Hello Nat: I worked for Robert Bosch Gmbh. Before Robert Bosch died he set up his company to support charities. He owned 100% of the stock. He left 9% to his family, 90% to Charity foundation and 1% to a management board. The Charity and Family receive 100% of the profits but have no voting rights. The management board receives no profits but has 100% of the voting rights. Thus the group making decisions doesn't profit from them so they only make decision to grow the company and employ more people. The Bosch family is provided for, but can't ruin the company's future. Plus they took very good care of me, a minor employee. Thanks.
Thank you for showing how businesses could and should be run. I totally agree that more money will not make me happier, and question whether folks running around with 10 cars, a yacht, a private jet, and three oversized houses understand the meaning of life. To me, life is about connection, personal growth, and contribution. For each of us, this will present differently. Unfortunately, the influencers who are paid on social media to promote consumerism have contributed to a society that chases status through material possessions. Sadly, large swaths of our population have been brainwashed into thinking they need oodles of money to amass more “stuff.” Sadly, they are most likely not cultivating their character in the process. (In my humble opinion.) I guess it all boils down to intention. Your intention seems to be making the world a better place through your contribution to medical research.
Hello Nat: I worked for Robert Bosch Gmbh. Before Robert Bosch died he set up his company to support charities. He owned 100% of the stock. He left 9% to his family, 90% to Charity foundation and 1% to a management board. The Charity and Family receive 100% of the profits but have no voting rights. The management board receives no profits but has 100% of the voting rights. Thus the group making decisions doesn't profit from them so they only make decision to grow the company and employ more people. The Bosch family is provided for, but can't ruin the company's future. Plus they took very good care of me, a minor employee. Thanks.
Thanks. An interesting idea.
Thank you for showing how businesses could and should be run. I totally agree that more money will not make me happier, and question whether folks running around with 10 cars, a yacht, a private jet, and three oversized houses understand the meaning of life. To me, life is about connection, personal growth, and contribution. For each of us, this will present differently. Unfortunately, the influencers who are paid on social media to promote consumerism have contributed to a society that chases status through material possessions. Sadly, large swaths of our population have been brainwashed into thinking they need oodles of money to amass more “stuff.” Sadly, they are most likely not cultivating their character in the process. (In my humble opinion.) I guess it all boils down to intention. Your intention seems to be making the world a better place through your contribution to medical research.