Knowledge (XXG)

Dodge v. Ford Motor Co.

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195: 213:, Ford's mainstay product, had been successively cut over the years while the wages of the workers had dramatically, and quite publicly, increased. The company's president and majority stockholder, Henry Ford, sought to end special dividends for shareholders in favor of massive investments in new plants that would enable Ford to dramatically increase production, and the number of people employed at his plants, while continuing to cut the costs and prices of his cars. In public defense of this strategy, Ford declared: 3051: 2377: 1451: 1595: 794: 2511: 3061: 2387: 1461: 302:
that context, the Dodge decision is viewed as a mixed result for both sides of the dispute. Ford was denied the ability to arbitrarily undermine the profitability of the firm, and thereby eliminate future dividends. Under the upheld business judgment rule, however, Ford was given considerable leeway via control of his
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The rule of wealth maximization for shareholders is virtually impossible to enforce as a practical matter. The rule is aspirational, except in odd cases. As long as corporate directors and CEOs claim to be maximizing profits for shareholders, they will be taken at their word, because it is impossible
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A business corporation is organized and carried on primarily for the profit of the stockholders. The powers of the directors are to be employed for that end. The discretion of directors is to be exercised in the choice of means to attain that end and does not extend to a change in the end itself, to
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Ford was also motivated by a desire to squeeze out his minority shareholders, especially the Dodge brothers, whom he suspected (correctly) of using their Ford dividends to build a rival car company. By cutting off their dividends, Ford hoped to starve the Dodges of capital to fuel their growth. In
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However, others, while agreeing that the case did not invent the idea of shareholder wealth maximization, found that it was an accurate statement of the law, in that "corporate officers and directors have a duty to manage the corporation for the purpose of maximizing profits for the benefit of
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Among non-experts, conventional wisdom holds that corporate law requires boards of directors to maximize shareholder wealth. This common but mistaken belief is almost invariably supported by reference to the Michigan Supreme Court's 1919 opinion in
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My ambition is to employ still more men, to spread the benefits of this industrial system to the greatest possible number, to help them build up their lives and their homes. To do this we are putting the greatest share of our profits back in the
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and where shareholder primacy is still upheld) is that the business judgment that directors may exercise is expansive. Management decisions will not be challenged where one can point to any rational link to benefiting the corporation as a whole.
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This case is frequently cited as support for the idea that corporate law requires boards of directors to maximize shareholder wealth. However, one view is that this interpretation has not represented the law in most states for some time:
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is often misread or mistaught as setting a legal rule of shareholder wealth maximization. This was not and is not the law. Shareholder wealth maximization is a standard of conduct for officers and directors, not a legal mandate. The
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While Ford may have believed that such a strategy might be in the long-term benefit of the company, he told his fellow shareholders that the value of this strategy to them was not a main consideration in his plans. The minority
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threatened to set up a competing manufacturer as a way to finally compel his adversaries to sell back their shares to him. Subsequently, the money that the Dodge brothers received from the case would be used to expand the
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argued that the profits to the stockholders should be the primary concern for the company directors. Because this company was in business for profit, Ford could not turn it into a charity. This was compared to a
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of the company's assets. The court therefore upheld the order of the trial court requiring that directors declare an extra dividend of $ 19.3 million. It said the following:
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The Court was called upon to decide whether the minority shareholders could prevent Ford from operating the company in the direction that he had declared.
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objected to this strategy, demanding that Ford stop reducing his prices when they could barely fill orders for cars and to continue to pay out special
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is a rule that is hardly ever enforced by courts" is not that it represents bad case law, but because the business judgement rule means:
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about what investments he could make. That left him with considerable influence over dividends, but not complete control as he wished.
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the reduction of profits or to the nondistribution of profits among stockholders in order to devote them to other purposes.
166:, rather than in a manner for the benefit of his employees or customers. It is often taught as affirming the principle of " 1416: 1182: 1010: 2790: 1464: 3036: 840: 776: 3095: 3031: 1454: 948: 630: 2225: 170:" in corporate America, although that teaching has received some criticism. At the same time, the case affirmed the 2885: 1386: 1262: 990: 389: 3085: 2975: 2940: 2900: 2835: 2466: 2390: 938: 2935: 2795: 2780: 2436: 1881: 1335: 1311: 1218: 1049: 985: 2970: 2925: 2905: 2825: 2716: 2380: 2073: 1893: 1869: 1854: 1285: 1207: 980: 865: 2920: 2355: 2305: 2290: 2194: 1252: 1235: 335: 171: 151: 3064: 2220: 2993: 2988: 2980: 2930: 2731: 1791: 1350: 1303: 1267: 1057: 953: 688: 676: 550: 2945: 2915: 2965: 2845: 2711: 2078: 1951: 1915: 1786: 1550: 1277: 1257: 1230: 995: 830: 744: 257: 134: 92: 3054: 3026: 2960: 2863: 2815: 2429: 1490: 1421: 1223: 760: 712: 582: 501:"Social Responsibility and Enlightened Shareholder Primacy: Views from the Courtroom and Boardroom" 395: 378: 167: 2335: 2330: 1961: 1956: 1725: 1134: 736: 653: 443: 303: 236: 232: 206: 159: 2880: 2850: 2785: 2746: 2726: 2721: 2583: 2295: 2265: 2240: 2164: 2136: 1699: 1575: 1431: 1212: 1070: 923: 590: 586: 578: 542: 538: 485: 481: 469: 451: 447: 435: 280: 76: 3000: 2955: 2553: 2285: 2141: 2032: 1946: 1864: 1798: 1340: 1290: 1091: 887: 768: 530: 400: 96: 17: 2610: 2488: 2310: 2215: 2104: 1920: 1844: 1828: 1668: 1663: 1647: 963: 880: 563: 2950: 2893: 2858: 2568: 2531: 2275: 2260: 2255: 2250: 2042: 2022: 2002: 1908: 1888: 1735: 1720: 1704: 1694: 1540: 1483: 1410: 1000: 933: 850: 825: 3079: 2820: 2300: 2184: 2179: 2174: 2169: 2126: 2068: 2037: 2027: 2012: 1971: 1966: 1818: 1808: 1760: 1745: 1684: 1570: 1545: 1403: 1392: 704: 100: 84: 80: 2875: 2736: 2280: 2270: 2088: 2007: 1986: 1981: 1976: 1898: 1823: 1813: 1750: 1740: 1689: 1580: 1345: 1142: 1083: 1062: 1005: 918: 875: 860: 820: 252: 224: 199: 72: 231:
from the capital surplus in lieu of his proposed plant investments. Two brothers,
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to refute these corporate officials' self-serving assertions about their motives.
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protects many decisions that deviate from this standard. This is one reading of
284: 262: 163: 527:"In Search of Lost Time: What If Delaware Had Not Adopted Shareholder Primacy?" 2622: 2558: 2548: 2493: 2452: 2345: 2245: 2017: 1903: 1876: 1849: 1803: 1730: 1397: 1295: 1240: 1150: 1118: 1020: 975: 943: 897: 290: 155: 2770: 2695: 2678: 2657: 2483: 2235: 2230: 2189: 1941: 1936: 1781: 1776: 793: 526: 429: 427: 2741: 2689: 2645: 2600: 2471: 1516: 1426: 970: 928: 855: 534: 239:, owned 10% of the company, among the largest shareholders next to Ford. 228: 178: 174:, leaving Ford an extremely wide latitude about how to run the company. 2617: 2498: 2156: 1166: 1110: 1015: 728: 342:. If this is all the case is about, however, it isn't that interesting. 210: 418: 2683: 2595: 2578: 2340: 1245: 1174: 1158: 752: 622: 499:
Micheletti, Edward; Gerber, Marc; Atkins, Peter (February 21, 2019).
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shareholders" is a default legal rule, and that the reason that "
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John F. Dodge and Horace E. Dodge v. Ford Motor Company et al
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Rebadged models, mostly from Japanese or Korean manufacturers
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had accumulated a surplus of $ 60 million. The price of the
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Rebadged Chrysler/Plymouth models for external markets
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The Harvard Law School Forum on Corporate Governance
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over half of all U.S. public companies are domiciled
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(September 18, 2007). 289:As a direct result of this decision, 7: 3060: 2386: 1460: 468:Henderson, M. Todd (December 2007). 1515:Established in 1900, a division of 614:Virginia Law & Business Review 25: 3106:United States corporate case law 3059: 3050: 3049: 2509: 2385: 2376: 2375: 1593: 1459: 1450: 1449: 1127:Automotive Fuel Cell Cooperation 792: 478:University of Chicago Law School 27:1919 Michigan Supreme Court case 384:Corporate social responsibility 58:204 Mich 459; 170 NW 668 (1919) 3091:1919 in United States case law 816:Automotive Components Holdings 476:. Olin Working Paper No. 373. 1: 436:"Why We Should Stop Teaching 3022:MusĂ©e de l'Aventure Peugeot 581:. Hodak Value Advisors and 472:Dodge v. Ford Motor Company 18:Dodge v. Ford Motor Company 3122: 1387:Grimshaw v. Ford Motor Co. 1050:AutoAlliance International 991:Special Vehicle Operations 390:Grimshaw v. Ford Motor Co. 278: 3045: 2507: 2467:Fiat Chrysler Automobiles 2371: 1591: 1513: 1445: 1159:Getrag Ford Transmissions 790: 577:Hodak, Marc (Fall 2007). 181:, the jurisdiction where 124: 1336:M-Sport World Rally Team 1219:Michigan Central Station 986:Premier Automotive Group 162:in the interests of its 3101:Michigan state case law 1581:Journey (Latin America) 1380:Dodge v. Ford Motor Co. 1213:Detroit Corktown campus 981:New Holland Agriculture 147:Dodge v. Ford Motor Co. 35:Dodge v. Ford Motor Co. 579:"The Ford Squeeze-Out" 558:Cite journal requires 370: 350: 336:business judgment rule 327: 317:Dodge v. Ford Motor Co 296:Dodge Brothers Company 272: 220: 202: 172:business judgment rule 152:Michigan Supreme Court 2311:V/W-Series (military) 2200:Town Panel/Town Wagon 1304:William Clay Ford Jr. 1058:AutoAlliance Thailand 421: (Mich 1919). 197: 3037:Stellantis platforms 1307:(Executive Chairman) 996:Special Vehicle Team 821:Changan Ford (China) 535:10.2139/ssrn.2916960 419:204 Mich 459 258:Russell C. Ostrander 93:Russell C. Ostrander 3032:Stellantis vehicles 3027:Stellantis Heritage 2705:Regional operations 1224:Roosevelt Warehouse 583:New York University 396:Shareholder primacy 379:Benefit corporation 168:shareholder primacy 158:had to operate the 3096:Ford Motor Company 2472:Chrysler Group LLC 2336:Horace Elgin Dodge 2331:John Francis Dodge 1208:World Headquarters 1135:Changan Ford Mazda 1122:(Argentina/Brazil) 1034:Joint ventures and 654:Ford Motor Company 444:UCLA School of Law 237:Horace Elgin Dodge 233:John Francis Dodge 207:Ford Motor Company 203: 160:Ford Motor Company 3073: 3072: 2911:Pomigliano d'Arco 2419: 2418: 2319: 2318: 2113: 2112: 2074:Challenger (2008) 1589: 1588: 1473: 1472: 1432:Pay on production 1194: 1193: 1029: 1028: 954:Hertz Corporation 788: 787: 529:. Rochester, NY. 347:M. Todd Henderson 281:Shareholder value 143: 142: 135:directors' duties 77:Flavius L. Brooke 16:(Redirected from 3113: 3086:1919 in Michigan 3063: 3062: 3053: 3052: 2956:Toledo Machining 2941:Sterling Heights 2513: 2512: 2446: 2439: 2432: 2423: 2412: 2407: 2402: 2389: 2388: 2379: 2378: 2361:Concept vehicles 2356:List of vehicles 1622: 1615: 1597: 1596: 1531: 1500: 1493: 1486: 1477: 1463: 1462: 1453: 1452: 1351:World Rally Team 1316: 1308: 1300: 1187: 1179: 1171: 1163: 1155: 1147: 1139: 1131: 1123: 1115: 1096: 1092:Jiangling Motors 1088: 1080: 1067: 1054: 1040: 806: 796: 781: 773: 765: 757: 749: 741: 733: 725: 717: 709: 667: 647: 640: 633: 624: 618: 617: 601: 595: 594: 574: 568: 567: 561: 556: 554: 546: 522: 516: 515: 513: 511: 496: 490: 489: 465: 456: 455: 431: 422: 416: 401:US corporate law 368: 348: 325: 97:Joseph H. Steere 63:Court membership 32: 21: 3121: 3120: 3116: 3115: 3114: 3112: 3111: 3110: 3076: 3075: 3074: 3069: 3041: 3005: 2763: 2757: 2700: 2633: 2627: 2537: 2514: 2510: 2505: 2489:Chrysler Europe 2455: 2450: 2420: 2415: 2410: 2405: 2398: 2395: 2367: 2315: 2204: 2155: 2146: 2109: 2093: 2052: 1991: 1925: 1882:Colt Challenger 1833: 1792:Charger Daytona 1765: 1709: 1673: 1652: 1636: 1609: 1606: 1604: 1598: 1594: 1585: 1557: 1526: 1520: 1509: 1504: 1474: 1469: 1441: 1362: 1324: 1320:List of leaders 1314: 1306: 1298: 1272: 1258:Proving grounds 1200: 1190: 1185: 1177: 1169: 1161: 1153: 1145: 1137: 1129: 1121: 1113: 1099: 1094: 1086: 1078: 1065: 1052: 1035: 1025: 964:Daimler Company 907: 903:Southern Africa 797: 784: 779: 771: 763: 755: 747: 739: 731: 723: 715: 707: 693: 662: 656: 651: 621: 603: 602: 598: 576: 575: 571: 557: 547: 524: 523: 519: 509: 507: 498: 497: 493: 467: 466: 459: 433: 432: 425: 417: 413: 409: 375: 369: 366: 349: 346: 326: 323: 287: 277: 248: 192: 139: 89:Joseph B. Moore 28: 23: 22: 15: 12: 11: 5: 3119: 3117: 3109: 3108: 3103: 3098: 3093: 3088: 3078: 3077: 3071: 3070: 3068: 3067: 3057: 3046: 3043: 3042: 3040: 3039: 3034: 3029: 3024: 3019: 3013: 3011: 3010:Related topics 3007: 3006: 3004: 3003: 2998: 2997: 2996: 2994:Truck Assembly 2991: 2983: 2978: 2973: 2968: 2963: 2958: 2953: 2951:Toledo Complex 2948: 2943: 2938: 2933: 2928: 2923: 2918: 2913: 2908: 2903: 2898: 2897: 2896: 2888: 2883: 2878: 2873: 2868: 2867: 2866: 2861: 2853: 2848: 2843: 2838: 2833: 2828: 2826:Ellesmere Port 2823: 2818: 2813: 2812: 2811: 2806: 2798: 2793: 2788: 2783: 2778: 2773: 2767: 2765: 2759: 2758: 2756: 2755: 2749: 2744: 2739: 2734: 2729: 2724: 2719: 2714: 2708: 2706: 2702: 2701: 2699: 2698: 2693: 2687: 2681: 2676: 2671: 2666: 2661: 2655: 2649: 2643: 2637: 2635: 2634:joint ventures 2632:Subsidiaries / 2629: 2628: 2626: 2625: 2620: 2615: 2614: 2613: 2603: 2598: 2593: 2588: 2587: 2586: 2581: 2571: 2566: 2561: 2556: 2551: 2545: 2543: 2539: 2538: 2536: 2535: 2532:Carlos Tavares 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191: 188: 141: 140: 138: 137: 132: 129: 125: 122: 121: 117: 116: 113: 109: 108: 104: 103: 71:Chief Justice 69: 68:Judges sitting 65: 64: 60: 59: 56: 52: 51: 46: 45:Full case name 42: 41: 37: 36: 26: 24: 14: 13: 10: 9: 6: 4: 3: 2: 3118: 3107: 3104: 3102: 3099: 3097: 3094: 3092: 3089: 3087: 3084: 3083: 3081: 3066: 3058: 3056: 3048: 3047: 3044: 3038: 3035: 3033: 3030: 3028: 3025: 3023: 3020: 3018: 3015: 3014: 3012: 3008: 3002: 2999: 2995: 2992: 2990: 2987: 2986: 2984: 2982: 2979: 2977: 2974: 2972: 2969: 2967: 2964: 2962: 2959: 2957: 2954: 2952: 2949: 2947: 2946:Szentgotthárd 2944: 2942: 2939: 2937: 2934: 2932: 2929: 2927: 2924: 2922: 2919: 2917: 2914: 2912: 2909: 2907: 2904: 2902: 2899: 2895: 2892: 2891: 2889: 2887: 2884: 2882: 2879: 2877: 2874: 2872: 2869: 2865: 2862: 2860: 2857: 2856: 2854: 2852: 2849: 2847: 2844: 2842: 2839: 2837: 2834: 2832: 2829: 2827: 2824: 2822: 2819: 2817: 2814: 2810: 2807: 2805: 2802: 2801: 2799: 2797: 2794: 2792: 2789: 2787: 2784: 2782: 2779: 2777: 2774: 2772: 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Ford 2349: 2347: 2344: 2342: 2339: 2337: 2334: 2332: 2329: 2328: 2326: 2322: 2312: 2309: 2307: 2304: 2302: 2299: 2297: 2294: 2292: 2289: 2287: 2284: 2282: 2279: 2277: 2274: 2272: 2269: 2267: 2264: 2262: 2259: 2257: 2254: 2252: 2249: 2247: 2244: 2242: 2239: 2237: 2234: 2232: 2229: 2227: 2224: 2222: 2219: 2217: 2214: 2213: 2211: 2207: 2201: 2198: 2196: 2193: 2191: 2188: 2186: 2183: 2181: 2178: 2176: 2175:Grand Caravan 2173: 2171: 2168: 2166: 2163: 2162: 2160: 2158: 2153: 2149: 2143: 2140: 2138: 2135: 2133: 2130: 2128: 2125: 2124: 2122: 2120: 2116: 2106: 2103: 2102: 2100: 2096: 2090: 2087: 2085: 2082: 2080: 2077: 2075: 2072: 2070: 2067: 2065: 2062: 2061: 2059: 2055: 2049: 2046: 2044: 2041: 2039: 2036: 2034: 2031: 2029: 2026: 2024: 2021: 2019: 2016: 2014: 2011: 2009: 2006: 2004: 2001: 2000: 1998: 1994: 1988: 1985: 1983: 1980: 1978: 1975: 1973: 1970: 1968: 1965: 1963: 1960: 1958: 1955: 1953: 1950: 1948: 1945: 1943: 1940: 1938: 1935: 1934: 1932: 1928: 1922: 1919: 1917: 1914: 1910: 1907: 1906: 1905: 1902: 1900: 1897: 1895: 1892: 1890: 1887: 1883: 1880: 1879: 1878: 1875: 1871: 1868: 1867: 1866: 1863: 1861: 1858: 1856: 1853: 1851: 1848: 1846: 1843: 1842: 1840: 1836: 1830: 1827: 1825: 1822: 1820: 1817: 1815: 1812: 1810: 1807: 1805: 1802: 1800: 1797: 1793: 1790: 1789: 1788: 1785: 1783: 1780: 1778: 1775: 1774: 1772: 1768: 1762: 1759: 1757: 1754: 1752: 1749: 1747: 1744: 1742: 1739: 1737: 1734: 1732: 1729: 1727: 1724: 1722: 1719: 1718: 1716: 1712: 1706: 1703: 1701: 1698: 1696: 1693: 1691: 1688: 1686: 1683: 1682: 1680: 1676: 1670: 1667: 1665: 1662: 1661: 1659: 1655: 1649: 1646: 1645: 1643: 1639: 1633: 1630: 1629: 1627: 1623: 1620: 1616: 1613: 1611: 1610:introduction) 1601: 1582: 1579: 1577: 1574: 1572: 1569: 1568: 1566: 1564: 1560: 1552: 1549: 1548: 1547: 1544: 1542: 1539: 1538: 1536: 1532: 1529: 1523: 1518: 1512: 1508: 1501: 1496: 1494: 1489: 1487: 1482: 1481: 1478: 1466: 1458: 1456: 1448: 1447: 1444: 1438: 1435: 1433: 1430: 1428: 1425: 1423: 1420: 1418: 1415: 1413: 1412: 1408: 1406: 1405: 1404:The Ford Show 1401: 1399: 1396: 1394: 1391: 1389: 1388: 1384: 1382: 1381: 1377: 1375: 1372: 1371: 1369: 1365: 1357: 1354: 1353: 1352: 1349: 1347: 1344: 1342: 1339: 1337: 1334: 1333: 1331: 1327: 1321: 1318: 1313: 1310: 1305: 1302: 1297: 1294: 1292: 1289: 1287: 1284: 1283: 1281: 1279: 1275: 1269: 1266: 1264: 1263:Transmissions 1261: 1259: 1256: 1254: 1251: 1247: 1244: 1243: 1242: 1239: 1237: 1234: 1232: 1229: 1225: 1222: 1220: 1217: 1216: 1214: 1211: 1209: 1206: 1205: 1203: 1197: 1184: 1181: 1176: 1173: 1168: 1165: 1160: 1157: 1152: 1149: 1144: 1141: 1136: 1133: 1128: 1125: 1120: 1117: 1112: 1109: 1108: 1106: 1102: 1093: 1090: 1085: 1082: 1077: 1074: 1072: 1069: 1064: 1061: 1059: 1056: 1051: 1048: 1047: 1045: 1041: 1038: 1036:shareholdings 1032: 1022: 1019: 1017: 1014: 1012: 1009: 1007: 1004: 1002: 999: 997: 994: 992: 989: 987: 984: 982: 979: 977: 974: 972: 969: 965: 962: 961: 960: 957: 955: 952: 950: 947: 945: 942: 940: 937: 935: 932: 930: 927: 925: 922: 920: 917: 916: 914: 910: 904: 901: 899: 896: 894: 891: 889: 886: 882: 879: 877: 874: 872: 869: 867: 864: 862: 859: 857: 854: 853: 852: 849: 847: 844: 842: 839: 837: 834: 832: 829: 827: 824: 822: 819: 817: 814: 813: 811: 807: 804: 800: 795: 778: 775: 770: 767: 762: 759: 754: 751: 746: 743: 738: 735: 730: 727: 722: 719: 714: 711: 706: 703: 702: 700: 696: 690: 687: 683: 680: 679: 678: 675: 674: 672: 668: 665: 659: 655: 648: 643: 641: 636: 634: 629: 628: 625: 615: 611: 609: 608:Dodge v. Ford 600: 597: 592: 588: 584: 580: 573: 570: 565: 552: 544: 540: 536: 532: 528: 521: 518: 506: 502: 495: 492: 487: 483: 479: 475: 473: 464: 462: 458: 453: 449: 445: 441: 439: 438:Dodge v. Ford 430: 428: 424: 420: 415: 412: 406: 402: 399: 397: 394: 392: 391: 387: 385: 382: 380: 377: 376: 372: 363: 358: 356: 355:Dodge v. Ford 343: 341: 337: 332: 320: 318: 311: 307: 305: 299: 297: 292: 286: 282: 274: 271: 266: 264: 259: 255: 254: 245: 243: 240: 238: 234: 230: 226: 219: 214: 212: 208: 205:By 1916, the 201: 196: 189: 187: 184: 180: 175: 173: 169: 165: 161: 157: 153: 149: 148: 136: 133: 130: 127: 126: 123: 118: 114: 110: 107:Case opinions 105: 102: 101:John W. Stone 98: 94: 90: 86: 85:Frank C. Kuhn 82: 81:Grant Fellows 78: 74: 70: 66: 61: 57: 53: 50: 47: 43: 38: 33: 30: 19: 2864:Transmission 2791:Buenos Aires 2584:Professional 2460:Predecessors 2399: 2350: 2306:T/V/W-Series 2226:100 Commando 2180:Mini Ram Van 1726:Custom Royal 1607: 1409: 1402: 1385: 1379: 1378: 1329:Racing teams 1143:Ford Sollers 1084:Ford Vietnam 1063:Changan Ford 919:Aston Martin 802:Subsidiaries 698:Discontinued 613: 607: 599: 572: 551:cite journal 520: 508:. Retrieved 504: 494: 471: 437: 414: 388: 360: 354: 351: 339: 330: 329: 316: 313: 308: 300: 288: 275:Significance 268: 253:obiter dicta 251: 249: 241: 225:shareholders 221: 216: 204: 200:Ford Model T 176: 164:shareholders 146: 145: 144: 131:shareholders 128:Stakeholders 73:John E. Bird 48: 40:Decided 1919 29: 2921:RĂĽsselsheim 2831:Figueruelas 2526:John Elkann 2477:Fiat S.p.A. 2296:Power Wagon 2266:D-50/Ram 50 1845:1500 / 1800 1700:Meadowbrook 1608:(by date of 1341:Performance 1291:Ford Family 1215:properties 1076:Ford Otosan 1071:Ford Lio Ho 893:Philippines 888:New Zealand 748:(1938–2011) 713:Continental 285:Squeeze out 112:Decision by 75:, Justices 55:Citation(s) 3080:Categories 2916:Porto Real 2871:Kragujevac 2549:Alfa Romeo 2528:(chairman) 2519:Leadership 2453:Stellantis 2346:Ram pickup 2286:LCF Series 2142:Ramcharger 1957:Colt Vista 1894:Arrow/Colt 1865:Challenger 1799:Custom 880 1731:1955 Dodge 1519:since 1928 1398:Ford Field 1393:Fordlândia 1312:Jim Farley 1296:Henry Ford 1241:Motorcraft 1151:Ford Union 1119:AutoLatina 976:Land Rover 949:Ford Japan 944:Ford India 898:Quick Lane 661:Divisions/ 324:Lynn Stout 291:Henry Ford 279:See also: 263:spoliation 156:Henry Ford 154:held that 2894:Mirafiori 2886:Mangualde 2804:Jefferson 2781:Belvidere 2764:locations 2717:Australia 2712:Argentina 2696:VM Motori 2679:Share Now 2658:Leapmotor 2484:PSA Group 2216:50 series 2105:Dart (PF) 1921:St. Regis 1829:Super Bee 1669:D8/D9/D10 1648:Fast Four 1374:Big Three 1299:(Founder) 1286:Designers 1253:Platforms 1236:Factories 1154:(Belarus) 831:Argentina 826:Australia 780:(1939–65) 772:(1946–61) 764:(1949–76) 756:(1985–89) 737:Frontenac 732:(1917–64) 724:(1956–59) 716:(1956–59) 708:(1960–61) 407:Citations 250:Notably, 229:dividends 218:business. 115:Ostrander 3055:Category 2989:Stamping 2931:Saltillo 2901:Mulhouse 2821:Eisenach 2800:Detroit 2786:Brampton 2646:FCA Bank 2611:Vauxhall 2601:Maserati 2554:Chrysler 2381:Category 2291:M Series 2261:D Series 2256:C Series 2251:B Series 2195:Sprinter 2190:SpaceVan 2157:Minivans 2023:Intrepid 2003:Attitude 1962:Conquest 1909:Omni 024 1889:Diplomat 1761:Viscount 1736:La Femme 1721:Crusader 1705:Wayfarer 1695:Kingsway 1664:D5/D6/D7 1541:Attitude 1517:Chrysler 1455:Category 1427:New Edge 1356:Munchi's 1268:Vehicles 1201:products 1186:(Brazil) 1170:(France) 1146:(Russia) 971:Kwik-Fit 929:Cosworth 373:See also 365:—  345:—  322:—  246:Judgment 179:Delaware 120:Keywords 3065:Commons 3001:Windsor 2985:Warren 2966:Trenton 2936:Sochaux 2859:Casting 2855:Kokomo 2851:Kenitra 2846:Indiana 2841:Hordain 2836:Gliwice 2796:Cassino 2762:Factory 2737:Ireland 2618:Peugeot 2559:CitroĂ«n 2542:Marques 2499:Peugeot 2494:CitroĂ«n 2391:Commons 2301:Rampage 2221:100 Kew 2170:Caravan 2127:Journey 2069:Caliber 2038:Stratus 2033:Stealth 2013:Avenger 1972:Dynasty 1967:Daytona 1819:Phoenix 1809:Matador 1787:Charger 1746:Mayfair 1685:Coronet 1571:Durango 1546:Charger 1525:Current 1465:Commons 1417:History 1346:Team RS 1231:Engines 1183:Troller 1167:Matford 1138:(China) 1130:(49.9%) 1111:Argo AI 1043:Current 1016:Visteon 1011:Troller 924:Chariot 876:Romania 866:Ireland 861:Germany 809:Current 769:Monarch 745:Mercury 729:Fordson 689:Lincoln 670:Current 663:marques 591:1011924 543:2916960 510:May 27, 486:1070284 452:1013744 211:Model T 2971:Trnava 2961:Toluca 2926:Rennes 2906:Poissy 2890:Turin 2881:Madrid 2816:Dundee 2776:Atessa 2771:Aspern 2752:Serbia 2747:Poland 2727:Europe 2722:Canada 2684:Teksid 2596:Lancia 2579:Abarth 2400:Notes: 2341:Travco 2271:Dakota 2209:Trucks 2137:Raider 1987:Spirit 1982:Shadow 1977:Mirada 1899:Magnum 1850:Alpine 1824:Polara 1814:Monaco 1751:Regent 1741:Lancer 1690:Custom 1605:models 1603:Former 1576:Hornet 1527:models 1278:People 1246:Mercon 1175:Samcor 1104:Former 959:Jaguar 912:Former 871:Italia 856:France 851:Europe 846:Credit 841:Canada 836:Brazil 777:Thames 761:Meteor 753:Merkur 740:(1960) 682:Raptor 589:  541:  484:  450:  2976:Tychy 2876:Luton 2754:(67%) 2732:India 2692:(38%) 2690:TofaĹź 2686:(85%) 2674:Sevel 2664:Mopar 2660:(20%) 2654:(50%) 2648:(50%) 2641:Comau 2564:Dodge 2534:(CEO) 2281:Husky 2276:H-100 2132:Nitro 2098:2010s 2089:Trazo 2064:Brisa 2057:2000s 2048:Viper 2043:Verna 2018:Forza 1996:1990s 1947:Aries 1930:1980s 1860:Aspen 1855:Arrow 1838:1970s 1770:1960s 1756:Royal 1714:1950s 1678:1940s 1657:1930s 1641:1920s 1632:30-35 1625:1910s 1507:Dodge 1315:(CEO) 1162:(50%) 1114:(42%) 1095:(32%) 1087:(60%) 1079:(41%) 1066:(50%) 1053:(50%) 1021:Volvo 1006:Th!nk 721:Edsel 705:Comet 340:Dodge 331:Dodge 304:board 190:Facts 2981:Vigo 2809:Mack 2669:PCMA 2652:IKAP 2606:Opel 2591:Jeep 2574:Fiat 2246:A100 2241:1000 2165:1000 2152:Vans 2119:SUVs 2028:Neon 2008:Atos 1904:Omni 1877:Colt 1870:1970 1804:Dart 1618:Cars 1563:SUVs 1551:2024 1534:Cars 1001:Spin 677:Ford 587:SSRN 564:help 539:SSRN 512:2022 482:SSRN 448:SSRN 283:and 235:and 2623:Ram 2236:500 2231:300 2084:i10 1942:600 1937:400 1782:440 1777:330 939:FPV 531:doi 3082:: 2569:DS 1916:SE 612:. 585:. 555:: 553:}} 549:{{ 537:. 503:. 480:. 460:^ 446:. 426:^ 298:. 198:A 99:, 95:, 91:, 87:, 83:, 79:, 2445:e 2438:t 2431:v 2154:/ 1499:e 1492:t 1485:v 646:e 639:t 632:v 616:. 610:" 593:. 566:) 562:( 545:. 533:: 514:. 488:. 474:" 454:. 440:" 319:. 20:)

Index

Dodge v. Ford Motor Company
John E. Bird
Flavius L. Brooke
Grant Fellows
Frank C. Kuhn
Joseph B. Moore
Russell C. Ostrander
Joseph H. Steere
John W. Stone
directors' duties
Michigan Supreme Court
Henry Ford
Ford Motor Company
shareholders
shareholder primacy
business judgment rule
Delaware
over half of all U.S. public companies are domiciled

Ford Model T
Ford Motor Company
Model T
shareholders
dividends
John Francis Dodge
Horace Elgin Dodge
obiter dicta
Russell C. Ostrander
spoliation
Shareholder value

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