John Bassett III at Concord University 11-14-18 (1080 HD)
John Bassett III, chairman of Vaughan-Bassett Furniture Company, author of βMaking It in America,β and the subject of the NewΒ ...
Senior Vice President & Chief Operations Officer, Bassett Furniture Inds
Search every verified John Bassett interview, podcast appearance, and on-the-record quote β each transcript cross-checked by AI and human review to confirm speaker identity. John Bassett III, chairman of Vaughan-Bassett Furniture Company, has spoken publicly about his company's efforts to compete with Chinese furniture imports. He stated that after China joined the World Trade Organization in 2001, prices plummeted and his company decided to keep manufacturing in the United States. Bassett said the company formed a coalition of 29 companies and spent $55 million on litigation alleging that Chinese manufacturers were violating international trade rules, and that the effort was successful. He described his company as "100% domestic made" and said it is "one of the last of the solid wood furniture makers" in the United States, employing 700 people in Galax, Virginia. Bassett has discussed his management philosophy, which he said includes rules such as maintaining a winning attitude and providing leadership by example. He said the company invested $6.5 million in an automated rough mill, reassigning affected employees without cutting pay and reducing headcount only through attrition. During the 2008 financial crisis, he said the company created a free clinic for employees and their families to retain its workforce. Bassett has also commented on the millennial generation, stating that they "may not work as long hours as before, but they are better fathers and better with their children." He is the subject of the book "Factory Man" by Beth Macy, which he described as "the most famous furniture book that's ever been written."
“We are not against globalization ladies and gentlemen, we just want it to be played fair. There are rules at the WTO, there are rules at the United States government, and they violated a lot of them. So listen to our story.”
“I put together 29 companies and we formed a coalition because we thought the Chinese were cheating. We hired a law firm in Washington D.C. and after years of litigation, it cost us fifty-five million dollars, but we were successful.”
“Rule number one in business is attitude. If you don't believe you can be successful, then you're going to lose. We Americans are the greatest country in the world, and we have to start thinking like winners.”
“We invested hundreds of thousands of dollars in new equipment to show our people we were not going out of business. Management would not turn tail and run, despite criticism from business schools saying factories like ours were obsolete.”
John Bassett III, chairman of Vaughan-Bassett Furniture Company, author of βMaking It in America,β and the subject of the NewΒ ...
One of the themes of the Next:Economy Summit is how our choices shape our future. The destruction of good jobs is not inevitableΒ ...... wife's grandfather worked for my grandfather and in 1919 he left and started a company called bone bassett furniture companyΒ ...
John Bassett III joins The McGraw Show to introduce book "Factory Man: How One Furniture Maker Battled Offshoring..."
Furniture/Today's Thomas Lester visits Greensboro, N.C. retailer Priba Furniture and discusses the importance of Made inΒ ...
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