This CEO believes her company's model of profit sharing with employees should be widely adopted BossFiles
For many entrepreneurs, the ultimate goal is to take their company public. But for fashion designer Eileen Fisher, staying private and giving her employees a share of the business has allowed her to carve her own path to success.
Fisher personally owns 60% of the company that shares her name, while the remaining 40% is held by her 1,200 full- and part-time employees through an employee stock ownership plan ."Once we started having extra profit, the first thought was share it with the employees. They do all the work, it's only fair to share, which I think all companies should have to do. I really do," she tells CNN's Poppy Harlow in the latest Boss Files podcast episode.
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