Employees as Stockholders

ID: 1297 ~ Source: Minnesota Historical Society
This file appears in: Growing a Stock
Employees as Stockholders

Louis Anderson (right) of rubber compounding receives the first share under a new employee stock purchase plan from John L. Connolly in 1950. At left is the plan's first administrator, Irwin R. Hansen.

This file appears in: Growing a Stock

By Marjorie Pearson, Summit Envirosolutions, Inc.
Minnesota Mining and Manufacturing initially raised capital by selling stock at $1 per share in 1903. In the early years, it was essentially worthless as the company struggled. 3M paid its first quarterly dividend of 6 cents per share in 1916 and…