Ford Needs To Replace Chairman, Revamp Board

Ford Needs To Replace Chairman, Revamp Board Larry W. Smith / Getty Images News via Getty Images Ford Motor Company, founded by Henry Ford in 1903, continues to be controlled by the Ford family, which holds 40% of the shareholder voting power via Class B shares. William Clay Ford Jr., the chairman or executive chairman since 1999, runs the company. Ford’s non-family board members have a fiduciary duty to the balance of the company’s shareholders, which they have failed to discharge. Ford’s results have be ...