tag:blogger.com,1999:blog-6059095776066394557.post9205638985351928065..comments2023-10-25T03:22:30.728-06:00Comments on Ragamuffin Studies: Who's Out of Touch: Rejecting "Shared" SacrificeElisheva Hannah Levinhttp://www.blogger.com/profile/16061377724926154037noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6059095776066394557.post-49477007439985131022011-05-14T20:48:33.887-06:002011-05-14T20:48:33.887-06:00Eating the rich, like that a lot. An old friend of...Eating the rich, like that a lot. An old friend of mine that owns a manufacturing facility in the West Texas area coined a phrase "eating your equipment". He was very clear in his explanation when questioned about his "excessive profit" by one of his customers during a bid process on a project when compared to other bids on the same project. The explanation, which I was fortunate to hear, centered on why profit was essential in maintaining a healthy business that would be able to service this customers needs in the future and insure his company's survival. During the next business downturn in the early 90's he was proved correct by being the last man standing so to speak when the other two companies were not able to weather the down turn. I also would point out that he retained his work force thru that period.<br /><br />Good essay Elisheva.David Maxeynoreply@blogger.com