To make my point another way:
There's really no way to "Go Galt" with a result that in any way that will prove your point.
What Peter Schiff would most likely do is hand the reins of Euro Pacific Capital to a capable person, keep his wealth as equity in the company, and the employees would be fine.
Or he could sell Euro Pacific Capital and, Euro Pacific Capital being really just a fantastic collection of 150 employees, they'd still be fine.
If he was really really stupid, he would dissolve the company. If Peter Schiff laid off everyone at Euro Pacific Capital, he would lose an enormous amount of wealth. Why? Because a good part of the value of Euro Pacific Capital IS that it has a fantastic set of employees and will continue to add them and grow. In this case his employees would probably be hired elsewhere, and several would start their own firms to become billionaires so that they too can threaten to "go Galt".
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment