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Jim Hussey, CEO of Marina Mechanical |
For me this is the third downturn. Just as in the past, I am confident our economy
will rebound and our sense of security will be restored. While we work to bring
about the recovery, it is important to understand as much as we can about the
causes of this particular downturn.
Clearly the events of 9/11 combined with the bursting of the tech bubble started the
down cycle. Energy issues and instability in the Middle East pushed the economy
further toward decline. A troubling factor for all of us in business is the
continuing revelations of impropriety at major corporations like Enron and
World-Com. Excesses of greed combined with alleged criminal activity shook our
confidence in American business and those we rely upon to monitor their
activities.
This presents a challenge and an opportunity. We can each make a personal
contribution to improving our economy by restoring confidence in American
business. Here is how Marina contributes to this goal every day. In 1980 when I
purchased Marina from my father we had no business plan, just a guiding
principal: “Treating our customers and employees with honesty, integrity, and
respect is the key to success.” This statement of values has never needed to
change. It applies to everyone associated with Marina Mechanical in big things
and small. To this day it remains the cornerstone of our operation. It is a more
reliable guide than any formal plan. This simple statement of business
principles is the reason you can remain confident that changes in the business
climate will not affect our commitments to those we deal with.
I
am confident the economic outlook will improve. History tells me that the cycle
will restore us to prosperity and Marina Mechanical, guided by our principles,
will be in front as the economy turns.
Relationships hold it together. Technical expertise and response time make it work. It’s a formula that holds true in good times and bad.
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