John Hoffmire: While people are here in the US, why not teach them to be owners?

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  • DHuber Palmyra, NY
    Dec. 30, 2013 10:44 a.m.

    AS a painting contractor I watched a regional one hundred year old paint manufacturer become employee owned. It soon went from a family friendly company to one where the directors of the Paint company made all decisions based on maximizing profit for the employees. Retail stores were kept open on sunday and soon all the store managers were required to work Sat. and Sunday. None were happy with this arrangement. Soon the long-time employees that worked at the retail stores quit as they became fed up with working every weekend. It may have appeared employee owned but the employees had little say. As they say "the devil is in the details".

  • marxist Salt Lake City, UT
    Oct. 24, 2013 1:15 a.m.

    Employee ownership has been a dream for many, but whether or not this example can be a model to follow depends on the structure of the board of directors. Do the employees have places on the board? Or does the board consist of the largest stockholders (I suspect this)? If participation on the board is not broad based, then this firm is little more than a gimmick.

  • prelax Murray, UT
    Oct. 22, 2013 7:06 a.m.

    Recruiting people here illegally with profit sharing? Why not do the same with American citizens. Working in a nursery is not that labor intensive. This country was built on the back of the American worker. Top imply a shortage is nothing short of encoraging people to break laws.

    The "path to citizenship" is not a separate issue if the company is hiring illegal aliens. It's a felony for each person hired. Promising to share profits does not make it right.

    I worked for a company in the 70's that had profit sharing. After 2 years they folded up, and we lost our time investment. I hope the laws have changed since then.