Why I sold my family’s century-plus-old company to my employees

Quick Summary:

As business owners, we don't need the last nickel.

We should be open to sharing some of the wealth.

I put my toe in the water in 2017 and transitioned the company to a 30% ESOP to start.

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Article Details

Author / Journalist: William Stockwell

Category: EconomyBusiness

Markets: United States

Topics: Commentary Esop Business Esops Finance Employee ownership Succession

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-08 @ 13:51:51 (6 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 761 words

Reading Time: 5 minutes read

Sentences: 5 lines

Sentence Length: 153 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27792659

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About Fortune

Main Topics: EconomyBusiness

Official Website: fortune.com

Update Frequency: 42 posts per day

Year Established: 1929

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #95

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