{"id":383916,"date":"2018-11-06T12:24:11","date_gmt":"2018-11-06T11:24:11","guid":{"rendered":"http:\/\/rinf.com\/alt-news\/newswire\/owners-vs-managers-lewrockwell\/"},"modified":"2018-11-06T12:24:11","modified_gmt":"2018-11-06T11:24:11","slug":"owners-vs-managers-lewrockwell","status":"publish","type":"post","link":"http:\/\/rinf.com\/alt-news\/newswire\/owners-vs-managers-lewrockwell\/","title":{"rendered":"Owners vs. Managers &#8211; LewRockwell"},"content":{"rendered":"<div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t                            \t<!-- S3 Cache --><!-- S3:S3:Original -->\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n<p>When I was in law practice, I represented employers in matters involving labor law. My experiences confirmed how respect for the inviolability of private property interests was the essential element not only for a peaceful and orderly society but also for a world of individual liberty free of the violence and destructiveness of political systems. One of the things I noticed with a high degree of consistency was that clients who were the <em>owners<\/em> of businesses tended to take longer-term (timewise) and more philosophically principled actions than did those who were only <em>managers <\/em>of the firms they represented. Ownership carried with it a perspective that was inseparable from the personhood of the owner. Business firms with such names as \u201cFord,\u201d \u201cChrysler,\u201d \u201cWestinghouse,\u201d \u201cJ.P. Morgan,\u201d and \u201cRockefeller,\u201d reflected the sense that the personality of the creator-owner transcended his own life and carried over into the family-name shared by his children and grandchildren. In much the same way that long-standing farms would have family cemeteries on them, \u201cproperty\u201d was looked upon as more than a temporary convenience or asset. One who was an owner cared about the long-term implications of his\/her decision-making that extended beyond their death.<\/p>\n<p>The mindset of the <em>manager<\/em> of an enterprise, I observed, was much different. Being an <em>employee<\/em> of a firm owned by another, his\/her perspective extended, at most, to the end of the contract of employment. There is nothing dishonest or irresponsible in this arrangement; it only demonstrates some of the costs incurred when <em>ownership <\/em>is separated from <em>control <\/em>of property. The owner would not want the manager to share in his\/her ultimate authority over the property; nor would the&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.lewrockwell.com\/2018\/11\/butler-shaffer\/owners-vs-managers\/\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>When I was in law practice, I represented employers in matters involving labor law. My experiences confirmed how respect for the inviolability of private property interests was the essential element not only for a peaceful and orderly society but also for a world of individual liberty free of the violence and destructiveness of political systems. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[519],"tags":[],"class_list":{"0":"post-383916","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-newswire"},"_links":{"self":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/383916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/comments?post=383916"}],"version-history":[{"count":0,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/posts\/383916\/revisions"}],"wp:attachment":[{"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/media?parent=383916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/categories?post=383916"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/rinf.com\/alt-news\/wp-json\/wp\/v2\/tags?post=383916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}