ESOP: Owning vs. Renting

What does it mean to own a car versus renting a car? For me, there is a huge difference between the two. Admittedly, I am not the type of individual that returns a rental car clean and washed, as I know the rental company (who actually owns the car) will take care of that. However, with the car I own, I make it a priority to wash it at least once a week to keep the paint maintained and the car looking nice. I make sure when I fill up with gas to clean the interior a bit. I do monthly check-ins to make sure everything is operating efficiently. I also check my tires regularly for wear and tear. In other words, I am inclined to take more care of something I own versus something I am renting.

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Celebrating Employee Ownership Month

DISTek Integration has always been an employee owned company, dating back to its beginning days in the basement office of the then, sole proprietor, Matt Dickinson. As both the only owner, and only employee, for many years, “celebration” may simply have meant not having to work on Saturday.

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Celebrating 25 Years – Family Style!

Employee-Owners celebrating 25 years!

When DISTek began its 25th year in business back in March, we knew we wanted to celebrate this rather significant milestone, maybe have a party, take in a ball game, go out to dinner, or have a family picnic. 25 years ago, any of these ideas would have been possible with not much more effort than calling the wife, locking up the office, and heading uptown. Ah, the simpler times of yesteryear!

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So I’m an Employee Owner. Now What?

Early last year, I wrote in this space about my new title – “employee owner,” after DISTek founder Matt Dickinson decided to share a part of his company with his employees by forming an ESOP – an Employee Stock Ownership Plan.

I noted back then that my immediate responsibilities wouldn’t change, and from the standpoint of my day-to-day tasks, they really haven’t.

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