Employee Ownership Trusts, a “no-hassle” form of employee ownership. According to an article published by Fifty by Fifty, an Employee Ownership Trust (EOT) provides a unique opportunity not found in ESOP (Employee Stock Ownership Plans).
Within this article, the author interviews Rick Plympton, CEO of Optimax Systems, Inc, and Preston Martin, owner of Bicycle Technologies Incorporated (BTI), on their experiences of starting an Employee Ownership Trust.
This honest and clear summary is a wonderful way of receiving first-hand information about the cost and benefit of transition to an EOT.
Read the full article on “New Employee Ownership Trusts Demonstrate Viability in the U.S." directly from the Fifty By Fifty website