I work for a small business. We are doing very well, mainly due to the General Manager, who is buying the business from the owner. If I were to somehow inherit the Owner’s share, I would continue to let the General Manager buy me out.
I am the most experienced technician, and I can handle the technical side of things very well, but I have zero sales ability, and have no interest in learning the money end of the business.
I don’t think that could happen in my case. Both companies I work for have a Board of Directors and are not incorporated, one’s owned by a consortium of other hospitals and the other is a non-profit. Even if I somehow inherited the Executive Director title, there’s nothing I can do drastically without Board approval. One’s a Board of owners and the other’s a Board of volunteers.
Short of some strange semi-feudal rebellion in which I “owned” the US Navy, that would mean being Chief of Naval Operations, Secretary of Defense, or President… and I don’t really want any of those jobs at all. For the first two, I’d offer my resignation. For the third, it would depend on my VP – if I could appoint anyone, I’d appoint Elizabeth Warren or someone like that and resign. If they were already in place, then it would depend on who it is – if it were someone I deemed suitable, then I would resign… if it were Sarah Palin or Ted Cruz or the like, I’d hold on until the next election.
I have zero business sense or interest. On the other hand, my brother is much sought-after because he’s an excellent businessman, so I guess I’d hire him to run the show and I’d kick back and wallow in the profitsl
Except I worked for the Dept of Defense before I retired, so this was all a flight of fancy.
As the new majority owner of the U.S. government, I’d be making some changes before I return it, somewhat improved, to the people of the United States.
I work at a library at a community college, which means I work for the people of California. If I owned the people of California, there would be some BIG CHANGES.
If I owned a library or a community college, I would probably run away and hide.
Option 1: I’d have the CEO removed, and replace him, add a sales force, and begin a complete re-write of our software product.
Option 2: I’d have the CEO removed, and replace him, and begin shopping the company around to get acquired.
I’m not sure which option I’d choose, since I have very little insight into the company finances. If I had control of 51% of the company, though, I would be in a better position to determine which option would be most favorable.
I work for a large international chemical company, so I’d be in some pretty big bucks. I’d pare down the top heavy management full of banking types that were recently hired and hire some working people (at all levels, not just worker drones, but people who actually do some work and have some chemical industry knowledge) and let them toss me ideas until I found some I liked. I’d shake up the BoD, which is full of stodgy retired banker types, and bring in some energetic, innovative folks with some background in the field. Then I’d step away and watch them all work while I happily cashed my dividend checks while living on my private yacht floating among the Greek Islands.
I’d probably sell the company. It’s going to happen someday anyway, I already know who’d want to buy it. I’d give all the employees huge bonuses (including some who already left).