PBS NewsHour Story on SRC Holdings

On April 28, the PBS NewsHour did a followup story on ESOP-owned SRC Holdings (formerly Springfield ReManufacturing Corp. The story shows how the open-book management at SRC and businesses SRC has worked with has allowed them to grow to 1,200 employees and survive the recession without a layoff despite a significant reliance on the automotive industry. (And the company is now hiring.) To see the story, go to this link on the PBS site.

At the annual Great Game of Business meeting, Stack gave an extraordinary speech about why the economy is on the verge of a rapid recovery and how companies need to prepare for it. He also discussed how SRC used high-involvement contingency planning to manage through the recession to develop new business opportunities. Stack's New York Times blog will have a transcript of the speech in successive installments.

This is the most insightful speech I have ever heard about managing a business and a must-read for ESOP companies.