I was reading an article on the Dow-duPont merger this past weekend in the Philadelphia Inquirer and came across this quote that rang true with some of the things I am seeing recently:
“It takes an enormous effort and a lot of time and a large infrastructure, especially human infrastructure, to create value in a large company like DuPont. The financial community doesn’t know how to do that. Hedge-fund managers know how to extract value from a company, and leave an empty shell, so they can build their houses in the Hamptons.” – Abraham Lenoff, chemical engineering professor at the University of Delaware
I’ve talked in the past of how we want RunSignUp to be a company built for the long run on the principle of a Three Legged Stool, where all of the stakeholders – owners, employees and customers all have voices and collaborate to help each other. I did not really know what a long term advantage it would be for our little community.