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This is certainly a factor. Family run businesses are, on average, twice as profitable as those run by salaried managers.
by MrBuddyCasino 11y ago
This is certainly a factor. Family run businesses are, on average, twice as profitable as those run by salaried managers.
- cma 11y agoA family owned business is no longer family owned after a bankrupcy. A salaried-manager-run business is usually still salaried-manager-run after a bankruptcy.
- Retric 11y agoBankrupcy is not the only way to stop being family owned. Walmart and many other major companies used to be a family business. Overall, family's are more likely to think long term and extract money now instead of aiming for growth for growth's sake, both of which promote profitability.
- dforrestwilson1 11y agoYour fundamental argument seems to be that the board was shortsighted, not necessarily Marissa. No argument here.