Dodge v. Ford Motor Company, 204 Mich. 459, 170 N.W. 668. (Mich. 1919), is a case in which the Michigan Supreme Court held that Henry Ford owed a duty to the shareholders of the Ford Motor Company to operate his business to profit his shareholders, rather than the community as a whole or employees. It is often cited as embodying the principle of "shareholder value" in companies.
For a more recent case, see AP Smith Manufacturing Co v. Barlow 39 ALR 2d 1179 (1953) or Shlensky v. Wrigley, 237 NE 2d 776 (1968) It has not been overruled.
Read more about Dodge V. Ford Motor Company: Facts, Judgment, Significance
Famous quotes containing the words dodge, ford, motor and/or company:
“Perhaps anxious politicians may prove that only seventeen white men and five negroes were concerned in the late enterprise; but their very anxiety to prove this might suggest to themselves that all is not told. Why do they still dodge the truth? They are so anxious because of a dim consciousness of the fact, which they do not distinctly face, that at least a million of the free inhabitants of the United States would have rejoiced if it had succeeded. They at most only criticise the tactics.”
—Henry David Thoreau (1817–1862)
“Obviously, it’s a great privilege and pleasure to be here at the Yale Law School Sesquicentennial Convocation. And I defy anyone to say that and chew gum at the same time.”
—Gerald R. Ford (b. 1913)
“We disparage reason.
But all the time it’s what we’re most concerned with.
There’s will as motor and there’s will as brakes.
Reason is, I suppose, the steering gear.”
—Robert Frost (1874–1963)
“The old idea that the joke was not good enough for the company has been superseded by the new aristocratic idea that the company was not worthy of the joke. They have introduced an almost insane individualism into that one form of intercourse which is specially and uproariously communal. They have made even levities into secrets. They have made laughter lonelier than tears.”
—Gilbert Keith Chesterton (1874–1936)