Taylor Guitars: What Employee Ownership Actually Looks Like

Eric shares Brian Boland's post about Taylor Guitars, calling them 'one of my favorite companies I got to meet thanks to Incorruptible — who have put craft at the center of their ownership structure and are thriving as a result.'

“In January 2021, Bob Taylor and Kurt Listug transferred 100% of the company to their employees through an ESOP. Not 10%. Not a minority stake. All of it. Before doing it, they paid off every dollar of company debt. They included their factory workers in Tecate, Mexico, giving roughly half the manufacturing workforce the same ownership stake as headquarters. No American ESOP had done that before. Since the transition, revenue has grown from $122 million to an estimated $180 million.” — Brian Boland, Delta Fund