Swapping Desks: Pioneering Business Succession Via Employee Ownership

Rob McMaster poured his heart and soul into his father's business for 38 years, but at 54 was concerned that he lacked a successor. Intent on early succession planning, Rob established a formal Employee Share Ownership Plan to transfer ownership of his company to his employees. Then the unthinkable happened: Rob was struck with severe and debilitating health challenges just as the economy faltered and manufacturing industries were struggling. When his fledgling employee ownership plan faile...