by: Taylor, William C.
Source: The New York Times
Unlike so many other chief executives, Cecil Ursprung will never be accused of losing sight of his shareholders. He sees them every day—in the parking lot, in the hallways, even on the factory floor.That's because, as chief executive of the Reflexite Corporation, he runs an enterprise largely owned by the people who work there: 500 employees who attend town hall meetings to discuss strategic issues, get monthly updates on finances and operating results and are steeped in the company's overall performance.'My bosses are all around me,' Mr. Ursprung said in an interview at the company's technology center in Avon, Conn. 'Three-quarters of the equity of this company is in the hands of people who have a direct impact on the business. We attract people who want to be in business for themselves, just not by themselves.'
Link: These Workers Act like Owners (Because They Are)
Publication Date: 2006-05-21