How Henry Ford's Family Still Controls Ford

It has been a public company since the 1950s, but Ford (NYSE: F  ) is unique among Detroit automakers in that it's still a family business. Chairman Bill Ford is founder Henry Ford's great-grandson, and in recent years he has done an excellent job of setting the company's overall direction.

But many Ford fans and investors don't know that Bill Ford is backed by a very powerful force -- the rest of the Ford family, which to this day still has control thanks to a special class of stock created when Ford first went public.

In this video, Fool contributor John Rosevear explains how the special Ford shares give the Ford family a huge voice in how the automaker is run -- and whether that's a good thing for the rest of Ford's shareholders.

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  • Report this Comment On July 20, 2013, at 6:54 PM, michaelbinCA wrote:

    The Great American, Henry Ford I.

  • Report this Comment On July 21, 2013, at 7:50 AM, lm1b2 wrote:

    Henry Ford is responsible for all the blacks in Detroit,He brought them there to Bust the Unions when they were organizing. So his Family is responsible for these people,and yet they have done nothing for the people of Detroit,except move their Manufacturing Plants out! Let the Ford Family help the people of Detroit LOL!

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