Ford was Chairman of Townsend Thoresen at the time of the MS Herald of Free Enterprise disaster in 1987.[1][3] Following the disaster, Ford was criticised for underestimating the number of people killed in the disaster.[4]
In April 1998, amid furore over the potential imposition of Public private partnership (PPP) on London Underground, Ford was removed as Chairman of LT by then Deputy Prime MinisterJohn Prescott due to his opposition to PPP.[8][9] Following this, Ford was highly critical of the government’s plan during a select committee, stating that "It’s going to be very difficult to make it work, and I think there is a very big element of uncertainty about the whole thing".[10] Ford was replaced as Chairman by Sir Malcolm Bates – one of the architects behind the PPP.[8][11]
Ford received a golden handshake of £350,000 – the balance of his contract. He was made a CBE in June 1998.[12]