Latest / Family Business Stories with Fexingo: Succession, Legacy, and Multi-Generational Companies
How the Ford Family Kept Control for 120 Years
The Ford family has controlled the company Henry Ford founded in 1903 for over a century, despite holding only a small percentage of total equity. In this episode, Lucas and Luna break down the specific governance structure Ford Motor Company uses—the Class B stock system—that gives the family 40 percent voting power with just 2 percent of the equity. They trace the origins of this dual-class structure back to the 1956 IPO, when the family needed to raise capital but refused to give up control. They walk through the near-disaster of the 1990s when the family briefly lost control to outside…
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