12-16-2013, 01:51 PM
http://www.pbs.org/newshour/rundown/2013...yoffs.html
"80: uninterrupted years of paying an employee bonus (i.e. profitable every year since 1934)
$33,029: average 2013 bonus per U.S. employee (roughly 3,000 employees)
$81,366: average 2013 total earnings per U.S. employee (wages or salary + bonus)
$100.7 million: total pre-tax profit shared with employees, Lincoln's largest bonus pool ever
0: number of layoffs in 2013 (that makes 65 years without any layoffs)
#1: Lincoln Electric remains number one in the global marketplace in its industry. (As "LECO" on the Nasdaq exchange, its stock is currently at an all-time high.)
These figures once again provide convincing and reassuring evidence that with an unwavering commitment to respecting employees by offering the opportunity to significantly share in the profits of the firm, while demanding their very best, it is possible to run a very profitable, very large, technologically superior multinational business based in North America while also honoring a firm's obligations to its customers, investors and society at large. Business need not be a zero-sum game, a delusion embraced by far too many, especially in the past few years.
"
Why don't other companies work this way ?
"80: uninterrupted years of paying an employee bonus (i.e. profitable every year since 1934)
$33,029: average 2013 bonus per U.S. employee (roughly 3,000 employees)
$81,366: average 2013 total earnings per U.S. employee (wages or salary + bonus)
$100.7 million: total pre-tax profit shared with employees, Lincoln's largest bonus pool ever
0: number of layoffs in 2013 (that makes 65 years without any layoffs)
#1: Lincoln Electric remains number one in the global marketplace in its industry. (As "LECO" on the Nasdaq exchange, its stock is currently at an all-time high.)
These figures once again provide convincing and reassuring evidence that with an unwavering commitment to respecting employees by offering the opportunity to significantly share in the profits of the firm, while demanding their very best, it is possible to run a very profitable, very large, technologically superior multinational business based in North America while also honoring a firm's obligations to its customers, investors and society at large. Business need not be a zero-sum game, a delusion embraced by far too many, especially in the past few years.
"
Why don't other companies work this way ?