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How to instill corporate America with the values of a family-owned business
(By – Jeff Spross, www.theweek.com)
Family-owned businesses — especially the big corporate ones — occupy an interesting place in Americans’ economic thinking. One the one hand, there’s something creepily dynastic about them. In theory, a company opening up ownership of its shares to the public is supposed to be an act of economic democracy: wealth ownership to the masses. In practice, of course, wealth ownership skews grossly towards the top. But it’s at least possible to imagine a world in which everything else was the same, but the wealth distribution was equitable. Read more…