by: The National Center for Employee Ownership
Source: The National Center for Employee Ownership
On a rainy business trip to Florida recently, I got up early and put on my Gore-Tex running outfit to go out for my morning jog. After showering, I threw my Crest Toothpaste into a bag and hurried over to Starbucks for coffee and a pastry. I needed to catch my Southwest Airlines flight soon, but I left my razor at home, so I rushed into the Publix Supermarkets and picked one up. It was going to be a long day, but I felt good that all the products and services I'd used so far had come from companies where the employees were substantial or principal owners.
I have to say my story is a fable, but it could have happened. But what has happened to employee ownership is no fable. There are now over 25 million employees who own stock in their companies through employee stock ownership plans (ESOPs), broadly granted stock options, or 401(k) plans with heavy concentrations of employer stock.
Link: A Detailed Overview of Employee Ownership Plan Alternatives
Publication Date: 2009-01-01