As more US business owners retire many are selling up to their staff

Maria Simulescu

Staff at Softstar Shoes in Oregon have discovered a newfound enthusiasm for eking out resources and growing profits. It started in January when the shoemaker became owned by its 30-strong workforce. Former sole owner and chief executive Tricia Salcido had decided to sell the business to the employees, because at age 56 she is starting to plan for her future retirement. Salcido, who for next few years is staying on as chief financial officer, says that colleagues are now offering lots of

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