A couple of weeks ago I posted that, in honor of the company’s 40th anniversary, our founder/president/CEO would be ringing the opening bell at the Nasdaq on Oct. 2 (tomorrow). I wanted to give you a concrete example of why this is a great company to work for.
The company has never, in its 40-year history, had layoffs. Because the pres has always determined and worked to keep the company private, he has had more flexibility to weather difficult economic times.
It recently came to his attention that our main competitor, is about to engage in layoffs. The pres warned us at the beginning of the year that economic times were going to be tough, and in the wake of Sept. 11 the PR/IR landscape has changed sufficiently that it’s going to be even tougher. But the thought of layoffs has never crossed his mind.
Instead, he issued as all a bonus. In honor of the 40th anniversary, we all received a bonus of $X per month of employment. Not only that, the company ate the taxes so we all received the full amount rather than paying some of it to Uncle Sam. I won’t tell you what X is, but suffice to say that thanks to this, we’re paying off our car loan nearly 2 years early today.
Not only that, but my Australia trip in November isn’t costing me a cent. There are twelve of us employees going, and the trip is fully covered for all of us: roundtrip airfare from our own cities to L.A., then to Sydney, accommodations, most of our meals, tickets for all the in-country flights and train trips, etc. All we have to pay for is a few of our own meals, souvenirs, entertainment, that sort of thing.
Man, I love working for this company.