“Becoming 100% employee-owned connects the company's growth directly to the people in the field, in the shop, and in the office." - Jamie Rich, President & CEO, Wendler Inc.
Hundreds of executives have flocked to St. Louis to learn how the Gunds’ family business thrives by putting workers before short-term profits.
The new law allows fiduciaries of Employee Stock Ownership Plans (ESOP) to rely on IRS valuation guidelines when appraising the value of the shares in an ESOP.
ESOP transition creates new opportunities for employees while supporting the firm's culture, leadership, and independence.
Instead of selling shares to outside investors, the company launched an Employee Stock Ownership Plan in 1992.
Department of Labor report shows rising Employee Stock Ownership Plan participation, worker ownership growth
“This is about protecting who we are," said Jonathan Timm, North Arrow's Founder. "Our employees are the heart of this organization.”
Going from solo ownership to being an employee-owned business has some cool benefits for air conditioning company Sunset Air,
“We all decided it was far better to retain the customer culture by going with an employee stock ownership program,” said Scott Hoffman, chief executive officer of Fisher Barton.
Founders Steve Buttitta and Craig Luce transfer full company ownership to employees, marking a milestone in Keena's 20-year legacy of healthcare IT innovation
