“Stakeholder capitalism” encourages companies to be run for the benefit of all stakeholders, including customers, suppliers, employees, investors and communities. But what is a CEO to do when different stakeholders have different priorities? In today’s world, different stakeholders demand attention for the environment, racial injustice, and political issues, while expecting you to still run a profitable company. For Biblically grounded ...
Recently, Kathy and I had the opportunity to tour the facilities of Vermeer Corporation in Pella, Iowa. One of the more impressive parts of the tour was witnessing the thought given to developing efficient processes in all parts of this enormous plant. Vermeer’s pursuit of continuous improvement has no bounds. They even chose to analyze the processes around their company ...
According to the Wall Street Journal, Pete Stavros, an executive with KKR & Co., has spent much of his career promoting the idea of awarding stock to factory workers and other hourly employees. He believes stock ownership builds wealth for all employees and strengthens the culture. Stavros implemented his concept with a KKR company, called Gardner Denver. In a few ...
Even if you agree with the merits of doubling the minimum wage to $15 per hour, in my opinion, the timing of this mandate should be seriously considered. The industry that uses the most minimum wage labor is the leisure and hospitality industry. The most devastated industry by the pandemic is also the leisure and hospitality industry. If we dramatically ...
In Matthew 20, Jesus shares a story of an employer who went to the marketplace and hired laborers for his vineyard. He agreed to pay the ones who worked a full day a denarius, which was equal to a day’s wage. At five in the afternoon, he hired additional laborers who had been unsuccessful in finding work. Out of generosity, ...
Equipping Others to Do Work Differently
