- Apr 12, 2011
- Reaction score
I'm sure Bob and the other two guys are considered "employees" under the new plan as well (this is just another way of selling your company and monetizing its value) - this can be a good way to building a lasting company if done right. I would guess they started with selling 20 - 30% of the stock to the employees by guaranteeing bank loans for them to buy the shares and pay them off with the dividends. (I used to administer my employer's ESOP a number of years ago) The mistake my predecessors made was valuing the company too high too early and the dividends didn't have enough juice to pay the loan payments - hope Taylor doesn't run into this problem.Looks like Taylor Guitars has just been sold. It's new owners are the employees.
January 11, 2021 was a momentous day for Taylor Guitars and its employees, as co-founders Bob Taylor and Kurt Listug announced that they had officiallyblog.taylorguitars.com