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.
To continue reading, become an ALM digital reader
Benefits include:
- Authoritative and broad coverage of the business of consulting
- Industry-leading awards programs like Best Firms to Work For, Global Leades and Rising Stars
- An informative newsletter that goes into the trends shaping the industry
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
