The Hattiesburg news. (Hattiesburg, Miss.) 1908-1917, 1912-03-22

All of the employees are elected by |
the stockholders.
All of the directors, president, and |
employees, being elected to their jobs, |
by the stockholders, naturally look to |
the stockholders for their orders, in
stead Of to the president or directors. |
AS a result, the president and di-
rectors are powerless to run the cor
poration as economically as it should
be run.
Very frequently, the president is
criticized by the stockholders because
he does not get certain results.
Sometimes the directors are roasted
by the stockholders because they do
or do not do certain things
The real trouble lies in the fact that
the directors and president have no
control over many of the things and
employees that they should control.
Sometimes, when the president tries
to get a certain employee to do some
thing, the employee very quickly tells
| AnG lItSlutnl llldl Illt GlllplONtt JOD
came from the stockholders, and that
the president has no right to criticize
him or to fire him for inefficiency.
AS a result the corporation is run
in a haphazard manner; no one is re
sponsible for anything and the only
reason it does not fail is because it
can get all the money it wants, by as
sessing the stockholders from time to
time This privilege of making the
stockholders come across with more
money when needed is all that keeps
the concern afoat.
This corporation has a hard time
getting first-class business men to
serve as directors. The salary is so
small that it is not worth considering
and most men consider that there is
mighty little honor attached to the
job.
The president gets but little salary,
for there is very little real RESPONSE
bility attached to his job. When he
takes the job, he goes in with lot of
hope as to what he will accomplish
during his term of office, but he soon
l finds that he has no real control over
the administration of affairs, as do
presidents of most other corporations
where the company can run it's af.
- fairs more economically and skillful-
ly, but he is powerless to put into eff
> feet the changes that are necessary
y So he goes through his few years of of
flee as best he can and lets it go at
e that.
S Would any reader of The Evening
ager of a big corporation unless he
could have the privilege of selecting
employees that, in his judgment would
work for the best interest of the com
pany?
would any reader of The Evening
star care to own stock in a corpora
ton that is run like the above corpora
ton, and have TO dig down for assess
II ents, whenever the corporation was
spending more money than it was
earning?
II you did own stock, in such a cor
pofation, how long would you let il
lie managed that way Would you not
oall special meeting Of the stool
holders and change methods of ad
ministration?
Would you not want to get rid o.
your ten directors who do not direc
capably and get rid of your president
who, having no real power to manage
is only a figurehead?
Would you not prefer to substitute
COR this swarm of directors and pow
erless president, three first-class bust
ness men, who have proved their abill
ty in business?
OF course, you would have to pa.
these three men good salaries-enougl
to attract them away from other goot
businesses.
If you give these three men thu
power to run the corporation, as il
their best judgment it should be run
then you will be able to get really abb,
men to take the jobs as managers.
But these three men will insist the!
have the right to hire and fire the EN-
ployees of the corporation. Every sue
cessful corporation gives its manaa
ers this privilege, and this is one o
the reasons why such corporation
succeed.
OF course, like all other corporation
the managers would have to refer t.
the stockholders for approval, all cor
tracts and purchases above a certai
amount.