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Name: Todd Xin
Country: United States
State: New Jersey
Metro: Morristown
Birthday: 5/18/1982
Interests: Whether it be with words or images, nothing really gets my heart pounding more than the process of creating and making something new. At the studio, I'll be rocking my "Converse Chuck Taylors" as I design away to the sounds of my favorite band.
Expertise: Being Alive!
Occupation: Eating Bananas
Message: message meEmail: email me
AIM:  YgxBigb0ss
Member Since:
3/23/2002
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 You have to give em credit. It's the most clever fortune I ever received.
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| My 7 month stint into the world of finance and investing has taught me
a lot things about how businesses work that I might have otherwise
never learned.
Before I begin my rant . . . I would like to
first establish the fact that shares of stock do go up and down with
the performance of a company. Although it clearly does not always
reflect the value of the company because it can be grossly overprice or
underpriced. The Market is made up of people who are fairly rational
but are also very capable of overreacting to a stock and also
overlooking others. However, there is a underlying efficiency to the
market beneath the madness that somehow eventually prices business to
proper valuations.
With that out of the way, lets move on to my rant: . . .
If
I ever decide to start my own business, I will take a the majority of
my compensation in shares. Not options but shares because shares
represent true ownership. The same will apply for my management team
and employees. I would want to foster a culture of ownership where
everybody has a stake in the success of the business. If you come along
for the ride you should at least believe in it enough to put some of
your assets on the line. If your not willing to put some of your assets
on the line to build the business, it's still possible you are willing
to work for success but who knows? Maybe your not so willing after all.
At least this will weed out those who are less willing and who don't
really have anything at stake.
Goeff Gannon of the
gannononinvesting.com blog is right. A business exists to serve its
shareholders because they are the true owners of the business. I'm a
shareholder in a few a businesses and I probably understand and care
more about how that company will do as a business more than some of
it's employees do. Alot of businesses these days have contracted an
epidemic called employee apathy. I don't think people know what a
corporation really is unless you've written a business plan or attended
business school. A corporation is a legal entity that is considered to
be an artificial person whose ownership is chopped up and distributed.
Those who own a piece of this person get a say, albeit small, in how
the person acts. Their piece of the cake appreciates or depreciates
based on the success or lack thereof of the corporation.
Apathy sets in for employees who work for Initech Company because they
believe that because since their paycheck comes from Initech Company,
this makes them employees of Initech Company. That is true to some
degree. They are employees of Initech Company and Initech Company is
meaningless to them other than a source of income, a job. They may not
see themselves this way but they are merely assets and are treated as
such. Assets that belong to a group of shareholders and as assets,
their purpose is to generate value for their shareholders and that is
ultimately no matter what the mission statement says in the annual
report and what HR tells you, is the real purpose of any publicly held
or privately held business. If employees actually had to own shares of
the company they worked for as a portion of their compensation package,
their mentality would change. I'm sure at least a few would soon begin
to realize they are owners of the business and not just employees of
the business. They'll have a personal interest in seeing the business
grow and succeed and ultimately generate value for them as both owners
and employees. They can receive annual reports in the mail and are
invited to attend the annual shareholders meeting as a "investor" where
the CEO and the management team have to show that they are doing thier
job in building the company. They can vote and say yay or nay to hiring
a CEO or executive and can vote for major decisions. Imagine what a
different world and a different attitude we'd have towards work if
people would choose to go to work only for companies they'd be willing
to own. I think it's a model for building great businesses and becoming more passionate employees or at least a remedy for overcoming employee Apathy.
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| Yesterday I started looking for my Bible after neglecting to read it for several weeks but I could not find it. I had to go out so I figured it would turn up eventually. This morning I go to check in my car, I turn up my sheets and search every corner of my room and start freaking out because it appears I might have lost it. I'm about to call my church office at this point to see if they might have spotted a bible with one of those big black covers on it but before I do I finally pray out of desperation. I say; "God, pleasem I know I haven't been perfect nor have I been reading your word but I can't lose this Bible." This ain't just any Bible, this is the Bible I've had since the day I was baptized. It's the one that you write all your notes, the pages are all marked up and some of them are falling out.
The minute I finish that prayer; I look down right in between a milk crate and a cardboard box that I use for storage is lo and behold, my blessed black Bible. Thank God.
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