> Ford's situation is particularly interesting because until Tesla, they were the only major US automaker to never go bankrupt.
If Ford goes bankrupt, the two-tier stock structure that keeps the Ford family in control goes away.
If Ford goes bankrupt, the two-tier stock structure that keeps the Ford family in control goes away.
The shareholders who didn't fight of unionisation like their lives depended on it deserves to get wiped out.
I'm all for treating workers fairly and with respect but who thought it would be a great idea to give an entity with no skin in the game a massive blank check.