I was just looking at the website for the Organic Consumers organization. There's an article about the Red Mill organic cereals business. Its owner, coming to retirement age, didn't want to sell the company and has turned it over to the employees. I think this is fun and right. And hurray for him.
Rob Johnston of the Johnny's Seed company also turned his business over to the employees. Although I think this was by an employee purchase plan. Still a good move for a great business.