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MANUFACTURING
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WGI Westman Group Inc.
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Cunningham point out, it opens up the pos-
sibilities of further acquisitions as a means of
expanding the overall business portfolio.
One fundamental testament to a company’s
business practices centres on the way it treats its
employees. A happy employee doesn’t spend
time looking for another job. At WGI Westman
there are many long-tenured employees because
they feel they are treated with respect. The com-
pany has remained in private hands – avoiding
any temptation to go public. Both Edwards and
Cunningham say there’s a very simple, straight-
forward reason for that.
“We’ve never had the need to go public or
wanted to go public,” Edwards responds. “We
want to keep the profits in the company.”
“The Edwards family are the ultimate owners,”
Cunningham replies. “I used to always say we’re
the opposite of the income trusts. They used to
pay out 90% and keep 10%. Russ probably paid
out 5% and I got to keep 95% and play with it.”
“We’ve never had the need
to go public or wanted to go
public. We want to keep the
profits in the company.”
– Russ Edwards, Founder and
Chairman, WGI Westman
Russ Edwards, Chairman
Paul Cunningham, President & CEO
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