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HATTIE:
Looks gorgeous today. (Voiceover) Dr. Ray Smilor is president of the Beyster
Institute which was founded by Dr. Bob Beyster in 1986.
RAY:
The Beyster Institute is a not-for-profit education corporation, and we train
entrepreneurs around the world. We help them build their companies, Hattie, and
we help them think about strategies to grow their companies, a primary strategy
being employee ownership.
Dr.
Bob Beyster is the founder, CEO, chairman and president of SAIC, Science
Applications International Corporation. He started SAIC in 1969 from scratch. A
nuclear physicist turned entrepreneur, he left the National Laboratory to start
this company to do small research projects. And along the way he had one key
passion and his passion was employee ownership. He had this firm belief that
people who build a company should own it and from that sprang a remarkable
company.
Today,
SAIC does $6 billion a year. He has 41,000 employee-owners around the world. It
is a remarkable high-tech company based on his passion and his belief about
employee ownership.
At the
start he didn't know how to do it, so he started sharing equity and he started
giving stock and he started giving options. And along the way the company has
evolved a very elaborate but very effective way to get employees thinking and
acting like owners.
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