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Loving Your Facilities: A Key to Business Success
In his column from April 2025, Jim Thompson reflects on the
differences between privately held and publicly traded companies, particularly
within the pulp and paper industry. He posits that privately owned firms often
outperform publicly traded ones due to a stronger sense of ownership and
long-term investment in facilities. Thompson illustrates this with the example
of a successful multi-generational family farm that prioritizes reinvestment in
their operation over personal luxuries. He contrasts this with the pressures
faced by management in public companies to prioritize dividends and…
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