ESOP Summer School Mini-cast 30: Trader Joe's - Almost An ESOP

Welcome to our annual EO/ESOP Podcast Summer School series. We selected some of our favorite episodes over the past year for your enjoyment while we spend the rest of our summer catching our breath and working on launching our exciting Season 7, beginning in September 2023. In this episode, Bret Keisling shares the story of how Trader Joe's almost became an ESOP as told by company founder Joe Coulombe in his business memoir "Becoming Trader Joe: How I Did Business My Way and Still Beat the Big Guys," co-written by Patty Civalleri [https://pattycivalleri.com/]. Many of the factors that led to the company's success are hallmarks of successful ESOPs: great salaries, high retention, open book management, and employee communication. The full transcript of this episode, which includes a link where you can purchase the book at employee-owned Raven Bookstore, is available on our website at https://www.theesoppodcast.com/post/esop-summer-school-mini-cast-30-trader-joe-s-almost-an-esop