That case probably (it's been a while since I checked) still shows up in most business law casebooks, but it doesn't really help much in understanding modern ju

That case probably (it's been a while since I checked) still shows up in most business law casebooks, but it doesn't really help much in understanding modern judicial thinking about the role of "profit motivation" in corporate decision-making. Here's the abstract from a fairly recent paper in the principal journal of the ABA's Business Law Section in which the case and its relevance today was discussed in detail: This article examines Dodge v. Ford on its 100th anniversary. In Dodge v. Ford, the Michigan Supreme Court held that a business corporation is organized for the profit of its shareholders, and the directors must operate it in service to that end. Despite the fact that Dodge v. Ford is rarely cited in judicial opinions, the case continues to spark controversy in legal scholarship. There is little justification for this scholarly attention because the factual basis is little more than a caricature of Henry Ford, and subsequent developments in corporate law have all but eviscerated the precedential value of the case. Rather, the legacy of Dodge v. Ford may simply be that it serves as a convenient talisman, standing for the one sentence anyone actually cares about and rolled out with each new battle in the war between shareholder profit maximization and corporate social responsibility. Michael J. Vargas, Dodge v. Ford Motor Co. at 100: The Enduring Legacy of Corporate Law’s Most Controversial Case, The Business Lawyer, Vol. 75, p. 2103 (2020).