Press Release: People-Powered Mining: Little Squinto making workers owners

Submitted by ckaman@mit.edu on Fri, 01/23/2009 - 16:12.

January 23,2009

The Rio Squinto Corporation is proud to announce the formation of a subsidiary company that is revolutionizing the mining business. Little Squinto, LLP makes workers co-partners in the mining business.

By offering its employees shares in the company, workers can help continue developing Institutistan into a shining example of worker-driven industries in the 21st Century.

Now Little Squinto and the workers can develop Institutistan's resources together, and continue to expand into region's that are ripe for mining.

This shareholder model promotes the democratic values that we at Rio Squinto cherish so deeply. After all, by making our workers co-owners of Little Squinto, giving them greater voice in helping us strengthen communities, and continue working to preserve the environment while making them active partners in developing our natural resources.

Little Squinto's triple bottom line is: to serve the best intrest of its shareholders through profit maximization, to develop and use new technologies that advance the mining industry, and to preserve and defend the environment.

Little Squinto already has a number of worker-shareholders but is accepting applications.