Comment 53147

By H+H (registered) - website | Posted December 15, 2010 at 10:01:10

Mogadon Megalodon

Great post.

Corporations have narrowed their focus over the past 30 years, it seems to me. In the past, many of them were focused on making money for shareholders over the long term and in investing in communities. Today, far too many of them focus on share price in the short term at the exclusion of almost everything else.

I experienced this exact thing when the company that bought mine was in turn purchased by a billion dollar plus U.S.-based education company. With one year left on my "golden handcuffs" contract, and as a member of the senior management team, we had to sit through weekly conference calls with the California-based executives and talked about share value and never once about community. It was soul-destroying. How not to promote self-fulfillment in your job.

Thankfully there are still people like Jeff Feswick, owner of Historia Building Restoration, who just purchased Treble Hall on John Street and who will be restoring it, ensuring this important piece of built heritage lives on. He sees it as an investment in real estate and in community. What a concept!

gcrawford

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