On today’s podcast we interviewed Ken Mandile, founder of Swissturn, a successful CNC Swiss machine shop in Oxford, Massachusetts. Ken’s children are not interested in taking over Swissturn when he eventually retires, so five years ago Ken began restructuring his company into an employee stock ownership plan or ESOP, in which he will gradually transfer ownership and management to his employees.
Scroll down to listen to the podcast.
Before going the ESOP route Ken turned down two lucrative buyout offers from private equity firms...
Read the full blog: https://todaysmachiningworld.com/ken-mandile-employees-are-buying-his-business/
Question: Would you want to work at an employee-owned business?
Listen to the Podcast here: https://todaysmachiningworld.com/?powerpress_pinw=26484-podcast