Spectator on facebook

Spectator on facebook

Reader feedback: Where has the pride of keeping a business gone?

Angry reader: Shame on you, Readers feedback, Volume 12, Number 17, May 01 - May 07, 2006

Although I do understand your sentiment, I have to say that, yes, making as much profit as possible should be the most important thing for any management. If not, why make an investment in the first place?

On the other hand, I also feel a bit disappointed when big companies move around - or shop around - in the world for the cheapest possible labour market, often just to increase the "value" of the company here and now (all in the name of globalisation, but actually misusing the term) and sell it off to some investment fund, etc.

I know of an example in Slovakia where exactly that will happen in the near future, but cannot mention the name.

Where are those business owners proud of running a business and keeping it, like the homeowner who's proud not just of owning, but of exactly what they own? I myself am the proud owner of a small company and could never dream of selling it off to some investor with absolutely no professional interest in it. Still, I do need to make a profit and have to make sure my company is always competitive, not only for the sake of my own purse, but also for my employees, the bank, etc. If that means moving my business to Slovakia, or as in my case, parts of it, then so be it. There is also the responsibility of the local society to make sure they elect politicians who can create an environment that supports business and job creation.

Jesper,
Denmark

Top stories

When the state can’t keep a secret

A selective leak has tarnished President Kiska’s reputation. But he must continue to speak out about corruption.

President Andrej Kiska

Austria launches random checks close to Slovakia’s borders

Refugees are using new smuggling routes, according to the Austrian minister.

Illustrative stock photo

Unemployment rate continues to decline

The still steeper fall in unemployment could be curbed by the type of jobseekers, analysts opine.

Carmakers have already complained about the lack of qualified labour.

Coalition only agrees on how to talk. But what will they talk about?

Budget talks to decide on concrete policies. Danko wants airplanes, Fico wants better pay for nights and weekends.

Danko, Fico, Bugar.