The crumbling starts


It's always a sad moment when a successful local company sells out to faceless bean-counters from God-knows-where. It happens pretty regularly in Portlandia and surroundings.

I got that feeling again the other day when I read this story about what's happening at the Les Schwab tire stores. What a great company to do business with. But already the new owners, a hedge fund in California, seem to be changing the culture. Having seen it too many times, I worry that in five years, or even less, you may not recognize the place. And I don't mean that in a good way.

Let's pray for a pleasant surprise.

Comments

  1. "The point, ladies and gentleman, is that Greed, for lack of a better word is Good" -- Gordon Gecko

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  2. Dad makes the kids rich, the kids sell out and destroy the business for all the employees. Les Schwab never really had great tires, but they had great service. How long before the free tire repairs go bye bye?

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