Latest update April 25th, 2024 12:10 AM
Nov 17, 2012 Letters
DEAR EDITOR,
I read about the Government’s sale of its GT&T shares. One sentence struck me, i.e. “Initially, when the shares were placed on the market almost three years ago, employees had offered to buy them but this was rejected by Government who wanted them to be purchased en bloc”.
(In the 1990s, when privatisation of GT&T was being discussed, I wondered often why no one suggested sale of shares to employees).
I find the ‘en bloc’ view ironic. One of the most successful companies in the UK, started in 1864, is now owned by its employees. It is a chain of department stores and operates as a partnership, covering not only the department stores, but supermarkets and some other services.
‘The company is owned by a trust on behalf of all its employees – known as partners – who have a say in the running of the business and receive a share of annual profits, which is usually a significant addition to their salary’.
This company has consistently declared healthy profits year after year, which suggests that when employees own shares in the company they work for, they feel personally committed to its success and dedicate themselves totally to make that happen. The company’s success is thus guaranteed and everyone benefits. It is a business philosophy worth thinking about elsewhere.
Next, I read a letter about the late Forbes Burnham and Cheddi Jagan “bequeathing ethnic parties and ethnic voting”.
I find it difficult to believe that these men were racists; I would concede clannish maybe – we all tend to identify closely and associate with people we can relate to.
But both leaders happened to attract and retain a large following according to their race, and eventually, unfortunately, this manifested itself in a very unpleasant way, with very strong feelings surfacing at election time.
Let us not forget the 1953 general elections, held under universal adult suffrage, when the two major races voted as one and the PPP won the elections handsomely, and those two men were top of the heap. Then they drifted apart.
The Guyanese people now live with the consequences, and it would be difficult to break the mould. They will just have to learn to live and let live and hope their children learn from past mistakes.
Geralda Dennison
LISTEN HOW JAGDEO WILL MAKE ALL GUYANESE RICH!!!
Apr 24, 2024
Round 2 GFF Women’s League Division One Kaieteur Sports – The Guyana Police Force FC on Saturday last demolished Pakuri Jaguars FC with a 17 – 0 goal blitz at the Guyana Football...Kaieteur News – Dr. Bharrat Jagdeo, the General Secretary of the People’s Progressive Party, persists in offering... more
By Sir Ronald Sanders Waterfalls Magazine – On April 10, the Permanent Council of the Organization of American States... more
Freedom of speech is our core value at Kaieteur News. If the letter/e-mail you sent was not published, and you believe that its contents were not libellous, let us know, please contact us by phone or email.
Feel free to send us your comments and/or criticisms.
Contact: 624-6456; 225-8452; 225-8458; 225-8463; 225-8465; 225-8473 or 225-8491.
Or by Email: [email protected] / [email protected]