bigkid posted:Not to mention they were the only of the big three who didn't need to be bailed out by the government in 2008..so not necessarily bad management.
IIRC the reason Ford didn't take the bailout was the Ford family owns special Class B shares which make up about 6% or so of the company total stock yet have 40% of the voting rights and that would have been lost. There was a financial article some time ago talking about how the current generation of cousins were pooling their funds to buy any Class B shares others sold to maintain their control of the company. Believe Comcast has the same stock/voting rights situation. Ford sold Aston Martin, Jaguar, Land Rover, Volvo, etc for pennies on the dollar to raise money rather than lose control. It is a nice civic move though we will have to see if it turns out to be a good move financially for the other stockholders.
