by: The National Center for Employee Ownership
Source: The National Center for Employee Ownership
Marin County, California, north of San Francisco is hilly, scenic, and boasts plenty of undeveloped land. It's the perfect setting for bikers and the perfect setting for a bike company. In fact, it's where mountain biking was invented, but has thousands of road bike enthusiasts as well. And it's where Marin Mountain Bikes, Inc., has made its home in the 20 years since it was founded by an avid cyclist named Bob Buckley.
Buckley still runs the Novato-based company to this day. But it is very different this year. Last year, at the encouragement of a CFO who had worked at two companies with employee stock ownership plans (ESOPs) and another that issued stock options, Buckley decided to put a quarter of the company's stock into the hands of employees in the form of stock options.
Link: Marin Mountain Bikes, Inc.
Publication Date: 2006-11-01