January 31, 2009

Update on Goetz Yachts - back in operation.

The Providence Journal reported Friday that Goetz Yachts is back in operation, rehiring 40% of its workforce last week and 40% this week after a client recommitted to an $8 M project that had been halted due to economic conditions. Eric Goetz reported that many of his employees were working over the last couple of weeks despite not being paid for their effort. That's dedication that you won't find in most businesses. The downside is that the company is operating in receivership. I'm rooting for them to pull this one out.


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