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Suggest questionIn this conversation, Karen, Jay, and Dana discuss diversity in hiring and marketing. Dana talks about the challenge of getting white customers to come to a hair salon that is mostly Black. Karen talks about the challenge of persuading Black candidates to join a company that does not have a lot of Black employees: “So the question is not: are they out there? They're out there. I guarantee they're out there. The question is: do we need to spend more time, more energy, and be willing to be patient until we find a good pool of candidates?”
About 21 Hats
The proponents of employee stock ownership plans can make them sound like the greatest thing ever. A business owner can take a big chunk of money off the table—or even all of it—while still getting to run the business. And there are some pretty great tax breaks. Oh, and it will also solve income inequality in America. On the other hand, if ESOPs are so smart, why are there so few of them?
Jim Kalb of Triad Components Group in San Diego and Jeff Taylor of Crafts Technology in Chicago have both implemented ESOPs. Jay Goltz of the Goltz Group in Chicago has reached his 60s without a succession plan, and he’s considering his options. In this 21 Hats Conversation, you get to listen in on a street-smart discussion of the pluses and minuses of ESOPs from the business owner’s point of view.