Tag Archives: Gardener’s Supply

Episode 37 – ESOPs, Co-ops, and Bernie Sanders at the Vermont Employee Ownership Conference

The ESOP Podcast Episode 37 – ESOPs, Co-ops, and Bernie Sanders at the Vermont Employee Ownership Conference

In this week’s episode, we feature highlights from the Vermont Employee Ownership Conference, #VEOC18, held this year on Friday, June 8th, 2018 at the UVM Davis Center in Burlington, Vermont.

  • First, we are reminded that world of employee ownership is more than just ESOPs! Matt Cropp (Twitter: @MattCropp), Associate Director of the Vermont Employee Ownership Center, joins us to provide an excellent explanation of the concepts of Workers Cooperatives and their distinctive features from ESOPs.
  • Second, we have a Q&A on Senator Kirsten Gillibrand’s (D, NY) Pro-ESOP Bill, S. 2786, and its companion bill in in the House of Representatives, and discuss some of the issues these bills are designed to address.  We also discuss why employee ownership enjoys broad bipartisan support.
  • Finally, Cindy Turcot, COO of a 100% ESOP company, Gardener’s Supply, introduces Senator Bernie Sanders (I, VT) to the lunchtime conference attendees at #VEOC18.  We are pleased to be able to share Senator Sanders’ speech in full. [Thank you to Tabitha Croscut, Esq. of Devine Millimet (Twitter: @ESOPDiva) for this audio.]

You can watch a portion of Senator Bernie Sanders June 8th, 2018 speech on @CapTrusteesBret ‘s Periscope feed here.

“Senator Bernie Sanders speaking to @veoc_vt #veoc18”

Mentioned in this podcast:

  • As mentioned at the 1:34 mark in this podcast, you can listen to Episode 10 of The ESOP Podcast featuring Cindy Turcot COO of 100% Employee-Owned Gardener’s Supply Company here.
  • As mentioned at the 42:18 mark in this podcast, you can listen to Episode 3 of The ESOP Podcast and learn about ESOP Advocacy with Mike Shuey of Restek, Corporation here.
  • We couldn’t have produced this podcast without the audio provided by Tabitha Croscut, Esq. of Devine Millimet.  You can listen to her speak on Transactional Law for ESOPs in The ESOP Podcast Episode 25 here.
  • Please give a warm welcome to Capital Trustee’s Client Engagement Officerand podcast producer, Brian Keisling, on Twitter! You can now follow him at @CapTrusteesBri.

More about Vermont Employee Ownership Center

“The Vermont Employee Ownership Center is a statewide non-profit whose mission is to promote and foster employee ownership in order to broaden capital ownership, deepen employee participation, retain jobs, increase living standards for working families, and stabilize communities.

We provide information and resources to owners interested in selling their business to their employees, employee groups interested in purchasing a business, and entrepreneurs who wish to start up a company with broadly shared ownership.” [Source: About the Vermont Employee Ownership Center]

More about Matt Cropp

Matt Cropp is the Associate Director of the Vermont Employee Center. He is responsible for managing social media, event planning and promotion, and a variety of other tasks advancing the VEOC’s mission.


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Do you have feedback about this or any other episode of The ESOP Podcast? Do you have a topic that you would like for us to discuss on the show? Would you like to appear on the podcast as a featured guest or a panelist in a group presentation? Then we want to hear from you! Send us an email at podcast@captrustee.com.

 

The 12 Days of ESOPs, Day 8: Cindy Turcot, COO of 100% Employee-Owned Gardener’s Supply Company

The 12 Days of ESOPs, Day 8: Cindy Turcot, COO of 100% Employee-Owned Gardener’s Supply Company

We’re celebrating the spirit of the ESOP Movement with The Twelve Days of ESOPs.

12 Days of ESOPs
 
Our guests over these twelve days hail from a variety of fields in ESOP World – from lawyers, to valuators, to CEOs, and even employee owners themselves – each bringing their own unique outlook and experience to our ongoing conversation about what makes ESOP participation so valuable to companies.
 
On the eighth day of ESOPs, our guest is Cindy Turcot, Chief Operating Officer of Gardener’s Supply Company located in Burlington, Vermont, and former Chair of The ESOP Association.  She discusses shared capitalism, employee ownership and company culture, employee ownership month, the ESOP movement… and loving your ESOP so much that you get ❤️ suits!
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🐄🐄🐄🐄🐄🐄🐄🐄 With the creativity and commitment of the employee-owners at Gardener’s Supply, you’ll get the supplies you need to have those eight cowpots a-planted in no time!
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This podcast includes some great examples of employee owner education and what participatory ownership means.  You can listen to the interview with Matt Hancock of Praxis CG referenced in this discussion here: ESOP Podcast Episode 2.

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Cindy Turcot and Dave Fitzgerald and the Famous #iLoveMyESOP Suits mentioned in the podcast, Source: Twitter

Cowpots

Learn more about Cowpots on the helpful Gardener’s Supply Blog: Why Choose Cowpots


More About Gardener’s Supply Company

Garderner's Supply Company

Gardener’s Supply was founded in 1983 by a handful of enthusiastic Vermont gardeners. Today, they serve millions of gardeners nationwide, offering everything from seedstarting supplies and garden furniture to flower supports and garden carts.

“As of December 2009, Gardener’s Supply is 100 percent employee-owned, ensuring that customers can expect excellent products and service from people who own the company.

Vermont has long been known for its frugal, creative and independent citizens. In part that’s what fueled a decision, made 25 years ago, to invest in our employees. In 1987, after our third year in business, we adopted an Employee Stock Ownership Program (ESOP) that allows all employees to earn stock and share in company profits.

By engaging staff as owners, we unlock the creativity and commitment needed to be responsive to customers, sustain a vibrant focus on gardening and cultivate a compassionate corporate culture. Employees are encouraged to learn about all aspects of our business, so they can be active participants in shaping our business future and can contribute to our mutual success. When you do business with Gardener’s Supply, you are directly and fully supporting a Vermont business that is owned and operated by all the employees who work here.

In business, success is usually a blend of luck and hard work, and that has certainly been true for Gardener’s Supply. But we also attribute our own business success to a few other important factors.

One is the customers we serve, who are always eager to give us their feedback and good ideas. You make us better every day, and we thank you.

Second is a commitment we made from the start: to keep our feet firmly in the garden.

Third is our bright and motivated staff: the people who develop the products, create the catalogs, answer our phones, pack the boxes and pay the bills.

To learn more about employee stock ownership programs, go to the ESOP Association.”

Source: Gardner’s Supply, Proudly Employee-Owned


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The ESOP Podcast Episode 10

The ESOP Podcast Episode 10 – Cindy Turcot, COO of 100% Employee-Owned Gardener’s Supply Company

Our guest is Cindy Turcot, Chief Operating Officer of Gardener’s Supply Company located in Burlington, Vermont, and former Chair of The ESOP Association.  Cindy Turcot sat down with Bret Keisling of Captial Trustees, LLC at The ESOP Association’s record-setting November 2017 Las Vegas ESOP Conference and Trade Show held at the Paris hotel in Las Vegas, Nevada.  Their discussion covers shared capitalism, employee ownership and company culture, employee ownership month, the ESOP movement… and loving your ESOP so much that you get <3 suits!

This podcast includes some great examples of employee owner education and what participatory ownership means.  You can listen to the interview with Matt Hancock of Praxis CG referenced in this discussion here: ESOP Podcast Episode 2.

The ESOP Association Las Vegas

[Source: The ESOP Association 2017 Trade Show]

Cindy Turcot and Dave Fitzgerald and the Famous #iLoveMyESOP Suits, Source: Twitter


More About Gardener’s Supply Company

Garderner's Supply Company

Gardener’s Supply was founded in 1983 by a handful of enthusiastic Vermont gardeners. Today, they serve millions of gardeners nationwide, offering everything from seedstarting supplies and garden furniture to flower supports and garden carts.

“As of December 2009, Gardener’s Supply is 100 percent employee-owned, ensuring that customers can expect excellent products and service from people who own the company.

Vermont has long been known for its frugal, creative and independent citizens. In part that’s what fueled a decision, made 25 years ago, to invest in our employees. In 1987, after our third year in business, we adopted an Employee Stock Ownership Program (ESOP) that allows all employees to earn stock and share in company profits.

By engaging staff as owners, we unlock the creativity and commitment needed to be responsive to customers, sustain a vibrant focus on gardening and cultivate a compassionate corporate culture. Employees are encouraged to learn about all aspects of our business, so they can be active participants in shaping our business future and can contribute to our mutual success. When you do business with Gardener’s Supply, you are directly and fully supporting a Vermont business that is owned and operated by all the employees who work here.

In business, success is usually a blend of luck and hard work, and that has certainly been true for Gardener’s Supply. But we also attribute our own business success to a few other important factors.

One is the customers we serve, who are always eager to give us their feedback and good ideas. You make us better every day, and we thank you.

Second is a commitment we made from the start: to keep our feet firmly in the garden.

Third is our bright and motivated staff: the people who develop the products, create the catalogs, answer our phones, pack the boxes and pay the bills.

To learn more about employee stock ownership programs, go to the ESOP Association.”

Source: Gardner’s Supply, Proudly Employee-Owned


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