DODGES SUE HENRY FORD.
|Topics: Horace Dodge, John F. Dodge, Ford Motor Company, Henry Ford
The New York Times
November 3, 1916
Stockholders Object to "Reckless Expenditures" of Company's Assets.
DETROIT, Nov. 2.—John F. and Horace Dodge, automobile manufacturers and stockholders in the Ford Motor Company, obtained a temporary injunction in the Circuit Court here today, restraining Henry Ford from using the assets of the Ford Motor Company to extend the business as planned, instead of distributing profits as dividends.
In their application to the court, the Dodge brothers allege that increased labor costs and unstable business conditions, coming at the end of the war, make "reckless expenditures of the company's assets unwise."
The company's annual statement, issued recently, showed profits of several million dollars which, it was announced, would be put back into the business.
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