Skip to main content

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

Comment Preferences

  •  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?

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site