Pros
LB is an Employee Stock Ownership Plan (ESOP) company it is driving factor for many employees. The company has been extremely profitable since the ESOP inception. That has shown stock continually growing. Who doesn't love free money!!! LB also has a 100% funded Insurance package.. you read it right. No cost to the employee insurance. There's a 401K match, and their vacation schedule is very enticing. Company wide it's a good mix of professionals you can learn from. They promote self development and contribute to it if it fits there mold. Ambitious people will have a strong edge.
Cons
The culture is Management driven with benefits as the vehicle. It's not a people driven culture (unless it's the customer). The culture motto: "Are You In?" That should say plenty. Take away the benefits outlined in the Pros, LB would lose a employees, due to resignation. When you hear the term Employee Owner that's exciting. Keep in mind you don't have a vote, and it's a trust. Early employees have the biggest share quantities and your efforts are making other people alot more money than you.(It'll always be that way though.) The Board rules the roost, you have zero voice! Promotions are limited, in 9 years, at my location I saw two people be promoted legitimately, Most people have been filling their rolls in excesses of 7 years. Lack of opportunity could cause concern for the ambitious. 50% of Board of Directors & the CEO, are in their Golden Years. Technology is growing at alarming rate, and the way businesses is conducted is rapidly changing. Growing companies need leadership geared for the times, what got us here will not sustain us.. At certain locations, you must look for Leadership, you know your Leaders personal life story amd and goals but you don't know yours unless you ask. Communication is backwards at times. The culture is not to cultivate employees, they hire for the culture. Their culture motto "Are You In?" They don't shape you, their culture is benefit.driven