When the owner of Dansko, a Philadelphia, Pa.-based shoe company, decided it was time to sell, he didn't go looking for a buyer. Instead, he sold the company to his employees.
Through something called an Employee Stock Ownership Plan, Dansko is now a 100 percent-ESOP company. And that makes Dansko founder Peter Kjellerup very happy.
"It's about the community, and sharing the wealth we create to build a community," he told CNBC.com. "And that builds on an opportunity for people to grow."