Employee-Ownership Plans Increasingly Common

Summary

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[...] like a growing number of baby boomers, Dillon is planning to sell the business to his staff through an employee stock ownership plan. "There's a unique opportunity in the marketplace right now simply because there are so many retiring baby boomers who have the wonderful characteristic of altruism," Mourdock said, saying business owners want to repay the employees who've helped make their business successful.

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Employee-Ownership Plans Increasingly Common

When Unique Home Solutions owner Bob Dillon started thinking about retirement, he knew he didn't want to sell his company to the highest bidder.

After all, he and his 125 employees worked had to establish a corporate culture that has helped the service firm triple revenue in recent years - and win the Better Business Bureau's Torch Award for marketplace e...

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