To all- An interesting study on how Tellab's is using stock options to motivate it's workers to turn great work and increasing net earnings.
Tellabs
August 1997
Although you have probably never heard of Tellabs, Inc., chances are
you use one of its products every day. The company, based in Lisle,
IL, manufactures telecommunications equipment, mostly data and
voice networks, and sells them to companies like MCI and AT&T.
Tellabs was founded in 1975 with 6 employees, generating $312,000
in revenues in its first year. Some 20 years later, the company has
3,600 employees, including 800 outside the US, and revenues of $1
billion. Its goal is to have $2 billion in revenues by 2000, and nothing
indicates that it will not reach this goal. One of the primary forces that
fuels this growth is employee ownership.
DAVE DICKERSON |
