Codie Sanchez

By and large, these people treat their employees well.

Their small business employee happiness is 40, 60 percent higher than big business employee happiness.

So like the net normal, we are all some version, maybe less slightly altruistic than John Mackey.

What happens then?

Well, then you start to get people who are shareholders in the financial benefit of the company, but nothing else.

And that, I think, is where capitalism's got a little screwy and why I like private companies and not public companies, because public companies are beholden to four months.

You know, they have quarterly goals and that's it.

And every, you know, three month session with a quarter comes, they're using the next quarter to think ahead about what the next quarterly call is.

Yeah.

And so I'm curious to see, because this is a little technical, but, you know, we've seen since basically the 1990s was the height of public stock market investing.

That was also when most companies ever were listed on the public exchanges since then.

We have had that was about 9000 companies were publicly listed.

Now there's about 4000 companies publicly listed.

Why?

Because you get a colonoscopy nonstop.

Yeah.

Because you have to have like three people in your mind, which is your shareholders, your employees and your customers.

They're kind of all at war slightly with each other, but definitely the shareholders are at war.

And then you have all this government red tape about what you got to do with your company overall.

And so I think that what happened in our society is that public companies and the stock market created this false buffer between what happens to employees and customers and what happens to shareholders and Wall Street.