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I work for a company that has been in the same family for over one hundred years. The CEO started work there at sixteen and has worked in every department in th
by mmcgaha 5y ago
I work for a company that has been in the same family for over one hundred years. The CEO started work there at sixteen and has worked in every department in the company. I am not saying that he wants to see people sitting around on his dollar, but he staffs appropriately and genuinely cares about the long-term health of his company and employees.
Companies like this exist all over the country; they are not glamorous jobs but they are great places to work.
- feoren 5y agoI'm glad to hear you found it. That's the kind of company I would want to work for; even one I would want to start! Oh, excuse me, I apologize: I almost said the taboo "lifestyle business" words! Seriously though they sound like a gem.
- enraged_camel 5y agoFor every well-run family-owned business like this, there are a dozen that are hell holes full of nepotism and corruption. That is to say, I think you're pretty lucky to have found one of the rare good ones.
- scruple 5y agoI've worked for one and consulted for another. Both were as you describe. The CEO was the grandson or son of the original founder and were little tyrannical despots.
- hunter-gatherer 5y agoI wonder if you work with my mother... But seriously. She works for a guy who over his career has made a net-worth of ~50 million (deals in real estate). He has always kept his employee's salaries just above minimum wage, kept the employee numbers down to avoid having to dish out benefits, and so on... Nice guy, but basically made his wealth by treating him employees like pseudo-slaves.
- spoonjim 5y agoI spoke to a family owned business tycoon from South America and he was convinced that publicly owned companies are doomed in the long run. His rough quote (my Spanish was not fantastic) was something like, “I’m managing this company for the next 10 generations and your country’s companies are managed for the next quarter. Which of us will be here in 100 years?”
- throwaway6734 5y agoWhat's the market cap of his company?
- spoonjim 5y ago$1-10b
- periheli0n 5y agoAnother way to put this is: where would you rather make a long-term investment?
- spoonjim 5y agoHow long term? For 10 years I’d invest in Google but for 100 I’d invest in his company.
- throwaway6734 5y agoHow do they handle picking new executives? How will they replace this person when they are no longer able to perform the job at a high level?
- spoonjim 5y agoThe CEO I spoke to was at least the fifth or sixth. His son was the CEO in waiting and that guys son was a teenager doing dirty jobs on the factory floor so that when he is CEO he will have the workers’ respect and know how the business is done.