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Alternative Exit #40 |The Data Behind Employee Owned Success with Rutgers' Adria Scharf

What drives a founder to sell their company to employees instead of outside investors? In this episode, I sit down with Dr. Adria Scharf, Project Director of the Curriculum Library for Employee Ownership (CLEO) at Rutgers University, to explore her groundbreaking research on what motivates business owners to choose employee ownership as their exit path. Adria shares insights from her ongoing study of ESOP sellers, unpacks the emotional and economic logic behind these decisions, and reflects on why ownership transitions are never just financial—they’re deeply human.

We dive into the emerging…

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