Finally Good News

An amazing photograph appeared recently in The Guardian newspaper – the shot consisted of the MD of John Lewis,

John Lewis: employee-owned businesses traditionally don’t skyrocket like their more conventional peers, but it seems to be more about longevity, respect, quality and a slower, steadier growth pattern.

addressing hundreds of his ‘partners’ at a new branch opening in London. What makes the shot interesting is the fact that his partners are employees that share in the ownership of the company, and they number almost 80,000. There isn’t a stock market listing and there aren’t private equity backers, and the payout for last year to everyone was in line with the overall profits – and those keep getting better every year.

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