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News Another American Hero

  1. Feb 19, 2010 #1

    Astronuc

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    Grateful boss gives company to workers :approve:
    http://cosmos.bcst.yahoo.com/up/player/popup/?cl=18227127 [Broken]

    Bob Moore - "The company belongs to the people who make it possible."

    I tip my brow to Bob Moore.
     
    Last edited by a moderator: May 4, 2017
  2. jcsd
  3. Feb 19, 2010 #2
    :rolleyes: Who wants to place bets on when that business goes under?
     
    Last edited by a moderator: May 4, 2017
  4. Feb 19, 2010 #3

    Evo

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    My thoughts too. Is everyone equal? Who knows how to run the business as opposed to just doing a specific job? How will conflicts on how to run the business be resolved? What if some want to sell and others don't? Can any of them borrow against the business? If so, what limits are there?
     
  5. Feb 19, 2010 #4
    This reminds me of a government that sprung up a long while ago in a far off land.
     
  6. Feb 19, 2010 #5

    Astronuc

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    As far as I know, the ESOP rules apply. The shareholders get to vote for board members, like any shareholding company.

    Then again, I got burned in an ESOP. We had two inside directors and 4 outside - but then it didn't appear that the outside directors were completely independent of the insiders - based on the stupid (negligent) decisions that were made. The outsiders resigned fairly quickly when the company took a nosedive.

    Hopefully they have some business sense, and can work together.
     
  7. Feb 19, 2010 #6

    Evo

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    Hopefully he plans to stay on as an advisor as long as he can to make sure they are able to run the company.
     
  8. Feb 19, 2010 #7

    Astronuc

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    I think he's 81. Hope he mentored some people, or that his style influenced others.

    I still keep in touch with the managers with whom I worked at the previous company (except for the Pres. who piloted the company into the nose dive). We actually had two presidents, because of our geographic distribution. The president of the division in which I worked is now a good friend, more or less, and we keep in touch. He surprised me one day when he came into my office for a father-son type of talk, just before he retired.
     
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