I personally know a wealthy owner of a large hardware store in - TopicsExpress

I personally know a wealthy owner of a large hardware store in Marin. He handed over most of the ownership in his store company to his employees, although he kept a decent ownership stake himself. His employees became millionaires because of it, and they still own and manage the store. Its a great hardware store, very clean, very well run. I told him that it was very generous of him, but then I asked him--why did he ever transfer ownership of the store to them? He responded: What do I need the money for?

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