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SawStop or not? #1: Intro

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Blog entry by Rob posted 03-07-2014 07:03 PM 832 reads 0 times favorited 2 comments Add to Favorites Watch
no previous part Part 1 of SawStop or not? series Part 2: Do you really want to trust your fingers to electronics that might fail? »

There are a lot of debates swirling around the Internet when it comes to SawStop. You’ve got technology, political lobbying, lawsuits, and violence. Then there’s the limited liability entity—is the founder a greedy overlord, benevolent finger savior, or something in between? In the hands of the right script writer, you could have a pretty intense TV drama or movie. But we don’t have script writers here, so instead we have endless debate. Ughh…. I myself have hopped back and forth from one side of the fence to the other, so I’ll try to boil down some of my thoughts and share what I’ve found in hopes that it will help someone else.



2 comments so far

View Furnitude's profile

Furnitude

346 posts in 2253 days


#1 posted 03-07-2014 09:05 PM

I hope you’ll allow a few points of fact in your argument. You reference SawStop as a “greedy corporate overlord” in your description. SawStop is a private company, so exact information about its size isn’t available; however, it is estimated to have 20-49 employees and annual sales of $1,000,000-$5,000,000. (By comparison, the same source lists Lie-Nielsen Toolworks as having 50-99 employees and $5,000,000-$10,000,000 in annual sales.) In contrast to SawStop, let’s look at the other players in the table saw business. Powermatic is listed as having 50-99 employees and $10,000,000 – $25,000,000 in annual sales. Delta was sold to Stanley Black and Decker (market capitalization of $12,830,000,000), and then sold most recently (2011) to Chang Type Industrial Co., Ltd., a company based in Taiwan. Chang Type Industrial is traded on the Taiwan Stock Exchange, so we know it has a market capitalization of $46,296,600 and annual sales of $55,225,230 (in US$) according to today’s stock price. It has approximately 300 employees. It produces tools under the brands of Ryobi, Craftsman, Black & Decker and Dewalt. Ridgid is a subsidiary of Emerson Electric Company, a Fortune 500 company with annual revenue of $24,222,000,000 and market capitalization of $46,010,000,000. As far as greedy corporate overlords go, I’d say SawStop is a minnow in that ocean. Just as a point of fact, SawStop is a tiny, tiny company compared to the other players in the industry. So for anyone imagining SawStop armed with a team of corporate lawyers, you can believe that if you want to but it isn’t reality. I will not contribute to this thread again or read it and will not respond to any messages about it.

-- Mitch, http://furnitude.blogspot.com Also blog at http://www.craftsy.com/blog/author/mitch-roberson/

View Rob's profile

Rob

408 posts in 1817 days


#2 posted 03-07-2014 09:56 PM

Furnitude, you’re right; I should have checked SawStop’s ownership structure…I was just going for something scary-sounding. As it turns out, they are an LLC, not a corporation. Anyway, that reference was one of three possibilities (“benevolent finger savior” and “something else in between” being the other two options) that I was including for dramatic effect. ;) I guess I’ll have to think of some other scary title for them.

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