Ford Motor Company was incorporated in the State of Michigan in 1903.
Initially, Henry Ford sold stock to employees and others, but decided they were cramping his management style. In about 1920, following an adverse decision of the Supreme Court of Michigan, requiring him to pay dividends to shareholders, Ford caused the company to be reincorporated in Delaware, and essentially froze out the minority shareholders.
From about 1920 to 1956, Ford Motor Company was 100% owned by members of the Ford family. In 1956, a majority of the stock was donated to the Ford Foundation, which then sold its shares to the public. Today, about 40% of the Company's stock is held by members of the family, and about 60% is owned by the public.
· 8 years ago