The CFO of the United States's largest private company explains what it's like to not worry about earnings.
Lori Calabro, CFO Magazine
January 1, 2008
It's pretty amazing what can be done when big brothers (a.k.a. shareholders, SOX) are not watching every move you make in order to pounce on the thinnest hint of impropriety. Mr. Feilmeier offers an engaging description of the main benefit of private ownership - the creation of long-term value precipitated by internal entrepreneurialism. If Koch Industries was a public company, perhaps it would have been driven more by quarterly reports than by solid, sustainable growth and would not have achieved its current level of success. Public ownership is a wonderful way to raise revenue and to cash out but it also sacrifices the spirit of independence. And that's a rather large price to pay. Frank Settineri www.veracorp.biz
Posted by Frank Settineri | January 25, 2008 06:36 pm
Steve's comment here is right on the money.
Posted by Felix O'Aku | January 24, 2008 10:07 am© CFO Publishing Corporation 2009. All rights reserved.