Treasurer Mourdock's ESOP Experience
"I would not have the opportunity to serve as Indiana's State Treasurer
if I had not been involved with an ESOP early in my career."
-- How Treasurer Mourdock begins his discussion about ESOPs. --
In 1988, Treasurer Mourdock's employer began the process of becoming 100% employee-owned. It was not a journey without challenges as the company experienced
changes in the economy and changes in its market. The ESOP, however, allowed for the expansion of the company, helped develop a sense of employee-ownership through much of its workforce, and increased the stock value of the company.
At the age of fifty, Treasurer Mourdock left the company confident that his retirement savings were sufficient for him to begin his own business and to pursue his goal of public service. On March 5, 2001, Treasurer Mourdock wrote in his day-timer, "Today, I begin the second half of my working life." An ESOP allowed Treasurer Mourdock to enjoy that kind of freedom, and it is an experience he wants thousands of Hoosiers to share in as well.
