The Bosch family is not involved. I only notice them via public news essentially.
It is nice to know that a big part of our profits goes into a charitable foundation instead of faceless stock holders.
Not being a public company means nobody cares about quarterly results. There is rather a yearly rhythm. The downside is that Bosch cannot get big cash infusions quickly. In case of a pandemic, this is an additional risk. Worked out though.
> Not being a public company means nobody cares about quarterly results.
And this is why I like Bosch so much (as an employee for a very similar amount of time). The working climate in most places is relaxed compared to most competitors and there's less focus on looking great in random metrics every quarter, which makes actually doing your work easier.
> The downside is that Bosch cannot get big cash infusions quickly. In case of a pandemic, this is an additional risk. Worked out though.
Yep, it actually worked out much better than anticipated. They were able to generate a free cash flow of 5 billion Euro. AFAIK that was mainly because Bosch has a very good reputation of being financially stable. (Here is the source in corporate speech https://www.bosch-presse.de/pressportal/de/en/bosch-stays-on...)
Btw, I remember your nickname from your lobsters post about software architecture. Pretty cool to see fellow Boschlers active here or on lobsters!
The Bosch family is not involved. I only notice them via public news essentially.
It is nice to know that a big part of our profits goes into a charitable foundation instead of faceless stock holders.
Not being a public company means nobody cares about quarterly results. There is rather a yearly rhythm. The downside is that Bosch cannot get big cash infusions quickly. In case of a pandemic, this is an additional risk. Worked out though.