@audubonballroon@mastodon.social
2026-07-30 15:33 UTC
we are putting the greatest share of our profits back in the business.
While Ford may have believed that such a strategy might benefit the company in the long term, he told his fellow shareholders that the value of this strategy to them was not a main consideration in his plans.
(6/8)
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@audubonballroon@mastodon.social 2026-07-30 15:34
The minority shareholders objected to this strategy, demanding that Ford stop reducing his prices when they could barely fill orders for cars and that he continue paying out special dividends from the capital surplus in lieu of his proposed plant investments. Two brothers, John Francis Dodge and Horace Elgin Dodge, owned 10% of the company, among the largest shareholders next to Ford. Source: https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co. (7/7)