Kris Maynard

Co-founder and executive chairman of Cathedral Holdings (formerly Essential Ingredients) with long experience leading a 100% employee-owned ESOP company and advising on ESOP transitions.

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Nov 11, 2025 • 46min

Welcome to Employee Ownership! (Without the Hype)

Kris Maynard, co-founder of Cathedral Holdings, and Justin Jordan, its CEO, explore the intricacies of employee ownership through ESOPs. They candidly discuss the complexities and potential risks, highlighting that not all employees embrace the model. While ESOPs offer tax benefits, they can turn into risky retirement plans if companies falter. Open-book management has greatly engaged employees, shifting perceptions from retirement benefits to ownership mentality. Kris and Justin also share insights on governance measures to protect employee investments.

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