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Ford was never going to take the bailout: GM and Chrysler were prohibited from paying dividends, while the Ford family receives income from FoMoCo stock.
by coredog64 4y ago
Ford was never going to take the bailout: GM and Chrysler were prohibited from paying dividends, while the Ford family receives income from FoMoCo stock.
- Animats 4y agoIt was more than that. GM went bankrupt and wiped out all the stockholders' equity. If Ford did that, it would have ended the two-tier stock structure that gives the Ford family control.