Findorff transitions to employee ownership

Madison-based Findorff announced it’s transitioned to an employee stock ownership plan (ESOP) after over 135 years in business. The ESOP, a qualified retirement plan, gives employees 100% ownership of the company through stock allocations. 

Findorff leadership believes that transitioning to employee ownership will bolster a culture of engagement and collaboration and support sustained growth. Its operational structure and leadership team will remain in place...

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RSK: Certain Industries lend themselves well to this. I know Barne`s Inc. did this several years ago and seems to be doing fine...especially with employee retention and collaboration...