Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
When the contracting company for which I worked more than 17 years was contemplating turning itself into an Employee Stock Ownership Plan company I was discussing the negative attitudes of some of my fellow employees with the ESOP advisor. The problem was that the four partners were seen as having appropriated company property for personal use. All four had extensively and expensively remodeled their homes and things such as new electrical service panels had gone through the warehouse even though we did not use such products on any of our jobs. I just figured that that was something that would stop after ESOP conversion, but others were more skeptical. The advisor told me: "The owners of small companies always look on the company as their personal piggy bank." In this case all four were expected to only loot about the same amount each.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Apr 26th, 2011 at 10:38:20 AM EST
[ Parent ]
Possible to state {some/most} small business owners see the business as an extension of their ego?

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Tue Apr 26th, 2011 at 12:11:54 PM EST
[ Parent ]
I've worked in two closely held firms definitely more in the Medium than Small Enterprise category, but still it was apparent that their internal functioning strongly reflected the personality of the owner/managers.

Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Tue Apr 26th, 2011 at 12:16:45 PM EST
[ Parent ]
That's my experience as well.  However, spit in one hand, hold anecdotal evidence in the other, and decide which is "more real."

IF it is accurate we've got a fact of no mean importance.


She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre

by ATinNM on Tue Apr 26th, 2011 at 12:33:39 PM EST
[ Parent ]
"fact" s/b "insight"

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Tue Apr 26th, 2011 at 12:34:31 PM EST
[ Parent ]
Recommended viewing: Gordon Ramsey's Kitchen Nightmares.

Ramsey travels the US and helps restaurants on the brink of bankrupcy. 9 out of 10 times the problems are well known to the staff but the owner is to stubborn to listen.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se

by A swedish kind of death on Wed Apr 27th, 2011 at 03:42:07 AM EST
[ Parent ]
A swedish kind of death:
Ramsey travels the USmostly England and helps restaurants on the brink of bankrupcy


Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Wed Apr 27th, 2011 at 04:19:27 AM EST
[ Parent ]
Either it tells you what you need to know about my observations of what goes on at the telly, or Swedish tv chooses the american episodes on purpose. After all Amazing race is marketed at swedish tv as "see americans who could not find Europe on a map of Europe make fools of themselves" and considering the number of seasons they have shown, I guess that is a succesfull strategy.

Sweden's finest (and perhaps only) collaborative, leftist e-newspaper Synapze.se
by A swedish kind of death on Wed Apr 27th, 2011 at 05:58:50 AM EST
[ Parent ]
Oh, right: Kitchen Nightmares - Wikipedia, the free encyclopedia
Kitchen Nightmares is an American reality television series on the Fox network, in which Chef Gordon Ramsay spends a week with a failing restaurant in an attempt to revive the business.[1] It is based on the British show Ramsay's Kitchen Nightmares.


Economics is politics by other means
by Carrie (migeru at eurotrib dot com) on Wed Apr 27th, 2011 at 06:00:19 AM EST
[ Parent ]
They tend to see it as something they own*. Explaining the practical difference between "the company's property" and "your property" can be fun. In fact, the person being looted from is the tax man, who generally has a hard time hunting down that sort of income for taxation purposes.

* Which they do.

by Colman (colman at eurotrib.com) on Tue Apr 26th, 2011 at 01:35:13 PM EST
[ Parent ]

Display:

Top Diaries

VDL: You Will Be Inoculated!

by Oui - Jun 11
2 comments

The Sciences of the Artificial

by Cat - May 30
17 comments

City Agriculture - May 23, 2024

by gmoke - May 23
3 comments

Occasional Series