2. Willy Robinson, iNova Credit Union November, 2005

3. Sales and Assets—Caja Laboral

4. Willy Robinson, iNova Credit Union November, 2005 Jobs 1983-2004

5. Willy Robinson, iNova Credit Union November, 2005 Basque Flag

6. Willy Robinson, iNova Credit Union November, 2005 José María Arizmendiarrieta

7. Willy Robinson, iNova Credit Union November, 2005 José María Arizmendiarrieta “Despite being an unverifiable hypothesis, all of us at MCC share the firm conviction that without his (Jose Maria’s ) influence, the so-called Mondragón co-operatives would never have been formed.”

8. Willy Robinson, iNova Credit Union November, 2005 1943— Set-up Polytechnic School 1956—set-up Ulgor 2005—Spain’s 7 th largest corporation

9. MONDRAGON

10. Willy Robinson, iNova Credit Union November, 2005 "To build cooperativism is not to do the opposite of capitalism as if this system did not have any useful features... Cooperativism must surpass it, and for this purpose must assimilate its methods and dynamism.“ José María Arizmendiarrieta

11. Willy Robinson, iNova Credit Union November, 2005 Ten Basic Principles 1. Open membership 2. Democratic organization 3. Worker sovereignty 4. Instrumental or subordinate nature of capital 5. Participation of management

12. Willy Robinson, iNova Credit Union November, 2005 Ten Basic Principles (cont’d) 6. Wage solidarity 7. Co-operation between co-ops 8. Social transformation 9. Universal nature 10. Education

13. Willy Robinson, iNova Credit Union November, 2005 Employee Picture Employee capital account One times salary Adjust CPI Bonuses Employee remuneration Fair wage and 80%-110% of pay 7.5% on average interest on investment Participation Training and Social Council

14. Willy Robinson, iNova Credit Union November, 2005 Organizational Structure

15. Willy Robinson, iNova Credit Union November, 2005 Pre-profit Allocation 15-40% to sectoral group 10% investment in MCC 2% education fund 2% losses fund for group 21% corporate taxes

16. Willy Robinson, iNova Credit Union November, 2005 Profit Allocation 10% Basque government for education 45% retained in co-operative 45% to employees capital account

17. Willy Robinson, iNova Credit Union November, 2005 Education Mondragón university –Engineering –Management –Teaching Otalora Alecop

18. Willy Robinson, iNova Credit Union November, 2005 Innovation Saiolan Ikerlan Garaia Innovation Center

19. Willy Robinson, iNova Credit Union November, 2005 Financial Group Includes banking, social welfare, insurance and leasing businesses. Bank—Caja Laboral Lagun-Aro

20. Willy Robinson, iNova Credit Union November, 2005 Recap Build a network Put employees needs foremost Design a structure for MCC Promote education and innovation Share best practices

21. What Else ???

22. Willy Robinson, iNova Credit Union November, 2005 “equilibrio” focus Workers’ Futures

23. Willy Robinson, iNova Credit Union November, 2005 “ The present, however splendid it may be, bears the seeds of its own ruin if it becomes separated from the future.“ José María Arizmendiarrieta

24. Willy Robinson, iNova Credit Union November, 2005 Outlook for the Future Size and scope-to address market needs Change to dual personality Collaboration agreements Distributing wealth through knowledge Generation of employment TOP priority People and Products

25. Willy Robinson, iNova Credit Union November, 2005 "Those who opt to make history and change the course of events themselves have the advantage over those who decide to wait passively for the results of the change.” José María Arizmendiarrieta

26. Willy Robinson, iNova Credit Union November, 2005 ???