[opo]

>Basically, in 1919, Henry Ford sought to reinvest the Ford Motor Company’s profits into raising employee wages

I don't actually see any reference in the wikipedia article that Ford was saying he wanted to use the dividend money to raise wages:

>...Henry Ford, sought to end special dividends for shareholders in favor of massive investments in new plants that would enable Ford to dramatically increase production, and the number of people employed at his plants, while continuing to cut the costs and prices of his cars.

And as usual in these cases, there are other unstated reasons that might actually be more important to the decision maker:

>...Ford was also motivated by a desire to squeeze out his minority shareholders, especially the Dodge brothers, whom he suspected (correctly) of using their Ford dividends to build a rival car company. By cutting off their dividends, Ford hoped to starve the Dodges of capital to fuel their growth