Ford’s culture edge
Wednesday, June 24th, 2009 | Uncategorized
I recently wrote about GM’s failure of product vision, and its even deeper failure of corporate culture.
In contrast is Ford Motor Company, which, while suffering, is managing to get by without government bailout money.
What’s so different about their culture? A group of prominent shareholders who passionately care about the company, the descendents of Henry Ford:
The Ford family members own a special class of stock that gives them 40 percent voting control.
“I feel this is one of Ford’s greatest assets, and one that G.M. has never had,” said David L. Lewis, a business historian at the University of Michigan. “The family has been an oasis of stability through the years.”
1 Comment to Ford’s culture edge
Interesting contrast between ford and gm.
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August 14, 2009