Honey, We Bought the Company

Today's video was Livelyhood's "Honey, We Bought the Company" which is about people buying or starting up their own companies. One of the businesses that we looked at was a Taxi company that was started by a group of employees that felt they were not being paid enough by their employer. In their company everybody has a say in the decisions they make which I thought was really cool. I thought it was cool because it showed us how not all companies are formed in your typical hierarchy where there is one person at the tops who is calling all of the shots. They also showed everybody else that their goal was achievable even though some people called them crazy for trying something like that which might have put them into a ton of debt. And now their company is making around $5 million a year which is pretty good amount.

There was also a solar panel business that helped get electricity to those who wanted to have a solar panel to save on their electric bill. They also helped out those without access to electricity which is a huge deal as now those people can use light bulbs to see at night instead of lanterns. And this business is successful because they do not charge people that much per month to make sure that they can make the monthly payments.

And another business that was shown in this episode was about steel workers who allowed a new owner to buy their business for $1 as they promised to split the profit 50-50 with the workers. But as you have probably guessed the owner eventually started to hide profits from the workers so that they could make more money. However, one person from the accounting department decided that they should stand up to their boss and tell the other workers how much they were being ripped off. This led that worker to being laid off and the complete ignorance of the deal that the workers had going on with the boss. But after six long years of not receiving the profit 50-50 the boss was finally able to settle a court case with the employees for $97 million.

Word Count: 368