This article from the Stamford, Connecticut daily reports on the Private brand sales and marketing company Daymon Worldwide. Daymon is an employee owned with more than 17,000 employees worldwide. The average employee has about $150,000 in Daymon stock.
Daymon employees honored as owners
Employees of Stamford-based Daymon Worldwide do more than go to work every day to collect a paycheck. As participants in the global company’s employee stock ownership plan, they also own the business.
When Daymon, which specializes in the sales and marketing of private-brand consumer products and consumer-marketing events, holds its annual shareholder meeting Friday, it also will celebrate being named one of the top employee-owned companies in the United States by The National Center for Employee Ownership.
Daymon, which has 17,000 employees worldwide, was ranked ninth out of 100 by the Oakland, Calif.-based organization.
“I think ESOP is critically important to the company. I think that the fact that our associates built this company is remarkable,” said Milt Sender, who co-founded the company with the late Peter Schwartz. The partners started the Daymon ESOP in 2001. “Employees get a percentage of their salary in stock, depending on the success of the company.”
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