Ford Motor Company has a dual-class stock structure of Class A and Class B shares. The roughly three billion Class A shares are for the general public like you and me, while the roughly 71 million Class B shares are all owned by the Ford family. Each Class A share gets the shareholder one vote, each Class B share is worth 16 votes, the result being that Common Stock holders control about 60 percent of the company while the Ford family controls 40 percent even though it holds far fewer shares. The only way that could ever change would be if the Fords sell their Class B shares, but even so, Class B shares revert to Class A when sold outside the family, so they'd have to sell a whole bunch of them.

A contingent of Class A shareholders think the dual-class system is unfair, and for the past few years a vote's been held during the annual shareholders meeting to end it. It has failed every time, as it just did again during the meeting held this week. A smidge over 33 percent voted to end the dual system, outvoted by the 67 percent who are happy with the way Ford is going - unsurprising in view of a corporate turnaround that will be part of business-class curricula for years to come.

On the sidelines, Ford elected Ellen R. Marram to the post of independent director, the first woman to hold the job. The former Tropicana CEO and 20-year Ford board member replaces retiring board member Irvine Hockaday who helped bring Alan Mulally to the CEO position.


I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.


    • 1 Second Ago
  • 23 Comments
      mbmorrow4
      • 1 Year Ago
      The Ford Family\'s Class B voting power is part of what has kept pirates like Kirkorian and Ichan away. The Fords have a vested interest in long term benefit rather than short term gain. Taking the long view is in the best interest of the majority of shareholders. Bill Ford had the ability to bring Mulally in because he had the family backing him.
      Judyz
      • 1 Year Ago
      It's not like this has been a secret or a recent change. When as a family they decided to take the business public they chose to keep more voting control in family hands. It is a family business after all. Doesn't seem like that bad of a thing. It keeps supposed "activist shareholders" and s$it disturbers from hijacking things.
      Jesus!
      • 1 Year Ago
      I for one am glad it remains the same. I just wish I had the money to invest when their stock was dirt cheap!
      Avinash Machado
      • 1 Year Ago
      Right decision.
      Jonathan Wayne
      • 1 Year Ago
      Hell yeah, I would too.
      Jimmy
      • 1 Year Ago
      I do not think it is fair. The Ford family should step aside. There stock will never reach the highs on the past because of the family interference. I think the B shares should all be converted to 100% Mercury stock! And if they complain let them convert it to Saturn stock.
        Jarda
        • 1 Year Ago
        @Jimmy
        I think you should step aside and give all your savings and also your house to poor people.
          AcidTonic
          • 1 Year Ago
          @Jarda
          We already do.... We could afford much bigger houses if we got the other 30-50% of our pay back. You're talking to us post-concession. We've already done the very thing you imply we haven't yet.
        • 1 Year Ago
        @Jimmy
        [blocked]
      • 1 Year Ago
      [blocked]
      churchmotor
      • 1 Year Ago
      What ever the Ford family needs to do to keep the UAW thugs from getting their hands on those stocks. Chrysler is doomed in the long term, as is GM.
      Teleny411
      • 1 Year Ago
      Too bad they didn't veto the MZkZ styling!
      Diz
      • 1 Year Ago
      Good.
      HerminiaFick
      • 1 Year Ago
      what Ricky responded I'm in shock that some one can profit $8474 in one month on the computer. did you look at this website... up444.cℴm
      Rich
      • 1 Year Ago
      Someone had to drive the company back into the ground when Boeing is gone... funny how that worked out.
    • Load More Comments