Ohio’s Oldest ESOP: Alloy Engineering’s Success Story
Extending ownership to all employees, involving all in managing the business and tying the compensation to profits brought a renaissance to Alloy Engineering twenty years ago.
Binary Economics: The Economic Theory that Gave Rise to ESOPs
ESOPs are part of a broader approach to expanded capital ownership, broader prosperity, and economic justice known as binary economics. Binary economics was first advanced by Louis Kelso, who is also widely known as the inventor of the ESOP.
Davey Tree Stands Tall with Employee Ownership
Over 25 years, The Davey Tree Expert Company’s employee owners built a good small company into one of the premier companies in its industry, with an entrepreneurial zest for new products and acquisitions. The company’s development would have pleased its inventive founder and provably surprised the family members who sold it to hesitant employees in 1979.
Jet Rubber: Ten Years of ESOP Success
The fifty employee owners of Jet Rubber Company, a manufacturer of custom molded goods and rubber-to-metal parts founded in 1955, celebrated the 10th anniversary of their ESOP in March 2003.