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	<title>Pebblestorm &#187; Case Study</title>
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		<title>[CEOFlow] Love or fear this company; and a sales compensation example</title>
		<link>http://pebblestorm.com/2008/06/26/love-or-fear-this-company-a-sales-compensation-example/</link>
		<comments>http://pebblestorm.com/2008/06/26/love-or-fear-this-company-a-sales-compensation-example/#comments</comments>
		<pubDate>Thu, 26 Jun 2008 07:29:24 +0000</pubDate>
		<dc:creator>aaronross383</dc:creator>
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		<description><![CDATA[Semco is a company that has been incredibly inspirational to me &#8211; I love it!  However, some people get the creepy-crawlies when they learn about it and how the executives let go of control: &#8220;Semco has no official structure. It has no organizational chart. There&#8217;s no business plan or company strategy, no twoyear or five-year [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://67.222.6.107/~pebblest/wp-content/uploads/2008/06/love.jpg"><img class="alignleft size-medium wp-image-89" src="http://67.222.6.107/~pebblest/wp-content/uploads/2008/06/love.jpg?w=300" alt="" width="198" height="146" /></a>Semco is a company that has been incredibly inspirational to me &#8211; I love it!  However, some people get the creepy-crawlies when they learn about it and how the executives let go of control:</p>
<p><em>&#8220;Semco has no official structure. It has no organizational chart. There&#8217;s no business plan or company strategy, no twoyear or five-year plan, no goal or mission statement, no longterm budget. The company often does not have a fixed CEO. There are no vice presidents or chief officers for information technology or operations. There are no standards or practices. There&#8217;s no human resources department. There are no career plans, no job descriptions or employee contracts. No one approves reports or expense accounts&#8230;<strong><a href="http://ceoflow.com/2008/06/26/love-or-fear-this-company-a-sales-compensation-example/">Continued on CEOFlow</a></strong><br />
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