This is a heart-warming story.

Here is a man who started a local business, built it up from nothing and sold it off to make his fortune.  But what is better is that seven of his staff decided to take a stake in their own hard work and bought shares in his business at the beginning.

They stumped up their own cash and essentially took a financial interest in their own work ethic.  And the result.  Well I think that former owner Gerry Hegarty probably summed it up in his quote in the paper “When I walked out the door on Friday I left behind seven millionaires.”

During the Great De-Nationalisation of Britain the Thatcher government brought share ownership to the masses.  Public servants like my dad were able to own share portfolios and reaped the rewards accordingly.  Socialists sneered that share ownership was not for the likes of the proles and that Government is the only shareholder you need.

But today there are 7 families in Glasgow celebrating because they turned their back on small minded socialist ideas and grasped at a risk.  That risk paid off and I hope that each family lives in exquisite luxury for the rest of their days.

Good for them.

Said RfS @ 11:00 am | Permalink   

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