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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DISTek Attends ESOP Conference

ESOP Culture

Similar to most events in 2020, the ESOP Association’s Annual Midwest Conference went virtual this year. Initially, the meeting was set to be held in Milwaukee, Wisconsin, but with the current health concerns in mind, I, along with several members of DISTek’s ESOP Communications Committee were able to attend from the comfort of our own homes!

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An Employee Owner’s Review

Employee Owned

When last I wrote in this space, way back in February, I told of how I was starting to begin to really feel like an owner of the company. It had been over 3 years since DISTek founder, Matt Dickinson, decided to share a part of his company with his employees by forming an ESOP – an Employee Stock Ownership Plan. Yet none of us were handed a new job description with the title “owner,” but that’s what we are now – employee owners. And as each year passes, more information and knowledge about this whole ownership thing comes before us.

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