Research consistently shows that employee owned companies weather economic downturns better than their conventional counterparts, but we rarely get an ‘inside view’ of this outcome is achieved. In this episode, we sit down with Bernie Murphy, President of the Ohio based, 100% employee owned company Jones-Hamilton Co., as well as the company’s valuation advisor Michael McGinley of Prairie Capital Advisors. We talk about their journey through the COVID crisis, the tools and strategies they used to ensure that the company and its ownership culture remained strong, and the importance of communication and engagement with employee-owners and outside advisors during challenging times.
OEOC: Season 2, Episode 2: Getting to the Other Side – One ESOP’s Journey Through the Covid Crisis
