Billionaire Revealed: The Biggest Company You’ve Never Heard Of
finance.yahoo.com
Billionaire Revealed: The Biggest Company You’ve Never Heard Of
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Re: Billionaire Revealed: The Biggest Company You’ve Never Heard Of
#2So why are we hearing about the company now? Is this how you sell a successful but previously-unknown company?
Re: Billionaire Revealed: The Biggest Company You’ve Never Heard Of
#3I thought once companies got to a certain size they were forced to go public? Or is that in Canada only?
Re: Billionaire Revealed: The Biggest Company You’ve Never Heard Of
#4Assuming this is why he is a former president:
“I tried to put our name on the trucks and he didn’t want any part of it,” said Edward Albertian, a former C&S president, to Bloomberg. “He wanted to continue to be stealth and operate in this little, dinky Keene, New Hampshire, marketplace.”
Little, dinky marketplace that brings in over a 1 billion dollars in sales...
Re: Billionaire Revealed: The Biggest Company You’ve Never Heard Of
#5I thought once companies got to a certain size they were forced to go public? Or is that in Canada only?
In the US once a certain number of people hold stock you have additional financial disclosure laws. But if it's owned by a single owner / family, you're never forced to go public regardless of revenue. That wouldn't make any sense, since you'd basically be forcing the owners to sell their shares whether they wanted to or not.
Re: Billionaire Revealed: The Biggest Company You’ve Never Heard Of
#6More tantalising than revealing - he is focused on quanta tive metrics - that's good, he pays extra not to make mistakes, hell that's almost unique (I assume some bonus based on errors in stock reconciliation) - but what are his sales channels look like? Who are his suppliers and how does he handle them? Does operating under the radar give benefits better than just being modest?
And yes the big question - why now?
And the second big question - how many other quiet billion dollar or even just 8figure companies are out there?
Re: Billionaire Revealed: The Biggest Company You’ve Never Heard Of
#7I thought once companies got to a certain size they were forced to go public? Or is that in Canada only?
In the US once a certain number of people hold stock you have additional financial disclosure laws. But if it's owned by a single owner / family, you're never forced to go public regardless of revenue. That wouldn't make any sense, since you'd basically be forcing the owners to sell their shares whether they wanted to or not.
It's not an unwarranted assumption given all the other things our government forces us to do with our money.
Re: Billionaire Revealed: The Biggest Company You’ve Never Heard Of
#8Self-maintained groups and incentives based on performance. It would be interesting to adopt this in the tech area: the amount and quality of your unit tests means you get paid more.
You can also do code analysis: look at branching factors; code duplication; runtime performance; etc
This might be hard to implement in a company setting; but it may be easier to apply with contracting work.
Re: Billionaire Revealed: The Biggest Company You’ve Never Heard Of
#9Assuming this is why he is a former president: “I tried to put our name on the trucks and he didn’t want any part of it,” said Edward Albertian, a former C&S president, to Bloomberg. “He wanted to continue to be stealth and operate in this little, dinky Keene, New Hampshire, marketplace.” Little, dinky marketplace that brings in over a 1 billion dollars in sales...
... by 1991.
"According to Bloomberg, the company had sales of $21.7 billion last year ..."
Re: Billionaire Revealed: The Biggest Company You’ve Never Heard Of
#10Self-maintained groups and incentives based on performance. It would be interesting to adopt this in the tech area: the amount and quality of your unit tests means you get paid more. You can also do code analysis: look at branching factors; code duplication; runtime performance; etc This might be hard to implement in a company setting; but it may be easier to apply with contracting work.
How do you quantify whether someone is solving a problem the wrong way, just because that way will score better on the metrics?