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View Diary: "My employees are largely responsible for any success I've had" (74 comments)

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  •  Having worked for one for nearly 30 years (22+ / 0-)

    I can say that, in my experience, they are are not perfect by any means , but, compared to publicly-traded companies:

    1.  They are more consistent in their strategies and actions

    2.  Their senior management's compensation is more reasonable and less out of whack with average employee compensation

    3.  They tend to treat their employees somewhat better

    And, they tend to be more stable. People who were my mentors in the early and mid-1980s still work for the company (if they haven't retired yet). Few of our publicly-traded competitors have so many long-term employees.

    •  Study the history of SAIC (0+ / 0-)

      The company went public a few years back after being employee owned since the beginning. It wasn't perfect before but it has TANKED since going public.

      The voluntary turnover before and after was quite an eye opener and has only contributed to the slide in the intrinsic and monetary value of the company.

      They're Warmongers but they used to be relatively well behaved Warmongers who had some sympathy and respect for the employees.

      •  I'm familiar with them (4+ / 0-)
        Recommended by:
        Calamity Jean, SeekCa, elwior, FarWestGirl

        And I'm not surprised.  

        I just checked -- they went public 6 years ago and the stock value has dropped ~36 percent over that period.  Meanwhile, the S&P 500 is up ~4.4 percent and the Dow Jones Industrial average is up a shade under 10 percent over the same period.

        Not great, but I'll take those over SAIC.  

        And if one looks at the trend since the recession in the markets hit bottom in March 2009, the difference is even more striking:

        Dow: +96 percent
        S&P: +106 percent
        SAIC: -32 percent

        Not too hot, eh?

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