Our “ESOP Podcast Summer School” series continues. We’ve selected highlights from our archives featuring employee-owners that we’ll re-release all summer. (Because these episodes are from the archives, please remember that the links and email addresses mentioned in the podcast may no longer be valid.) As you enjoy summer school, we are working hard behind-the-scenes at www.KEISOP.com to bring you new content and services that are better than ever, starting in the fall of ‘19!
Our featured guest is Ken Baker, CEO of NewAge Industries [www.newageindustries.com] in Southampton, PA, and co-founder with Dan Adley of the Pennsylvania Center for Employee Ownership (PaCEO). In this informative interview, we learn how NewAge Industries grew from the dream of founder Raymond Baker into a 45 million dollar operation and a 49% employee-owned company. He then describes why his succession plan is for the employees to ultimately assume 100% ownership to continue the firm's success and Raymond Baker's legacy.
Ken Baker educates others about ESOPs, through the training he conducts in his own company, and by sharing best practices with other companies in the state of Pennsylvania via the PaCEO [www.ownershippennsylvania.org]. He feels that ESOPs address a range of issues – the wealth gap, retirement savings, retention, and employee engagement. ESOPs also raise the wealth of the American worker. When employees have financial stability, they perform better in the workplace. A strong ESOP community benefits all ESOP companies, not just one, as well as society as a whole.
You can hear the original January 9th, 2018 release of this episode in full in "Episode 16" of The ESOP Podcast.