In part one of this podcast, ButcherJoseph & Co. Managing Partner and Co-founder Keith Butcher, joins Bret Keisling of EO Podcast.  Keith shares his view that when mature ESOPs run into trouble, it is not usually because the ESOP structure is flawed, but that the company and leadership team has likely stopped innovating, stopped investing, stopped taking risks, and how they can get the company back on track.

He further discusses the positive interplay between private equity and employee ownership, why it’s a good thing, and why companies should act like they’re going to sell in 3 years, whether they intend to or not.

Listen to the podcast.