The Billionaire Ford/Firestone Family EmpireThe U.S. Ford/Firestone family billionaire members control 40 per cent of the voting stock in the Ford Motor Company (FMC). This allows them to decide on members of the Board of Directors and key executives. Voting and non-voting shares are mostly institutionally owned by imperialist investment cartels such as The Vanguard Group (5.82 per cent) and Evercore Wealth Management (5.58 per cent). William Clay Ford Jr. is executive chairman of FMC. His father was the last surviving grandchild of Henry Ford. His mother is Martha Firestone of the Firestone Tire and Rubber Company that was sold to Bridgestone in 1988 for billions of dollars. FMC has 213,000 employees at 90 plants and facilities worldwide (2008) with a global gross income of $156 billion (2019) and total assets worth $259 billion (2019). For its 2018 fiscal year, FMC listed the following CEO pay ratio data on its annual proxy statement to the Securities and Exchange Commission. Ford CEO James P. Hackett pay for 2018 = $17,752,835; Median U.S. employee pay, including factory and office workers, supervisors and executives for 2018 = $64,316; CEO to employee pay ratio is 276:1. The Ford Motor company employs approximately 8,000 people in Canada at a vehicle assembly plant and two engine manufacturing plants, two parts distribution centres, two research and development sites, and three connectivity and innovation centres. Approximately 18,000 people also work at more than 400 Ford and Ford-Lincoln dealerships across Canada. Three Ford Plants in CanadaThe Oakville Assembly Complex in Oakville, Ontario has 3,550 employees, which with the change to electric vehicle production will decrease to 3,000. The Windsor Engine Plant in Windsor, Ontario has 600 employees and the Essex Engine Plant also in Windsor has 780 employees.
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