
The family of
Henry Ford
Henry Ford (July 30, 1863 – April 7, 1947) was an American Technological and industrial history of the United States, industrialist, business magnate, founder of the Ford Motor Company, and chief developer of the assembly line technique of ...
is an American family from the U.S. state of
Michigan
Michigan () is a U.S. state, state in the Great Lakes region, Great Lakes region of the Upper Midwest, upper Midwestern United States. With a population of nearly 10.12 million and an area of nearly , Michigan is the List of U.S. states and ...
, best known for their control of the
Ford Motor Company
Ford Motor Company (commonly known as Ford) is an American multinational automobile manufacturer headquartered in Dearborn, Michigan, United States. It was founded by Henry Ford and incorporated on June 16, 1903. The company sells automobiles ...
automobile manufacturer, which was founded by Henry Ford in the early-twentieth century. Henry's grandson
William Clay Ford Sr. and his family have controlled the
Detroit Lions
The Detroit Lions are a professional American football team based in Detroit. The Lions compete in the National Football League (NFL) as a member of the National Football Conference (NFC) North Division. The team play their home games at For ...
franchise of the
National Football League
The National Football League (NFL) is a professional American football league that consists of 32 teams, divided equally between the American Football Conference (AFC) and the National Football Conference (NFC). The NFL is one of the ma ...
since late 1963. The Ford family are members of the
Episcopal Church.
Although the Ford family's ownership stake in the automaker had declined to less than 50% of the company's equity , the family retained operational control through a special
class of stock that was established early in the company's history and retained when the company made its
initial public offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investme ...
in 1956.
The family owns all of the company's
Class B shares, which are collectively entitled to elect 40% of the company's
board of directors, with the remaining 60% elected by the holders of the company's publicly traded
common stock
Common stock is a form of corporate equity ownership, a type of security. The terms voting share and ordinary share are also used frequently outside of the United States. They are known as equity shares or ordinary shares in the UK and other Com ...
.
References
Further reading
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External links
Ford Family TreeHenry Ford II Biography on IMDB
{{DEFAULTSORT:Ford, Henry, Family Tree
Family trees
Episcopalian families