Originally Posted by
RevolverRob
In the most technical sense.
It's a Private Equity Firm that owns STI currently. And that is, as I understand the agreement, a buy up of controlling interest with investment capital to get the company solvent. The PEF will collect it's profit, and then the Employee Owners of STI will buy them back out, after the infusion of cash, management turnover, and profitability come.
It's a smart move for a company owned by its employees who do not necessarily have the financial standing to substantially improve their own company.
In that sense, yes there are bean counters. But since the PEF profits both from their investment and the sale back of a profitable company, it's in their interest to walk the margin of profitability and production quality.
And technically all companies have bean counters with great say so. If you don't turn a profit, you never grow.