Vista opts for employee stock ownership
- By Michael Hardy
- Feb 06, 2008
Vista Technology Services Inc., a company specializing in federal real property systems, is launching an employee stock ownership plan. Such ESOPs make a company's employees partial owners of their organization through holding stock.
"We want our employees to think and act like entrepreneurs and owners, and what better way to do that than to make our employees owners?" said David Baxa, president and chief executive officer of Vista. "This company is more than the sum of its parts, more than just the experience of the current leadership. We know that even our youngest employees have the potential for strong, capable leadership of the business in the future."
ESOPs, including Vista's, can give employees a meaningful financial stake in the securities of the sponsoring employer.
"This is our way of recognizing that potential, of giving our employees a stake in Vista's on-going success, and of enabling our future leaders to benefit from our confidence in them," Baxa said.
Vista is based in Herndon, Va.
Technology journalist Michael Hardy is a former FCW editor.