When the e-mail dropped into Charlie Silverton’s inbox he must have known instantly that it was the kind of message entrepreneurs dream of, the kind that can change lives.
A follow-up phone call confirmed it: Silverton could be rich. Very rich. The company, which builds drone spy planes for NASA and the US military, wanted to buy Silverton’s young business.
“One thing I do know is that once you start painting things green and selling them to the army you are talking in millions,” he says. But Charlie Silverton rebuffed the offer, from a company whose name has been withheld, without even knowing how much was on the table after discussing the deal with his 20 staff. He is the man who turned NASA down.
As with all major decisions, Silverton and Anderson took the issue to the staff. The company is run on a consensus basis and the owners are just two votes among 20.
Another major influence on the decision, says Silverton, was ethics. “We wanted to do something good. It is quite difficult as an engineer to look back at the end of your career and say ‘everything I did was good’.”
Bravo to Charlie and his associates. For making a choice based on their own standards. The right to do so — whether it concerns business, politics, life style or whatever — appears to be alive and well.
I would not be surprised that it was because the company that wanted to buy his wanted him to relinquish the rights to ALL OF THE PANTENTS AND THE DESIGNS.
Also, expect retaliation from that snubbed company in the form of enhanced copies of their designs that are different enough to be legal but yet able to impede any annovation from his company.
Personal ethics and/or standards in buisness. And giving the employees equal votes too.
Kudos
(how much you want to bet those employees are going to sacrifice to stay in a good job like that! I’ll bet they are very loyal to their employers/company. more companies should pay attention.