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John D. Rockefeller |
Every so often I read a book about ultra-rich founders of vast fortunes. Rockefeller, Warren Buffet, and Sam Walton have something in common - they kept track of the smallest transactions and kept their eyes on the numbers.
Rockefeller quibbled over how many chicken legs they ate at a restaurant. He thought he was being overcharged. Buffet wondered at a child what could be done with all the traffic going by his house. He owns or owned GEICO insurance, which he bought when it was insolvent. Sam Walton called in an accountant and accused him of trying to "ruin this company." The computer printing sheets did not allow for fractions of a penny - not wide enough. "You find the solution!" A Walmart executive asked his secretary to buy more pencils. She asked what happened to the last box.
No, I do not admire any of the super-rich founders. They were pirates, but they paid attention to overhead. All the income in the world means nothing when the overhead is growing faster than a Fuller fad.
That overhead issue is the sinkhole being experienced in the denominations. Their wealth has become their chains. Have you noticed how much they love new buildings? LCMS-WELS-ELS. Large, luxurious office buildings are the most important. After that, deluxe seminaries ot impress the future students and their parents. College campus are always on the list for big projects that become white elephants. No one dare criticize buildings for "our future heritage."
Enrollments are down and many students need to take online classes so they can work enough to pare down the cost of synod education. This has turned college and seminary buildings into Stonehenges of education. "Pa, why do they have a huge library? We have all that on a hard drive and a Google search." Ft. Wayne squandered gazillions on a library face lift. Mequon built a chapel equal to Tiefel's massive ego. Ditto Martin Luther College - the chapel money they stole and had to pay back. The ELS has a Marvin Schwan campus, copper top chapel, and headquarters with a disappearing membership base. The WELS Love Shack is as luxurious as the LCMS Purple Palace, but Missouri has little Purple Palaces for each district.
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Martin Luther College, WELS, was far ahead of the rest of the Lutherans. They foster a truly transforming educational experience. |
The Pan Lutheran Association of Nonbelievers knows all about the bottom dropping out of membership and income. They have worked hard to drain off the equity of their members estates and fund their follies. Then it stops.