Inspiring News Articles
Excerpts of Highly Inspiring News Articles in Major Media
Below are one-paragraph excerpts of highly inspiring news articles from the major media. Links are provided to the original inspiring news articles on their media websites. If any link fails, read this webpage. The most inspiring news articles are listed first. You can also explore the news articles listed by order of the date posted. For an abundance of other highly inspiring material, see our Inspiring Resources page. May these inspiring news articles inspire us to find ever more ways to love and support each other and all around us to be the very best we can be.
When Canadian journalist ... Frank Koller published his book Spark: How Old-Fashioned Values Drive a Twenty-First-Century Corporation: Lessons from Lincoln Electric's U, about the profit-sharing model pioneered at Cleveland’s Lincoln Electric, it encouraged Making Sense to return to the manufacturer after first reporting on them back in 1992. Two years later, Koller now updates us on yet another profitable year for Lincoln. Frank Koller: Here are the latest numbers for the Ohio-based multinational welding manufacturer, now 118 years old. 80: uninterrupted years of paying an employee bonus (i.e. profitable every year since 1934). $33,029: average 2013 bonus per U.S. employee (roughly 3,000 employees). $81,366: average 2013 total earnings per U.S. employee (wages or salary + bonus). $100.7 million: total pre-tax profit shared with employees, Lincoln’s largest bonus pool ever. 0: number of layoffs in 2013 (that makes 65 years without any layoffs) #1: Lincoln Electric remains number one in the global marketplace in its industry. These figures once again provide convincing and reassuring evidence that with an unwavering commitment to respecting employees by offering the opportunity to significantly share in the profits of the firm, while demanding their very best, it is possible to run a very profitable, very large, technologically superior multinational business based in North America while also honoring a firm’s obligations to its customers, investors and society at large.
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