Taylor Automotive transfers ownership to employees after nearly 50 years

Employee ownership at Taylor Automotive Group isn’t just a line in a news release — it’s how people are talking to each other.

Since last week’s announcement, staff have been walking the halls saying, “Good morning, owner… have a great evening, owner,” said human resources professional Ericka Fordham.

Taylor Automotive has transitioned to a 100 percent employee-owned company through a new employee stock ownership plan, or ESOP, giving more than 350 workers a direct stake in its dealerships…

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