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Employee Ownership Gets Van Meter Noticed

Published Tuesday, July 01, 2008

Van Meter Industrial Inc. (VMI), Cedar Rapids, Iowa, has been an employee-owned company since the early 1990s, but the electrical and industrial products distributor received some notice earlier this year when it was featured in an article on ESOPs in The Wall Street Journal and later named the 2008 Company of the Year by an ESOP Association. The Journal article, titled “How to Get Workers to Think and Act Like Owners,” written by Simona Covel, explores a turning point when company executives realized that the benefits of being an employee owner were lost on many at VMI. “Many ...

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