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Wrong Horace Rackham?

Horace H. Rackham

Early Investor

Ford Motor Company

HQ Phone:  (313) 322-3000

Email: r***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Ford Motor Company

One American Road

Dearborn, Michigan,48121

United States

Company Description

Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures and distributes automobiles in 200 markets across six continents. With nearly 325,000 employees and 110 plants worldwide, the company's core and affiliated automotiv... more.

Find other employees at this company (72,241)

Background Information

Employment History

Attorney

Henry Ford Hospital


President of the Michigan Savings Bank Advising Henry Ford's Lawyer

MBS Textbook Exchange Inc


Affiliations

University of Michigan

Fellow


Detroit Golf Club

Member


Web References(67 Total References)


www.burameter.com

President of Michigan Savings Bank in 1903 to Horace Rackham, an early investor in the Ford Motor Company


www.toddecological.com [cached]

Horace H. Rackham Award for Outstanding Doctoral Thesis, University of Michigan


www.historicbostonedison.org

In 1903, with the help of a handful of investors (including James Couzens and Horace Rackham), Ford incorporated Ford Motor Company.
Horace Rackham Horace Rackham Horace Rackham was a Detroit lawyer who opened his own law office in 1894. In 1903, Henry Ford engaged Rackham to draw up documents incorporating the Ford Motor Company. Sensing an opportunity, Rackham borrowed $5000 and bought 50 shares in the new company. Ford Motor company was, of course, wildly successful, and in 1907 Rackham built a new home at 90 Edison in Boston-Edison, and in 1913 quit his law practice. Horace Rackham and his wife Mary devoted the rest of their lives to philanthropy. In addition to supporting numerous charities, Rackham gave extensively to the University of Michigan, underwriting expeditions and fellowships. He also left the university $100,000 for graduate student loans. The University named its graduate college, as well as the building housing it, after Horace H. Rackham. The results of Rackham's philanthropy can also be seen in and around the city of Detroit. Most significantly, in 1924, Rackham gave property in Huntington Woods to the city of Detroit. Some of this property was used as parking for the new Zoo (a memorial fountain at the zoo bears Rackham's name); the remainder was used to build a public golf course, now known as the Rackham Golf Course. Within the city, the Horace H. Rackham Education Memorial Building, built in 1941, stands at Farsworth and Woodward in Detroit's cultural district. Horace Rackham lived at 90 Edison until his death in 1933. Read more about Horace Rackham from the University of Michigan's Graduate school.


www.mbsbooks.com [cached]

- President of the Michigan Savings Bank advising Henry Ford's lawyer, Horace Rackham, not to invest in the Ford Motor Company, 1903.


thectcnetwork.org [cached]

In fact, in 1903 Henry Ford's lawyer, Horace Rackham, was advised by George Peck, the president of the Michigan Savings Bank, not to invest in Ford Motor Company.
Peck told Rackham, "The horse is here to stay but the automobile is only a novelty, a fad. Just 16 years later, Rackham's $5,000 investment in Ford became worth $12,500,000.


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