Ask Dr. Tom: Work Ethics of the Younger Generation

Ask Dr. Tom:
Work Ethics of the
Younger Generation

by Thomas Davidow
Genus Resources Inc.

Question:Do you think that the work ethic of the younger generation is the same as the founder’s?If your answer is “no,” do you feel that this will impact the business?

Answer:It is too easy an answer just to say “no.”A “no” answer assumes that the younger generation is not as responsible as the older.When comparing the work ethic between two generations, it is very important to look at the differences in motivation factors.

The need to provide basic food and shelter is generally a pretty powerful incentive for hard work.The senior generation often comes from, if not poverty, at least a far less affluent background than the one it has provided for its offspring.Consequently the younger generation’s drive to succeed may not be characterized by the same sense of urgency.When the younger generation has been spared the same experience of struggle for survival, the two generations are separated in a most profound way. More…

When Patient Capital Grows Impatient

When Patient Capital Grows Impatient

Recaps” are Becoming more Popular as a Way to Satisfy the Diverging Needs and

Priorities of Shareholders
by François M. de Visscher

The Windham Co., a third-generation manufacturing company, had not surveyed its shareholders to evaluate their liquidity and capital needs in more than 20 years. The company had very effective shareholder information and communication programs. But when the 35 shareholders were interviewed in a recent survey, the leaders were surprised by the results. The composition of the shareholder base had changed. The estate and financial objectives of the shareholders had become quite diverse. The “patient capital” of this company had been well maintained through two generational transitions but was getting impatient. More…