Tommy Tainant
Diamond Member
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- #21
'I did the right thing': Richer Sounds boss has no regrets
In a world of precarious work and heavy retail job losses, good deeds are as rare as hen’s teeth. The act was made all the more impressive by Richer’s decision to give a third of the £9.2m windfall he received for his stake back to more than 500 staff, handing them £1,000 for every year’s service.
“Capitalism is inherently evil because it’s based on greed so you have to rely on people to do the right thing,” he says. “I’m doing the right thing because I sleep better at night, and my business is better off because of it, but a lot of people don’t and that is why the state needs to be firmer.”
He made the big reveal on Tuesday morning at the retailer’s annual store manager conference. Crammed into a small Salvation Army hall in central London, some employees were suspicious but later confessed they had anticipated some extra annual leave. With an average payout of £8,000, the announcement was initially met with hushed silence but within a short space of time Richer would receive a standing ovation from cheering staff.
Julian Richer is the acceptable face of capitalism. His approach to business is the mirror opposite of the corporate goons who dominate most of the worlds commerce.
Richer’s business ideas have, he says, been reinforced by his decision to embrace Christianity in later life, but an early influence was a “socialist” housemaster at his boarding school, Clifton College in Bristol. “I was baptised when I was 47 and I’m very proud of that,” he says. “I call my faith practical Christianity. I just want to try and make the world a better place.”
Who would have thought that doing the right thing would work ? Christianity and socialism go hand in hand.
Here.....he explains "Greed" and socialism and how they go hand in hand....
So Mr Richer is a capitalist and a socialist. He has no problem combining the two.He is a Christian as well. He seems by any measure to be an exemplary character.