Re: Henry Ford on PBS
They left a lot out. One reason for the building of the Rouge plant was that suppliers couldn't keep up with the demands of production, so Ford made his own steel, glass and tires. He may have thought that vertical integration was a good idea, too. They did touch on the suit by the Dodge brothers, which affects how corporations are run even today. If we complain about how companies pay more attention to Wall St. that anything else, that is why. Henry wanted to reinvest in the company and the shareholders, including competitors the Dodge Brothers, did not like it. That $20M payout per shareholder was quite a lot of money in those days. Now, too!
I thought that another aspect of that whole gambit was that the "new" company, Henry Ford and Son, made the Fordson tractor, so it was more than an idle threat. Henry was a crafty bugger!
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