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Dodge v. Ford Motor Co., 204 Mich 459; 170 NW 668 (1919), [1] is a case in which the Michigan Supreme Court held that Henry Ford had to operate the Ford Motor Company in the interests of its shareholders, rather than in a manner for the benefit of his employees or customers.
For ten years (1903–1913), the Dodge brothers' business was a Ford Motor Company supplier, and Dodge worked as vice president of the Ford company. [3] He left Ford in 1913, and in 1914 he and Horace formed Dodge Brothers to develop their own line of automobiles. They began building motor trucks for the United States military during the arms ...
Dodge Brothers Mausoleum. In 1919, Henry Ford bought out the Dodge brothers' shareholdings in Ford Motor Company for $25 million. In January 1920, Horace's brother, John, died during the influenza epidemic. [9] He was interred in the family's Egyptian-style mausoleum in Detroit's Woodlawn Cemetery guarded by two Sphinx statues. [10]
Henry Ford with Thomas Edison and Harvey S. Firestone. Fort Myers, Florida, February 11, 1929. In response, Malcomson brought in another group of investors and convinced the Dodge brothers to accept a portion of the new company. [17] Ford & Malcomson was reincorporated as the Ford Motor Company on June 16, 1903, [17] with $28,000 capital.
The Dodge brothers each received 10% of the shares in the new company in return for materials provided. [3] Both Malcomson and Gray had larger businesses to run than Ford Motor Co. To keep Henry Ford in check, Malcomson installed his clerk James Couzens (also a shareholder) at Ford Motor in a full-time position.
The Dodge brothers, John Francis Dodge and Horace Elgin Dodge, the largest non-family shareholders, with 10% of the company, objected and took Ford to court in 1917 in an often cited case, Dodge v. Ford Motor Company. [21] The judge found in their favor requiring a $19million special dividend.
In addition to Ford, Anderson, and Rackham, seven other people were awarded stock in the company, including Malcomson, James J. Couzens (future mayor of Detroit and Michigan Senator) and John Francis Dodge and Horace Elgin Dodge (who later founded the Dodge Brothers Motor Vehicle Company). [6]
The Ford Model C is an automobile that was produced by Ford Motor Company. Introduced in late 1904, the Model C was Ford's lower priced 1905 model. The first sales were in October 1904, with most sold during the 1905 calendar year. Horace Dodge made major changes to the design of the engine, rear axle and other parts of the car. [1]