Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

4 of 6
BACKNEXT
Mushkin Enhanced
Mushkin Enhanced
Mushkin founder George Stathakis (left front) and marketing director Wade Shiflett (to his left) discuss the business of computer components with other worker-owners and employees.
When George Stathakis completed his purchase of Mushkin Enhanced in 2005, he converted the maker of computer components into a worker-owned company. "He wanted to incentivize involvement," said marketing director Wade Shiflett. "He wanted to make the workers feel that they had an investment in the company."

About half the company's 50 workers have ownership in the Englewood, Colo.-based maker of RAM modules. The owners are managers, salespeople and technical staffers, while the non-owners are hourly employees. Long-term staffers eventually get the option of becoming partial owners, said Shiflett, and they become "intricately" involved in company decisions and the bottom line.

The owners restructured and diversified Mushkin after the computer component market "took a dramatic turn south in 2005," he said. "Because of this, the company regrouped, reformulated and became much more efficient with overhead and parts sourcing."

As a result, the company's profits grew this year, despite the recession, and that bodes well for the owners, Shiflett said. "One of the advantages is our profit sharing," he said.

NEXT: Pelham Auto Parts

Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
LAST UPDATE: Sep 23 2009 | 11:41 AM ET
More Galleries
5 startups that are reimagining the world Bricks that grow from microorganisms, household garbage turned into art, three-wheeled bike-cars -- these startups are redefining urban living. More
Blue collar entrepreneurs These five entrepreneurs took their blue collar experience and used it to launch innovative businesses. More
7 lifehacks to eliminate your holiday hassle Whether curating the perfect gift or finding a pet-sitter, these startups offer time-saving services that might just seem like holiday magic. More
Sponsors