RESTRUCTURING BUSINESS ORGANIZATION AND MANAGEMENT FOR THE PUBLIC FUNDED CORPORATION

The private free business enerprise system is perhaps the most perfect method of sharing economic wealth. Business owners in competition with other businesses attempt to produce a better product at a cheaper price with a reasonable profit and a healthy economy results. Small Business is the backbone of tWestern Society.

In an effort to expand the economy, the Corporation was developed. Public investment gave the economy Big Business. Investors received dividends from the profit of the Corporation and corporation officers and workers received income. The distance between the ownership and the management of the corporation gave rise to corruption and exploitation.

A suggested restructuring of the organization and management of the corporation to effect a more equitable distribution of the profits of the corporation between investors, officer and workers is presented below for consideration.

Officers and workers are contracted on a basic, reasonable salary schedule. Fifty percent of the profit less a reserve for contingencies is to be distribted as dividends to the investors. The other fifty percent of the profit is to be distribituted to the officers and workers on an equitable basis in the form of treasury stock at market price. This money to be deposited in a holding account with appropriate shares given to the officers and to the workers. Officers and workers can sell up to 50% of their shares at any time if they so choose. At least 50% of their shares must be kept as retirement benefit when the Officer or Worker leaves the company. The stock can be kept and receive dividends even after the Officer or Worker leaves the corporation if they choose.

This arrangement provides an equitable share of the risk and the profits of the Corporation for Investors, Officers and workers giving all a fair share of their input into the enterprise.