Family Feud: Ford Dynasty Questioned by Investors
Ford investors are reportedly irked that Ford Motor Co. seems to be pursuing the dynasty management route by issuing elevated positions to individuals of the correct bloodline. Like it or not, Ford has been a family business for the majority of its existence, but it’s facing new scrutiny after adding 32-year-old Alexandra Ford English to the board of electric truck manufacturer Rivian and making 39-year-old Henry Ford III (great-great grandson of the big dog himself) the face of investor relations.
The Ford family currently holds the largest slice of the corporate pie, thanks to their special class of stock, and 40 percent of the voting rights. But the business faces severe headwinds, hampered by the coronavirus and a share price that’s trended stubbornly downward since 2014. This has prompted concern among longtime shareholders and split opinions on whether or not Ford should continue keeping things within the family.