There is pride expressed in the ability of a private company to build a strong infrastructure and make decisions based on the long-term success of the company and not simply on the quarterly earnings statement so often considered the holy grail of public companies. This strong desire to be private and independent is only surpassed by their survival instinct. Staying profitable and having the resources to grow without needing an infusion of capital helps them maintain their independence. Many private businesses can take the long view and are not hampered by stockholder profit demands. Every company needs to take risks, even if it has to relearn how to take an appropriate risk for the good of the company and its employees.
Many private companies encourage making decisions at all levels.
The only thing that most have in common with each other is the fact they are private companies. The eighth annual list, which starts on Page 56, is once again compiled in partnership with Arthur Andersen, U.S. Bank Corp. and Washington CEO . The list has grown in importance in the state and copies of it are regularly sought by research organizations around the nation. Please enjoy the issue. I am always interested in your ideas and comments.