Position #1: Our family built this business and we take on all the downside investment risk. As owners, we take many ownership perks (club memberships, cars, personal services performed by the business) so our owners appreciate some upside at very little cost to the business, providing that it is legal. That is what being an owner is about.
Position #2: We believe that owners deserve investment growth and dividends (when performance supports them), and we do not give owners any other special perks. That way our owners are focused on the performance of the company. Once you start having ownership perks, it just causes strains between management and owners and distracts us from our common purpose.
Where is the proper place to draw the line when it comes to taking ownership perks?