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>That’s not entirely accurate, see Henry Ford suspending shareholder dividends, raising employee wages and lowering price of cars for consumers to fulfill visio
by pytester 7y ago
>That’s not entirely accurate, see Henry Ford suspending shareholder dividends, raising employee wages and lowering price of cars for consumers to fulfill vision of every American family owning a (Ford) car.
It wasn't to fulfill any kind of dream or vision. Ford didn't like his shareholders, quality was getting hammered by high turnover and he had a weird paternalistic desire to exert more control over his employees (as well as to head off the looming strike threat).
- deleted 7y ago[deleted]
- vonmoltke 7y ago> Ford didn't like his shareholders Specifically, he found out the Dodge brothers were planning to use their gains from Ford stock to start a competitor.