Ford risks it with outsider

Bill Ford says he handpicked his successor as CEO, gambling that Alan Mulally’s team-building skills and industrial savvy will inspire and embolden employees enough to revive the hard-up automaker.

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Tue, September 5th, 2006

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Interesting gambling facts:

  • Dice games have existed in one form or another for over 2000 years and were originally played with dice fashioned from the knucklebones of sheep.
  • In 1911, the state of California ruled that "draw" poker was a skill, and thus could not be banned under existing anti-gambling laws. However, "Stud" poker was still considered illegal at the time.
  • Parimutuel wagering refers to the type of gambling where the total prize pool is based upon the amount of money wagered. The more money gambled, the bigger the prize.
  • Up to the 1960s, Nevada was plagued by teamster financing, hidden ownership, employment of individuals of questionable character and background, and the clear links to organized crime.