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Overview Transcript Case Study Video
Dr. Bob Beyster is founder of SAIC.
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Bob Beyster is founder of SAIC, Beyster Institute, and Foundation for Enterprise Development.
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Learn From A Big Guy
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WATCH TELEVISION THAT TEACHES 
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Key Ideas of this episode
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1. Give Employees Ownership
2. Learn From A Big Guy
3. Die In Peace
4. Use Ownership To Recruit
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5. Take Out Some Cash
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6. Value Your Business
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7. Teach Ownership Thinking
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8. Be A Team Player
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Some call it, "Tracks in the sand." Others, "Legacy." The question we all face, "What difference did my life make in this world?"

Dr. J. Robert Beyster is leaving one heck of a legacy. First, the business that he began as a dream in 1969 now employs over 41,000 people. Think of all the mouths they feed! Think of all the taxes they pay. Think of all the creativity that is focused on common goals! That is a legacy.

But he didn't stop there. He saw something early in the power of ownership and then saw that power transform people and create a vehicle for consensus and growth. He so wanted to share this light -- show others the path -- he started a not-for-profit research and teaching institute to encourage others in the area of employee ownership. And, he funded it all with part of his ownership of SAIC. Wow. Now, that is a legacy.

Topic for Discussion: Why are there so few businesses that have adopted the employee-ownership model?

Answer: There are not many more than 10,000 businesses with a formal ESOP in place. There are other kinds of employee stock-ownership plans, but it is still far from the majority of employees. Some would conclude that it must not be very compelling. But if the facts be known, the ESOP concept is a relatively new idea. Louis Kelso is given credit for working on fleshing out the ideas. There are links to that entire history in our Overview. He began his work in the 1950's and it wasn't until 1973 that Kelso influenced Congress to take it seriously.

You think about it: Would it be a good idea to try to learn from one of the big guys who started out little?

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