I vaguely recall hearing that his son had no interest in running the company but that was also years ago. Hopefully whoever is set to take over when he goes shares his exact same views on keeping the company private.
I think if he really wants that plan to shake out he needs to transition ownership while he’s alive. Just dumping it on them with no discussion, no cultural adjustment and no preparation time will cause a lot of problems.
Really hoping (He probably does) he has a succession plan in place to prevent that when he’s gone
I vaguely recall hearing that his son had no interest in running the company but that was also years ago. Hopefully whoever is set to take over when he goes shares his exact same views on keeping the company private.
Only time will tell.
He should give it to the employees collectively.
I think if he really wants that plan to shake out he needs to transition ownership while he’s alive. Just dumping it on them with no discussion, no cultural adjustment and no preparation time will cause a lot of problems.