This court decision FOREVER changed corporate life.
Автор: Layfolk
Загружено: 2025-09-06
Просмотров: 1422
Описание:
In 1919, a case came that still shapes the way that corporations think and shapes the lives of almost half of the American workforce: Dodge versus the Ford Motor Company.
Henry Ford had a very revolutionary idea at the time Instead of paying out dividends to shareholders he wanted to take those profits and reinvest it into workers' wages and cut the price of cars so that more families could afford them The Dodge Brothers who were shareholders in the Ford Company sued him and the Michigan Supreme Court ruled in their favor.
The court decided that you corporations can not prioritize workers or consumers over shareholders, and that it exists primarily to maximize shareholder profit.
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