Company founders make a surprise announcement, and they’re greeted with “hooting and hollering and jumping.”
Source: The employees are now the owners at South Bend’s Midwest Orthotics – South Bend Tribune: Business
The history of ESOPs in certain industries is that a company in “toucher” industry will have success with ESOPs and then followers from adjoining industries will follow the lead. Dentsply, a large dental supply company, has had a lot of success with its ESOP for many years. Then we saw big dentist organizations move into ESOPs. Now we see an orthodontics company taking the plunge into the world of ESOPs. See more about Dentsply in the “Going Private” Transactions (1978–1993) section of a fabulous piece at: Act Now
