Putting People First

I am sharing a link to an Op Ed written by Susan Marvin entitled “Do layoffs really help the bottom line?” From my perspective, leadership too often makes decisions tuned to the speculators and institutional investors who are the bulk of today’s shareholders, as opposed to maximizing long term value by honoring all stakeholders. Perhaps put more simply, employees are not fodder.

At SolarGlass, we made a deliberate decision to protect all the “A” players as we made our way through the economic crisis. This required the support of all debt and equity holders, which, with the exception of our former commercial bank, I am grateful to say we had.