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This profile was last updated on 3/30/09  and contains information from public web pages.

Diane L. Bartlett

Wrong Diane L. Bartlett?

Employment History

  • Vice President Finance and Chief Financial Officer
    ACRT Inc

Board Memberships and Affiliations

  • Board Member
Web References
Co-operative Conversion Research Project - Retiring Small Business Owners : Final Report, 30 Mar 2009 [cached]
Diane Bartlett, VP Finance & CFO, ACRT Inc.
ACRT, Inc. An Employee-Owned Corporation, 19 Dec 2006 [cached]
Diane Bartlett
Diane L. Bartlett, CPACFO
Electric Impulse Communications: Catapulting Leaders from Ordinary to Extraordinary - Written Testimonials, 28 July 2008 [cached]
Diane Bartlett, Former CFO ACRT, Inc.
SBN Online: Source for local Cleveland business news, Columbus business news, and Pittsburgh business news., 1 Feb 2004 [cached]
"The first 30 percent took several years to implement," says Diane Bartlett, ACRT's CFO and vice president of finance.
To speed the process, Abbott and his wife donated some of their shares to the ESOP trust.
Of the estimated 10,000 ESOP companies in the United States, ACRT stands out as the only one Bartlett knows of with a completely egalitarian, flat share structure.
"It is highly unusual," Bartlett says."I've done research and I know of no other company that is structured this way."
Share distribution, she says, is usually tied in with compensation, wages or seniority, and is dependent on the number of years of service with a company.
"It is usually a mix," Bartlett says.
"The biggest hurdle was to explain that we were still doing work with them and still getting paid," says Bartlett.
Instead of delaying or even abandoning the ESOP conversion, Abbott and his management team stayed committed to the process and turned to the employees for help.
"We contacted our people and asked them to tighten their belts," says Bartlett.
"The bankers stood by us ... but they were watching," Bartlett says.
As a result of the moves, ACRT had a good year, paid off a lot of its debt and became 100 percent owned by its employees.
"Now, we have to answer to employees," Bartlett says.
Sometimes, Bartlett says, employees think the situation at ACRT simply is too good to be true.
"There are some skeptics," she says.
GE Fleet Services Draws Record Attendance at "Fleet 2000", 8 Sept 2000 [cached]
Dick Abbott, Sue Abbott, Diane Bartlett - ACRT, Inc., Cuyahoga, Ohio
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