Founder of est Sells Assets in Company

Werner Erhard, the founder of est, the multimillion-dollar self-awareness movement, is selling the assets of his company to a group of employees and going fishing, a spokesman said.

The holdings include real estate in California and New York, computers, furniture and an 18-year licensing agreement. The agreement covers “technology and intellectual property” used in the weekend est workshops that have been marketed in recent years as “The Forum.”

“I think he is going fishing in the Caribbean,” spokesman Bill Barnes said when asked about Erhard’s plans.

The sale “puts the future of the work that I and others started into the hands of people who have dedicated their energy, their heart, and their talent to serving the people who have participated in these programs,” Erhard said.

San Francisco-based Werner Erhard & Associates will be renamed Transnational Educational Corp.