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Republicans across the country had heart attacks...
a chill ran down Karl Rove's spine.
dflprincess
(28,057 posts)Such an odd occurance it made the New York Times
http://www.nytimes.com/2011/09/25/business/economy/housing-slump-forces-cuts-at-a-small-town-company.html?pagewanted=all
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... Marvin Windows might seem like a footnote in the nations economic ledger. It employs roughly 4,300 people, about 2,000 of them here, and has annual sales somewhere from $500 million to $1 billion. But what this company is doing and, more to the point, what it is not doing is worth knowing.
Marvin Windows and Doors is a throwback to another era. For starters, it is a private company. No public stockholders are complaining that the latest numbers fell short, that the share price is down.
Whats more, Marvin takes an old-fashioned, even paternal view of its role here in Warroad, where the Marvin family has run things for just about as long as anyone can remember. The company has cut employees pay and reduced perks like tuition reimbursement and 401(k) matching. Employees havent received profit-sharing checks in two years, nor have the 16 members of the Marvin family who work for the company.
And, when times are good, the employees have been known to get some really impressive profit sharing checks.
central scrutinizer
(11,617 posts)the origin of Polartec. When the place burned down, the CEO continued to pay all of the workers until the mill was rebuilt.