Excellent video from Wheelhouse on YouTube on the early Detroit rivalry between Henry Ford and the Dodge Brothers Horace and John.
The full story of the case can be found here at Wikipedia
|Dodge v. Ford Motor Company|
|Court||Michigan Supreme Court|
|Full case name||John F. Dodge and Horace E. Dodge v. Ford Motor Company et al|
|Decided||February 7, 1919|
|Citation(s)||204 Mich. 459, 170 N.W. 668 (Mich. 1919)|
|Judges sitting||Chief Justice John E. Bird, Justices Flavius L. Brooke, Grant Fellows, Frank C. Kuhn, Joseph B. Moore, Russell C. Ostrander, Joseph H. Steere, John W. Stone|
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 had to operate the Ford Motor Company in the interests of its shareholders, rather than in a charitable manner for the benefit of his employees or customers. It is often cited as affirming the principle of “shareholder primacy” in corporate America. At the same time, the case affirmed the business judgment rule, leaving Ford an extremely wide latitude about how to run the company.