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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Ex-Google engineer says Larry Page, Sergey Brin and Sundar Pichai share the same trait—it's the lesson he swears by as a $7.2 billion AI CEO
LeadershipFord Motor

Ford exec arrested after his wife told police he assaulted her and threatened to burn 2 of her Hermes purses with a butane torch

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The 2022 North American International Auto Show in Detroit, Michigan, US, on Saturday, Sept. 17, 2022.Emily Elconin/Bloomberg via Getty Images
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A prominent executive at Ford Motor Co. was arrested for allegedly attacking his wife at their suburban Detroit home and threatening to torch her designer handbags.

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Franck Louis-Victor, chief executive officer of the Ford Next unit, was arraigned Monday on charges of arson preparation and assault with a deadly weapon, according to the Bloomfield Township police. His bond was set at $25,000 and he remained in the Oakland County jail as of Tuesday afternoon.

Louis-Victor’s wife reported to police on July 8 that her husband threatened to burn two of her purses with a lit butane torch. The handbags were high-end Hermes purses valued at $10,000 each, according to an account in the Detroit News. His wife said Louis-Victor also slapped and headbutted her, and struck her with a Google Nest Hub device, causing a laceration under her left eye that required hospital treatment, police said in a statement.

The executive was interviewed by officers, “made statements supporting the victim’s statements” and was placed under arrest, police said.

Louis-Victor, 50, didn’t respond to requests for comment and efforts to reach him through the company were unsuccessful. Ford said it was aware of the situation but declined to comment further.

Louis-Victor has held significant roles with Ford since joining in 2021 from Groupe Renault. Initially, his duties included overseeing Ford’s autonomous vehicle affiliate Argo AI, which was subsequently shut down. In his current role atop Ford Next, he helps incubate and launch new businesses.

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