How ESOPs align shareholder and employee interest

As baby boomer business owners age, there is a pressing need to select their business exit strategy. One option is an employee stock ownership plan (ESOP), where the business owner sells the company — up to 100 percent of the stock — to the employees.

How to fix a broken company culture

Culture cannot be mandated, dictated, controlled or replicated. It can be created, shaped and sustained, but there has to be a means to do that, such as a collaborative leadership mindset, an effective framework of change and leadership willing to engage employees