Employees Now Own Point B

Point B Inc., the Seattle-based perennial powerhouse on Consulting magazine’s annual Best Firms to Work For ranking, announced that its employees now own 100 percent of the company’s stock.

Joe Kornik | June 06, 2014

Mike Pongon and Tim Jenkins Firm 'invests in its future' with ESOP status, prepares for growth and expansion

Point B Inc., the Seattle-based perennial powerhouse on Consulting magazine's annual Best Firms to Work For ranking, announced that its employees now own 100 percent of the company's stock.

In a move designed to "invest in its employees' future," co-founder Tim Jenkins says the firm opted to redeem the remaining stock held by its founders. Jenkins, along with co-founders Darran Littlefield and Jim Hodge, will continue to serve on Point B's Board of Directors. The deal was completed on March 1.

You Might Like

The Rising Stars of the Profession: Michael Retter

The Rising Stars of the Profession: Michael Retter

Ask Michael Retter what's been the biggest factor to his success so far and he'll say "raising his hand," and being willing to venture into the unknown.

Terms of UsePrivacy Policy

Copyright © 2024 ALM Global, LLC. All Rights Reserved.