CMU School of Drama


Tuesday, April 26, 2016

Owners to give shares of Middleton company's stock to employees

www.jsonline.com: The first hint was a holiday note telling Electronic Theatre Controls Inc.'s nearly 900 U.S.-based employees to take stock of a good year. Next came the Birkenstocks, a pair for each worker. And finally, at a company meeting, Chief Executive Officer Fred Foster delivered the real prize: actual shares of company stock.

Forty years after founding ETC, Foster said he and his co-owners are giving 33% of the company to employees over the next 10 years — and maybe even more after that.

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