Summary
The ESOP – Employee Stock Ownership Plan – is, slowly, on the rise. Since 1975, the number of employee-owned companies in the United States has grown from 1,600 to more than 11,000; they now represent about 12 percent of the private-sector workforce. Some proponents think they’ll grow even more this decade. These worker-owned businesses are more productive and could benefit the American economy. It’s not just that employees work harder. They also contribute original ideas and cost-saving solutions at the job level.
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