Capital Strategy1 book · 2 highlights

Earnings Rain Down as Alignment

Books Teaching This Pattern

Evidence

Limping on Water by Philip Beuth, K.C. Schulberg — book cover

Limping on Water

Philip Beuth, K.C. Schulberg · 2 highlights

  1. “I continued to sell a simple principle. We all prosper when the company’s earnings grow and then rain down in the form of profit sharing. Some of our personnel immediately recognized the attractive monetary rewards linked to cost controls, while others who were less attentive, considered them a nuisance. That is, until new information about earnings increased the price of their stock and the value of their profit sharing. That snapped them to attention.”

  2. “The difference was our commitment to letting our managers manage. Run the station like you own it and, by the way, here is some stock to make you an actual “owner””

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