Posts Tagged ‘employee stock ownership’

Taking stock of employee ownership

May 25th, 2010
By: Tim Heston

Butch Munson has worked at the same metal fabrication company for 43 years, and in a few years he plans to retire. He’s had a good career at LeFiell Mfg. Co., a tube and specialty fabricator in Santa Fe Springs, Calif. Sure, the shop has had its ups and downs, but generally the company has always found a way to do things better and faster. The firm’s won numerous awards and has gained a reputation as a supplier manufacturers can count on. Most important, the financial well-being of every employee, including Munson, has benefited.

After all, they own the company.

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