Drudge Retort: The Other Side of the News
Monday, November 11, 2019

As a proxy for owner-operated companies, I look at the performance of family-owned companies. A family-owned/managed company is, as the name implies, controlled by a family, individuals or "group" (we can also call it owner-oriented/controlled/operated). This control can take the form of owning a stake that has the same rights as all other shareholders, or they exert control via shares that has more voting rights.

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I can see one big reason for this... publicly-owned companies need to look good each reporting quarter. It is difficult to make the long-term investments that will result in better returns over the long-term when you are focused upon quarterly reports..

Mr Bezos took a long-term approach as he was building Amazon, and he received a lot of push-back and criticism for taking the long-term approach while he was doing it.

Those, however, who stuck with him were amply rewarded when those investments eventually flourished.

#1 | Posted by LampLighter at 2019-11-11 10:48 AM | Reply

The cartels agree.

#2 | Posted by visitor_ at 2019-11-11 10:52 AM | Reply

--#SkinInTheGame

I was going to say that as soon as I read the headline, but you beat me to it.

#3 | Posted by nullifidian at 2019-11-11 11:02 AM | Reply

@#3 ... I was going to say that as soon as I read the headline, but you beat me to it. ...

A lot of management with "skin in the game" have done little to assure the long-term earnings of the company. Indeed, some of those management seem to use their "skin in the game" to extract as much money from the company as possible. Look at what happened to General Electric.

The "skin in the game" aspect needs to have the right purpose behind it.

#4 | Posted by LampLighter at 2019-11-11 11:07 AM | Reply

It doesn't take a rocket scientist to understand that people who have their livelihood tied up in a business are going to run it more efficiently than a government commissar appointed by a Harvard professor.

#5 | Posted by nullifidian at 2019-11-11 11:15 AM | Reply

@#5 ... a government commissar appointed by a Harvard professor. ...

Huh?


#6 | Posted by LampLighter at 2019-11-11 11:21 AM | Reply

What applies to companies also applies to societies.
Donald Trump feels he doesn't have to pay taxes so how does he have #skininthegame in his city, state or country?
The point of Socialism (not that I'm a Socialist) is to make sure more of the population has #skininthegame than just the 1% elite.
The Tea Party wasn't about paying taxes, it was about not getting the services they pay for, #skininthegame

#7 | Posted by TFDNihilist at 2019-11-11 02:49 PM | Reply

"he Tea Party wasn't about paying taxes, it was about not getting the services they pay for"

Nonsense. It was about President Blackenstein.

If it were actually about taxes, spending, or getting services, they'd still be out in droves.

#8 | Posted by Danforth at 2019-11-11 03:03 PM | Reply

I meant the real Tea Party, Boston 1773. Not those old racist farts who somehow lost all their concern for good government in the Trump era.

#9 | Posted by TFDNihilist at 2019-11-11 03:32 PM | Reply

Evil, greedy corporations. Ban corporate personhood!

#10 | Posted by et_al at 2019-11-11 04:22 PM | Reply

Thanks to Trump's trade wars, there will be fewer family owned farms in the future.

#11 | Posted by ClownShack at 2019-11-11 04:26 PM | Reply

The point of Socialism (not that I'm a Socialist) is to make sure more of the population has #skininthegame than just the 1% elite.

How do you have "skin in the game" if you arent contributing to society? How do you have skin in the game if you are receiving instead of contributing?

#12 | Posted by boaz at 2019-11-13 08:32 AM | Reply

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