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I'm old enough that my father worked for one of those "golden age" companies. https://en.wikipedia.org/wiki/Wometco_Enterprises https://en.wikipedia.org/wiki/Wo
by dalke 2y ago
I'm old enough that my father worked for one of those "golden age" companies. https://en.wikipedia.org/wiki/Wometco_Enterprises https://en.wikipedia.org/wiki/Wometco_Enterprises
It was a conglomerate, starting with theaters then adding TV and other entertainment, plus soft drink bottling and more.
The individual companies were well funded, they had plenty of staff, and there cross-company staff discounts. My dad worked for the TV station WTVJ and we got discounts to go to the movie theaters owned by Wometco.
There was a yearly Christmas party for staff and family, and the Wometco would be flown in by helicopter, dressed as Santa.
After his death it got bought by KKR in a LBO, split up, and sold for parts. Staff was greatly reduced and overworked. The Christmas party was no more.
- oooyay 2y agoMy dad worked for Borden and Kraft, which were similar. They were also bought and split up by KKR.