The Manager Behind the Master
While Henry Leland is celebrated as the "Master of Precision," his son Wilfred Leland was the glue that held their business ventures together. Born in 1869, Wilfred studied finance and management, becoming the perfect complement to his father's mechanical genius. At Cadillac, he served as Vice President and General Manager, handling the complex corporate battles with shareholders and later with General Motors.
Following the Father
Wilfred's loyalty to his father was absolute. When Henry Leland resigned from Cadillac in 1917 due to the dispute with William Durant over war production, Wilfred walked out with him. Together, they founded the Lincoln Motor Company. Wilfred took charge of the financial structuring, raising the capital needed to build the massive factory for Liberty aircraft engines.
The Desperate Deal
After WWI, the transition from aircraft engines to luxury cars proved financially devastating for Lincoln. Facing bankruptcy in 1921, Wilfred looked for a savior. He approached Henry Ford, believing that Ford would respect their shared history. Ford agreed to buy Lincoln for $8 million and verbally promised that the Lelands would remain in charge.
The Betrayal
The rescue turned into a hostile takeover. Within months of the purchase in 1922, tensions flared. Henry Ford's executives began dismantling Wilfred's management structure. In June 1922, Wilfred and his father were unceremoniously fired from the company they founded. Wilfred spent years fighting legal battles for the shareholders of the original Lincoln company, showcasing his integrity to the end.