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OnlinePoker

(6,030 posts)

23. Henry Ford tried this...the Dodge brothers took it to court and won

Reply to Amishman (Reply #7)

Sat Jun 18, 2022, 12:58 PM

Jun 2022

Michigan supreme court ruled: ... 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.

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

Basically, if you're a company owned by shareholders, there's not much you can do to benefit the employees over shareholders. This is why unions are so important so you can at least try to get profit sharing included in the contract.

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One of America's greatest problems summarized in a chart [View all] True Dough Jun 2022 OP

Kick dalton99a Jun 2022 #1

Thanks enough Jun 2022 #2

What happened in 1980? wryter2000 Jun 2022 #3

bingo nt intrepidity Jun 2022 #4

The beginning of the end for this country. wryter2000 Jun 2022 #6

all these shits owe it to limbaugh and sons - 1500 radio staiotns that echoed limbaugh/rove/heritage certainot Jun 2022 #41

It was more the shift in corporate philosophy Amishman Jun 2022 #7

Make stock buybacks illegal again. Lonestarblue Jun 2022 #18

Agreed. End stock buy back. BettyonRed Jun 2022 #20

Henry Ford tried this...the Dodge brothers took it to court and won OnlinePoker Jun 2022 #23

Costco manages wryter2000 Jun 2022 #24

Thank Milton Friedman TexasBushwhacker Jun 2022 #30

He also said that lawsuits would be used to keep the excesses under control. plimsoll Jun 2022 #31

Reaganomics is the big lie that kicked off the modern era of repub malfeasance...nt Wounded Bear Jun 2022 #8

Reagan proudly promoted greed. Trust_Reality Jun 2022 #32

THIS! THIS! THIS! OMGWTF Jun 2022 #22

Trickle-Down czarjak Jun 2022 #25

"What happened in 1980?" pazzyanne Jun 2022 #33

And "trickle down" economics, which wnylib Jun 2022 #39

I'm sure if we looked at 2014-2022, it would be even worse Poiuyt Jun 2022 #5

Especially the 2017 trump tax breaks...nt Wounded Bear Jun 2022 #10

Reagan Ruined Everything Novara Jun 2022 #9

He sure did! 😬😔😟😠 ShazzieB Jun 2022 #12

Yep. But we've kept his policies for almost 50 years. jimfields33 Jun 2022 #14

'Cause Big Business and the Donor Class likes'em peppertree Jun 2022 #26

Refer to the chart. I agree with you 100%. mjvpi Jun 2022 #38

I've always wondered why Bill Clinton didn't change the tax structure FakeNoose Jun 2022 #28

Post removed Post removed Jun 2022 #36

"We can have democracy in this country, or... FailureToCommunicate Jun 2022 #11

That's a meaningful quote True Dough Jun 2022 #13

Supply-side economic policies--dubbed "Reaganomics" KS Toronado Jun 2022 #15

This subject matter SHOULD be irrefutable True Dough Jun 2022 #17

It's obscene. Tax these greedy b*stards. Joinfortmill Jun 2022 #16

bookmarking--thanks panader0 Jun 2022 #19

I guarantee that half the Republicans looking at that chart would misinterpret it. Lonestarblue Jun 2022 #21

would like to this include post pandemic G_j Jun 2022 #27

Good chart. Martin68 Jun 2022 #29

All of the above ymetca Jun 2022 #34

You are right about Social Security and Medicare True Dough Jun 2022 #35

k & r LAS14 Jun 2022 #37

tinkle down since 1980. pansypoo53219 Jun 2022 #40

Kick and kick! burrowowl Jun 2022 #42

History tells us societies fail when all the wealth is at the top! The Jungle 1 Jun 2022 #43

Fuckin WOW !!! uponit7771 Jun 2022 #44

Almost as if trickle-down is a Big Fat Lie! rizlaplus Jun 2022 #45