Owning Plexus

Posted May 1, 2018, 8:00 a.m.
Updated April 29, 2024, 3:05 p.m.

Manifesto of an Employee-Owner

An Employee Stock Ownership Plan (ESOP) sounds great on paper, but how well does it work in practice? That depends on whether the company’s leaders embrace an ownership culture, trust their employee-owners, commit to big ideas, and make smart decisions.

In 2009, Scott Bradford was an employee-owner at Plexus Scientific Corporation, an ESOP that had gone badly awry. He tried to save it. He failed.

“Owning Plexus” was an unheeded warning—an effort to identify and solve the company’s problems before they became insurmountable. But while it may be too late for Plexus, it is not too late for other businesses to benefit from a renewed focus on a culture of ownership.

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About 10,100 words (41 pages)
Published by Intersanity Enterprises
First Edition, April 2018

Scott Bradford is a writer and technologist who has been putting his opinions online since 1995. He believes in three inviolable human rights: life, liberty, and property. He is a Catholic Christian who worships the trinitarian God described in the Nicene Creed. Scott is a husband, nerd, pet lover, and AMC/Jeep enthusiast with a B.S. degree in public administration from George Mason University.

Quotes

Some of the sharpest men in argument are notoriously unsound in judgment.

But rulers have the same propensities as other men; they are as likely to use the power with which they are vested, for private purposes, and to the injury and oppression of those over whom they are placed. . . .

Knowledge will forever govern ignorance: And a people who mean to be their own Governors, must arm themselves with the power which knowledge gives.

I don’t take drugs, I am the drug.

We must be careful not to discourage our twelve-year-olds by making them waste the best years of their lives preparing for examinations.

Beware you be not swallowed up in books! An ounce of love is worth a pound of knowledge.

In peace, as a wise man, he should make suitable preparation for war.

Control your own destiny or someone else will.

Despite the constant negative press covfefe

A man is the sum of his misfortunes. One day you’d think misfortune would get tired, but then time is your misfortune.

The great delusion of mankind is in supposing that to be individual and exceptional which is universal and according to law.

If your religion does not change you, then you had better change your religion.

There is a thin line between genius and insanity. I have erased that line.

The price system works so well, so efficiently, that we are not aware of it most of the time. We never realize how well it functions until it is prevented from functioning. . . .

He who fights with monsters should look to it that he himself does not become a monster. And if you gaze long into an abyss, the abyss also gazes into you.

I call heaven and earth to witness against you this day, that I have set before you life and death, blessing and curse; therefore choose life, that you and your descendants may live, loving the LORD your God, obeying his voice, and cleaving to him . . .

Men must see that force begets force, hate begets hate, toughness begets toughness. And it is all a descending spiral, ultimately ending in destruction for all and everybody.

You know, Gina, Apple [Computer Inc.] is like a ship. That ship is loaded with treasure, but there’s a hole in the ship. And my job is to get everyone to row in the same direction.

If you don’t believe in the innate unreasonableness of human beings, just try raising children.

Forced compassion is slavery. It dulls people’s sense of caring for others. Without compassion people become as animals, willingly sacrificing the lives of others just to get ahead.

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Manifesto of an Employee-Owner

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