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Welcome to SportTrac.Org
Off Topic Discussion
Who Killed Chrysler?
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<blockquote data-quote="Tom Schindler" data-source="post: 860046" data-attributes="member: 56140"><p>I don't agree.</p><p></p><p></p><p></p><p>With an employee owned business, all the employees have a personal vested interest in the success of the company. With a shareholder setup, it is not vested in the success of the company, but the success in the profit. That does not mean as long as the company is making money everything everything is good with the company. CEO's make dumb decisions to improve their bottom line without regard of company welfare.</p><p></p><p></p><p></p><p>That is why companies are in trouble. Short sightedness.</p><p></p><p></p><p></p><p>With a non-profit company, all profits go back into the company, the employees self police each other, and ultimatly, hold upper managment personally responsible for bad decisions.</p><p></p><p></p><p></p><p>I see it as a win-win.</p><p></p><p></p><p></p><p></p><p></p><p>Tom</p></blockquote><p></p>
[QUOTE="Tom Schindler, post: 860046, member: 56140"] I don't agree. With an employee owned business, all the employees have a personal vested interest in the success of the company. With a shareholder setup, it is not vested in the success of the company, but the success in the profit. That does not mean as long as the company is making money everything everything is good with the company. CEO's make dumb decisions to improve their bottom line without regard of company welfare. That is why companies are in trouble. Short sightedness. With a non-profit company, all profits go back into the company, the employees self police each other, and ultimatly, hold upper managment personally responsible for bad decisions. I see it as a win-win. Tom [/QUOTE]
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Off Topic Discussion
Who Killed Chrysler?
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