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.
What if there were an alternative corporate model ... that was still globally competitive but empowered local workers and addresses income inequality? Mondragon Corporation [is] a federation of 103 worker-owned cooperatives based in the Basque region of Spain. The corporation employs more than 74,000 people around the world. About 60,000 are worker-owners. Managers at Mondragon cannot make more than six times the salary of their lowest paid workers. YES! talked with Josu Ugarte, the president of Mondragon International. UGARTE: We combine economic issues with social ones. Apart from sharing profits, ownership, and management, we have three key values: solidarity, inter-cooperation, and social transformation. Our solidarity in terms of salaries changes the distribution of wealth in society. If the Basque region in Spain were a country, it would have the second-lowest income inequality in the world. This is social transformation. One thing I want to point out is that we’re a business, so we need to remain competitive. If we don’t do that, then we cannot create and share value. There are differences in the profitability of different companies within Mondragon. For example, if one company is turning a profit every year, then they are giving 30 percent of that profit to Mondragon. [If] another company gives nothing because they are not making a profit, [then] that can seem unfair. But the company that is successful today may have needed help 20 years ago. That is ... one of the keys of our success.
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