Summary
Employee ownership is a situation in which employees have an ownership stake in the firm where they work, through holdings of firm stock. It is a channel through which employees share in the profits of the firm and can vote on important firm decisions and otherwise have increased participation in workplace decisions. The focus of this book is on broad-based employee ownership—that is, ownership of stock not just by top-level managers but by workers at all levels of a firm’s hierarchy. The past several decades have witnessed growth in broad-based employee participation in the financial performance of firms, both in the United States and in other advanced countries.