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Molson_Hart's profile
Molson Hart
Molson Hart
Molson Hart
@Molson_Hart

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Molson Hart

@Molson_Hart

CEO at http://amazon.com/viahart . CEO at http://edisonlf.com . I tweet about business, e-commerce, supply chain, health, law, & infrastructure

Austin, TX
Joined July 2015

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    1. Claire Lehmann‏Verified account @clairlemon Mar 25
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      Claire Lehmann Retweeted Michael Tracey

      When Bill Gates was running Microsoft in his 20s, he made sure to have enough of a buffer to pay every employee’s salary for a year in the event of a revenue decline. Struck me as not only smart, but extremely ethicalhttps://twitter.com/mtracey/status/1242843156900708357 …

      Claire Lehmann added,

      Michael TraceyVerified account @mtracey
      Why aren't massive corporations expected to have large reserves of cash savings on hand in case of emergency, just like regular Americans are?
      164 replies 503 retweets 3,253 likes
      Show this thread
    2. David Orr‏ @orrdavid Mar 25
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      Replying to @clairlemon

      Bill Gates ran a monopoly and intended to do so. Such a strong monopoly can weather a storm quite well, compared to an extremely competitive, thin margin, high fixed cost business like a restaurant. Thiel talks about business quality in his book. This is a perfect example.

      1 reply 0 retweets 1 like
    3. Molson Hart‏ @Molson_Hart Mar 25
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      Replying to @orrdavid @clairlemon

      But that’s everybody’s goal. Can’t fault him for that. Also he claims to have done this before he had a monopoly, when Microsoft was just starting out.

      1 reply 0 retweets 0 likes
    4. David Orr‏ @orrdavid Mar 25
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      Replying to @Molson_Hart @clairlemon

      I don't fault him for it. But I don't give him credit for being especially ethical just for having money to pay workers longer. That said, what he's done after his time at Microsoft makes him a saint.

      1 reply 0 retweets 1 like
      Molson Hart‏ @Molson_Hart Mar 25
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      Replying to @orrdavid @clairlemon

      I think it’s both a smart business move and, maybe not ethical, but thoughtful and considerate towards your community. Barring an unexpected catastrophe, no one my company will get laid off and I am enormously proud to say that I can be there for my people during this tough time

      10:43 PM - 25 Mar 2020
      • 1 Like
      • David Orr
      1 reply 0 retweets 1 like
        1. New conversation
        2. David Orr‏ @orrdavid Mar 25
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          Replying to @Molson_Hart @clairlemon

          Yeah it's awesome, especially when some management can weather the storm but doesn't pay workers anyway. Those guys are jerks. Most businesses just don't have that option, though. The game of capitalism doesn't let them for certain industries etc.

          1 reply 0 retweets 1 like
        3. Molson Hart‏ @Molson_Hart Mar 26
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          Replying to @orrdavid @clairlemon

          With how cheap and available capital was, you’d be hard pressed to find a a company who couldn’t raise money to keep that cash on hand. If your company is big enough to be publicly listed you have an amazing business. If it’s losing money it’s because management sucks.

          0 replies 0 retweets 1 like
        4. End of conversation

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