Ford family (Michigan) explained
The Ford family is an American family from the U.S. state of Michigan. They are best known for their control of the Ford Motor Company automobile manufacturer which was originally founded by Henry Ford in the early twentieth century. Henry's grandson William Clay Ford Sr. and his family have controlled the Detroit Lions franchise of the National Football League since late 1963. The Ford family are also members of the Episcopal Church.[1]
Although the Ford family's ownership stake in the automaker had declined to less than 50% of the company's equity, the family retained operational control through a special class of stock that was established early in the company's history and retained when the company made its initial public offering in 1956.[2] [3] [4] [5] The family owns all of the company's Class B shares, which are collectively entitled to elect 40% of the company's board of directors, with the remaining 60% elected by the holders of the company's publicly traded common stock.
Businesses
The following is a list of companies in which the Ford family have held a controlling or otherwise significant interest.
Further reading
- Book: Wilson, Richard Guy. America's Castles: The Auto Baron Estates. 2000. A&E Television Network.
- Book: Bridenstine, James. Edsel and Eleanor Ford House. 1989. Wayne State University Press. 0-8143-2161-5.
- Book: Lewis, David. The Public Image of Henry Ford: An American Folk Hero and His Company. registration. 1976. Wayne State University Press. 9780814318928.
External links
Notes and References
- Book: W. Williams, Peter. Religion, Art, and Money: Episcopalians and American Culture from the Civil War to the Great Depression. 2016. 9781469626987. 176. University of North Carolina Press. The names of fashionable families who were already Episcopalian, like the Morgans, or those, like the Fricks, who now became so, goes on interminably: Aldrich, Astor, Biddle, Booth, Brown, Du Pont, Firestone, Ford, Gardner, Mellon, Morgan, Procter, the Vanderbilt, Whitney. Episcopalians branches of the Baptist Rockefellers and Jewish Guggenheims even appeared on these family trees..
- Web site: Ford Family's Stake Is Smaller, But They're Richer And Still Firmly In Control. Muller. Joann. Forbes. en. 2020-01-14.
- Web site: Ford Family Shuffles Wealth. Muller. Joann. Forbes. en. 2020-01-14.
- Web site: Examining the shareholder structure of an iconic American company.. Kennon. Joshua. The Balance. en. 2020-01-14.
- Web site: William Clay Ford's Legacy Cemented Family's Dynasty. Muller. Joann. Forbes. en. 2020-01-14.
