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LEADERS, STOP THE SOCIALISM CLIMB AND GIVE YOUR EMPLOYEES STOCK


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Lesson: Don’t fight the New Socialism with attacks against non-sensical ideologies. Instead, give your employees more stock, 401k matching, FSA, HSA, and every advantage to keep money out of the inept government’s hands – and watch your net worth skyrocket!


For our readers, you may recall the years of my capitalistic blogs about sharing stock and profits to not only save the world but exponentially increase your own net worth. Now, we are in a critical time, again, in which business leaders need to think in abundance, not scarcity.


The more you give to your partners, associates, and vendors, employees, the more you will receive. If you don’t think they are worthy of these sharing allocations, then you are the dumb one who should have fired them, already. Only keep A-Players, train B-Players to be A’s, and fire the C’s. It’s as simple as that, said Jack Welch, famous CEO of General Electric (Drove GE stock value from $14B to $600B).


Full disclosure, I have many current partners who argue vociferously with me on this issue since they have been screwed over and over by loser previous partners and employees. These are our own mistakes. I’m not saying give away the store to losers, because you shouldn’t have them on your team in the first place. Make sense?


Mark Skousen from Chapman University recently published an article in the Wall Street Journal (previously an incredible business journal before they began taking nonsensical political sides). Mark noted how many American millionaires have been created from company stock plans and 401k great matching benefits.


Fidelity reported it now has more that 500,000 Americans with at least $1M in their Fidelity 401k. AutoZone has more than 4,000 lower-level employees who are millionaires due to their stock plan. “30,000 Microsoft employees from secretaries to janitors have become millionaires.”


I’ll never forget my first business trip to San Francisco when Steve and I went across the Golden Gate Bridge to Sausalito to see the Ferrari dealership. I asked the salesman, “Who’s that teenager roaring out in the new Ferrari?” He said, “He just cashed in a little of his Yahoo stock.”


Peter Drucker noted best, “Large corporations are living up to the goal of being the representative nonrevolutionary social institution and are in most cases far superior to plans by government, charities and nonprofits to service the retirement, medical and social needs of their employees.


We must use our brains. Capitalism built this great country and will continue to save it. Turn off the TV. Turn off your phone. Go to work tomorrow and make money for everyone.


Have a great week!


- Thank you to Mark Skousen, WSJ.



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