privatized public company

[yinyinwang]

Would you like to work or buy shares of a public company run by relatives, brothers,sisters etc? or families in different departments of a public company?

[PAC]

In my experience it's not at all unusual. If not blood relatives then friends, suck-ups, etc. Thinking that companies are run, first, for good business and return is some what naive.

[yinyinwang]

In my experience it's not at all unusual. If not blood relatives then friends, suck-ups, etc. Thinking that companies are run, first, for good business and return is some what naive.
Thank you for more information, but you did not quite answer the question.

[Gord_in_Toronto]

Why not? You then get to keep all the profit for yourselves.

[madurobob]

Would you like to work or buy shares of a public company run by relatives, brothers,sisters etc? or families in different departments of a public company?

You mean such companies like IBM - once Tom Watson's personal playground? Or American Express or Standard Oil a century ago?

I guess I could accept the risk in the right situation. The fact that a corporation is mostly owned and managed by a small group of relatives does not itself suggest mismanagement will be any more rampant than otherwise.

Are you offering me a job?

[The Central Scrutinizer]

Would you like to work or buy shares of a public company run by relatives, brothers,sisters etc? or families in different departments of a public company?

Huh???

[yinyinwang]

You mean such companies like IBM - once Tom Watson's personal playground? Or American Express or Standard Oil a century ago?

I guess I could accept the risk in the right situation. The fact that a corporation is mostly owned and managed by a small group of relatives does not itself suggest mismanagement will be any more rampant than otherwise.

Are you offering me a job?
when you find that I can do a much better job than your boss, what is going to happen?

[yinyinwang]

when you find that I can do a much better job than your boss, what is going to happen?
sorry, I mean you find.

[fuelair]

I'm confused. You wrote "you find" in #7. Then apologise for it saying you meant "you find" in #8. ?????

[yinyinwang]

I'm confused. You wrote "you find" in #7. Then apologise for it saying you meant "you find" in #8. ?????
when you find that you can do a much better job than your boss, what is going to happen?

[fuelair]

when you find that you can do a much better job than your boss, what is going to happen?
You are going to subtly influence the other members of the family so that within a year they have your boss declared insane, appoint you the new administrative VP and you proceed to loot the company of it's funds and trade secrets and add a "Golden Parachute " clause to your contract. Then you move to someplace really nice.

[The Central Scrutinizer]

You are going to subtly influence the other members of the family so that within a year they have your boss declared insane, appoint you the new administrative VP and you proceed to loot the company of it's funds and trade secrets and add a "Golden Parachute " clause to your contract. Then you move to someplace really nice.

How are you able to understand what the post was even about? Can you translate?

[tkingdoll]

How are you able to understand what the post was even about? Can you translate?

I think he's saying that the inherent bias in having personally-attached board members could keep an incompetent boss at the top, at your expense.

But who knows?

[Francesca R]

So nepotism costs money?

Maybe it's worth money too . . .

[fuelair]

How are you able to understand what the post was even about? Can you translate?Would you trust a company run by nepotism for a job and/or for investment purposes? Based, I am almost certain, on the assumption that decisions will likely be based on what is best for the family rather than for other employees and/or the bottom line for stockholders.
Makes sense, just not well written out.

[The Central Scrutinizer]

Would you trust a company run by nepotism for a job and/or for investment purposes? Based, I am almost certain, on the assumption that decisions will likely be based on what is best for the family rather than for other employees and/or the bottom line for stockholders.
Makes sense, just not well written out.

Thanks.

The answer is, maybe I would, maybe I wouldn't. It depends on a lot of things.

[madurobob]

Thanks.

The answer is, maybe I would, maybe I wouldn't. It depends on a lot of things.

Thats kinda what I was getting at. There are plenty of family owned businesses that have done quite well and some that have generated backlash when they announce plans to "sell out" to broader public ownership.

So, it depends on a lot of things. Nepotism by itself is not necessarily bad.

And hey, Archie Manning's kids play pretty good quarterback. Some would say even better than he did. Not that that has anything to do with the price of tea.

[madurobob]

when you find that I can do a much better job than your boss, what is going to happen?
Do you live in a world where you get to elect your boss?

[Spindrift]

Would you like to work or buy shares of a public company run by relatives, brothers,sisters etc? or families in different departments of a public company?

Sometimes it works like SC Johnson or the Corleone family (unless you're Fredo).

[yinyinwang]

Do you live in a world where you get to elect your boss?
I just feel uneasy staying in somebody's backyard for too long.

[yinyinwang]

Do you live in a world where you get to elect your boss?
I just feel uneasy staying in somebody's backyard for too long and the sense that I do not belong there.

[madurobob]

I just feel uneasy staying in somebody's backyard for too long and the sense that I do not belong there.

Ah, yes, I get your point. Its tough not being one of the the good ol boys when the good ol boys run the show. Hard to feel secure in your position.

[yinyinwang]

I think he's saying that the inherent bias in having personally-attached board members could keep an incompetent boss at the top, at your expense.

But who knows?
you think it is just the boss who is incompetent and nobody else?

[Francesca R]

Why are you just making cryptic statements and asking questions that were not really implied by anyone's posts, which are--mostly--attempts to try to get out of you what you are trying to say?

If I were you I wouldn't expect much more unless you can be a bit clearer.

[tkingdoll]

you think it is just the boss who is incompetent and nobody else?

:boggled:

[yinyinwang]

Why are you just making cryptic statements and asking questions that were not really implied by anyone's posts, which are--mostly--attempts to try to get out of you what you are trying to say?

If I were you I wouldn't expect much more unless you can be a bit clearer.
sorry,I don't have a fixed answer to everything otherwise I would publish a book rather than a post, but this is what a forum all about, seeking opinions.