Quote:
Originally Posted by NottaVillager
This is true. Many times younger generations do not want to do what the earlier generations set in motion. This is most evident on today's family farms. And many times once Grandpa & Dad are gone..the offer to sell out and enjoy is too great to resist.
While this story does not involve a "family" business it does speak to the "we're here forever" statement....
I grew up in a small town in upstate NY called Owego. Owego is about 10 miles west of another small town called Endicott. Because of the way the school lines were drawn, while I lived in Owego, I went to school in Endicott.
Endicott, NY just happens to be the birthplace of a little company called IBM. In 1980 the population of Endicott was about 20,000 people. Owego's population was about 6,000. In 1980 IBM-Endicott and IBM Federal Systems Division in Owego employed 25,000 people. (Talk about FULL employment!) This number did not take into account the hundreds or thousands of people who were in the employ of a number of ancillary businesses located around IBM who were side suppliers or sub-contractors.
IBM was the local corporate "Santa Claus" to the local school districts, fire departments, police departments and charitable organizations. They operated a FREE country club for IBM employees and their families. At Christmas time each employee's children received an age-appropriate wrapped quality Christmas gift.
Many people my age walked out of the high school on graduation day, crossed the street, walked to the northern end of Washington Avenue and in the door at IBM's HR department and walked right into what they THOUGHT was a lifetime job. It always had been and there was never any reason to think differently.
My father was a R&D engineer for IBM. My wife's dad was a chemical engineer at IBM. Most people we knew worked at IBM. When the infamous words "Houston..we have a problem" were uttered from Apollo-13 there were a whole lot of lights that snapped on in Owego since many of the rocket's systems had been built in Owego.
IBM had started in Endicott and would be there forever. The company had expanded it's buildings and campuses..The words from IBM couldn't have been more positive.
But...In the late 90's it all came to a screeching stop. IBM essentially left town. They went from a workforce of 25,000 down to about 400 today. Building after building is empty with no hope of it ever being reused. They shuttered their newly-expanded R&D lab and either transferred or discharged the engineers employed there. The Owego plant was sold to several different companies, although it has now once again found some footing under Lockheed, and the new Marine-One helicopter will be produced there in part.
Virtually all of the guys I knew who had graduated from high school and walked right into what they thought were lifetime jobs are now unemployed or employed in jobs that don't even come close to the pay and benefits they had under IBM.
This story has happened in many places..but IBM was/is a "tech" company and we keep getting told that the future is tech. There was never the slightest whiff that IBM would ever leave it's birthplace. And then one day they were..GONE. The corporate announcement was that it was a BUSINESS decision.
So while the Morse family says that they are "here to stay"..and they very well may be. However the day may come when the BUSINESS decision for the family might very well be a fat payday and a farewell to TV.
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While I think we all understand the point made above, as Villages homeowners
we do not depend on the developers for our livelihood nor a 40-year career and pension.
We 50,000+ homeowners also do not depend on the developer for our housing, commercial nor recreational needs. We all own our own single-family homes on which half have no mortgage, and our community development districts own or will eventually own all the recreational facilities and venues.
The developers own the millions of square feet of commercial leasing properties, and they wisely built this place with a smart consumer base that does not want to go farther than a golf-cart ride to shop, much less go out of town. They, or somebody they know, will probably continue that huge revenue generator. If they don't, somebody will.
If we don't like it in the future, we can move.