company since his uncle, Henry Ford II, retired in 1979.

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Mr Nasser was forced out in 2001 and William Clay Ford, great-grandson of the founder, Henry Ford, took over as head of the company.

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In 1926, Henry Ford, one of the most powerful capitalists of his day, announced that workers in Ford Motor Company factories would begin a 40-hour-per-week, Monday through Friday work week.

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