Management And Employee Buyout - MEBO

See: Management Buyout - MBO. See: Leveraged Buyout.

The management and workers wanted to go it alone, with no Wall Street-y people bugging them about quarters, running sprints 13 weeks at a time. Instead, they wanted to just build a great company for the next 3-4 years and then take it public, or sell it, or whatever.

MBOs aren't all that common, but when they do happen, they tend to work out well when everyoone, from CEO on down, has a lot at stake, and is rowing the boat...not just 9-to-5, but like co-owners, it's amazing how productive companies can be. Google the Harley Davidson story (where workers and management LBO'd the company and saved it) for glorious details.