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Ford also wanted to lower consumer prices and raise salaries to help people have easier lives. But that was ruled illegal by our "justice" system, because his p
by octopoc 2y ago
Ford also wanted to lower consumer prices and raise salaries to help people have easier lives. But that was ruled illegal by our "justice" system, because his primary duty is apparently to shareholders[1]:
> The Michigan Supreme Court held that Henry Ford could not lower consumer prices and raise employee salaries.
> ...Russell C. Ostrander 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.
[1] https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.
- jonny_eh 2y agoSo he wasn't a supporter of Nazis? I don't follow.