it, because we have to give them the money too. You know, we did a lot of inventing of the program then. Yeah, yeah. Wait a minute. Yeah, there are two. Brian's here, so. Brian Selaf. Randy Wilburn: So, John, you've always reached our group to focus on the value and not the percentage.
John R. McAdams: I think it's always been great.
Randy Wilburn: Point out something I've taken away from you. The system's worked out well over the years, but I think if you just talk a little about what you shared with us in our group as you've lowered your stock, your value with what you do with your employees, and the retention rates and all that. Yeah, it just continually keeps growing the value. John R. McAdams: Ah, yeah, yeah. Well, this program is of central importance to McAdams Co. It's, not a very well-kept secret. Only, you know, one out of eight people is in the program. But a lot of thought goes into it, and there's a lot of appreciation for it. But yeah, Brian, you're right. I have Preached. And I know I've said it and you've repeated it back to me. Don't focus on percentages. this isn't about percentages. It's about value. I just offered Bob $25,000, and who knew what the percentage was? All right, but you have $25,000 of value now. Let's grow that value. percentages just don't work. How do you move somebody up this line as the percentages are always, always changing? And if you say, okay, hey, I'm, I'm the owner of this small company, but some other people are helping. So person number one, you have 10% in persons two and three, you have 5 and 5%, and I have 80%. Okay, that's great. What happens three years later when the contribution of those people is different and you need to cut somebody else in? I don't know how you handle that with percentages. If somebody else has been cut in, out of whose percentage does that cut come? Let's just focus on dollars. It's so much easier, so much more fine-grained. okay, this is just John McAdam's feelings about these things. I'm just throwing this out for people to ponder. Yes. No, no, no, no. Their stock is. Stock value is growing. And if they own a few hundred thousand dollars of McAdams stock, in almost all cases that way exceeds the equity they have in their house. I mean, that's a good thing. And it grows, you know, from 2012 to 2023, we grow. Grew at an annual rate. Our stock value grew at an annual rate of about 22%. I mean, it doubles in three years at 22% compounded. So, no, we don't feel like we need to, hey, you know, come stroking. I'm so sorry that we're not giving you more stock here. Here's a consolation prize. No, no, no, no. let's just all take this great company that we love and let's make it bigger and better. Let's, let's grow it. Our jobs do get bigger as the company gets bigger. You promote people from within.
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