Inflation here? gas/grocery prices just continue to climb

Henry Ford was sued by his shareholders over his plan to use corporate profits to increase production and raise wages without passing costs to the buyers because he thought it was patriotic.

The shareholders won and the Michigan Supreme Court ruled that Ford's plan to use corporate surplus in such a manner violated the company's duty to shareholders.

Ford could have argued that allowing more consumers to buy cars (in the mid- 1910s) would mean greater future sales because many of these buyers didn't own cars at all yet and would be hooked on Ford for future purchases . . . but he didn't. He believed in the principle of that matter, but his principles were inconsistent with profit-making and distributing.

In other words, that quote is at substantial odds with the US model of corporate moneymaking.



https://en.wikipedia.org/wiki/Dodge_v._Ford_Motor_Co.




TIL…. Seriously, i must have missed that particular History class at MHS :hihi: .. very enlightening story to help illuminate where we find ourselves today in corporate America .