Ottawa Devices, Inc. (B)
The Rollins family assembly was meeting to choose between several business strategies, including an employee stock ownership plan.
Democratic Capitalism: The Way to a World of Peace and Plenty
Democratic Capitalism combines the free-market energies of competition and private property with the enormous productivity and innovation released in an environment of trust and cooperation. Ray Carey presents the theory and practice of democratic capitalism by coupling his experience with a synthesis of the thought of Adam Smith, Karl Marx, and John Stuart Mill.
High Involvement Work Systems and Political Efficacy: A Tale of Two Departments
Carole Pateman argues that democratic participation in the workplace can increase workers’ feelings of political efficacy and political participation. We explore this issue by looking at the implementation of a high involvement work system (HIWS), using both cross-sectional and longitudinal comparisons.
Labor Markets and Firm Benefit Policies in Japan and the United States
This paper presents finding from our most recent research on the transformation of participatory employment practices of Japanese firms in the 1990s, during which the Japanese economy slowed down considerably. The operation appears to be of particular public policy interest for many countries considering participatory employment practices as a way to improve their productivity performance and thus competitiveness.
In the Company of Owners: The Truth About Stock Options and Why Every Employee Should Have Them
The string of business scandals that recently engulfed America painted a picture of corporate chieftains lining their pockets by cutting corners, cooking the books, and duping gullible investors. In doing so, greedy CEOs have hijacked what could be one of the most important business innovations in decades: stock options for all employees.
Strategic Stakeholder Perspective to ESOP Negotiations: The Case of United Airlines
Employee stock ownership programs (ESOP) may become a source of competitive advantage but a threat to a firm’s survival as well. Strategic stakeholder negotiation, on the other hand, is a process through which an organization negotiates with multiple stakeholders in order to achieve a strategic goal. Such perspective helps to illustrate the importance of understanding, balancing, and managing stakeholder demands in ESOP-related negotiations. The airline industry provides an interesting arena in which to study this process.
The Strategic Use of Individual Employment Agreements: Three Case Studies
In light of varying outlooks on the process of individualisation in the hitherto collectively regulated industries, it was thought worthwhile revisiting the three disputes (those involving CRA Weipa, BHP, and the Commonwealth Bank) and thoroughly documenting them with a view to discovering what light they shed on the objectives of the individualisation process.
Public Companies with Broad-Based Stock Options: Corporate Performance from 1992-1997
This report compares the performance of corporations that offer their employees broad-based stock option plans to those that do not offer their employees broad-based stock option plans.
Largest Study Yet Shows ESOPs Improve Performance and Employee Benefits
The results of this study showed that ESOP companies perform better in the post-ESOP period than their pre-ESOP performance would have predicted.
DIENA
In 1997, seeking new sources of growth, A/S DIENA expands outside the Latvian capital to set up the Regional Press Group, a decentralized network of community newspapers emphasizing employee ownership and a separation of roles between editors and publishers.
Shared Modes of Compensation and Firm Performance: UK Evidence
This paper examines the use and consequences of shared compensation plans (profit sharing, profit related pay, SAYE schemes and company stock option plans) in a sample of UK workplaces and firms in the 1990s.
Managing for Value: It’s Not Just about the Numbers (HBR OnPoint Enhanced Edition)
The authors argue that properly applied, a VBM program will put your company’s profitability firmly on track.
Thinking Globally, Acting Locally: Promoting Employee Ownership at the Subnational Level
There are at least six reasons why we should be concerned with encouraging employee ownership at thesubnational level: at the level of the state, the province, the region, the municipality, or other subnationalgovernmental units or at the level of the industrial branch, cutting across governmental geographic units.
Note on Employee Stock Ownership Plans (ESOPs) and Phantom Stock Plans
Provides a brief overview of employee stock ownership plans (ESOPs) and phantom stock plans for owners of closely held companies.
Creating the Most Frightening Company on Earth: An Interview with Andy Law of St. Luke’s
Though only five years old, employee-owned St. Luke’s Communications has become one of the most talked about advertising agencies in the United Kingdom, increasing its profits eightfold.
Stock Price and Operating Performance of ESOP firms: A Time-Series Analysis
Prior literature suggests that the impact of employee ownership on employee behavior may depend on the financial rewards associated with ownership. As the financial value of ownership accounts increases, employee attitudes become more positive, which, in turn, improves organizational performance. In this paper, we explore this financial perspective of employee ownership by examining the relationship between stock price and operating performance of ESOP firms.
The Ownership Solution: Toward a Shared Capitalism for the 21st Century
Capitalism may have taken over the bulk of the modern world, writes highly regarded government and industry consultant Jeff Gates, but in its current incarnation it has created such dramatic inequities of wealth and power that more individuals than ever now feel detached from its inherent benefits and distrustful of its potential goals. In his revolutionary new book, The Ownership Solution: Toward a Shared Capitalism for the 21st Century, Gates outlines a wide-ranging plan to reverse this increasingly universal condition–and the result is a specific blueprint that, he argues, could easily be adopted around the globe.
Employee Buyouts and Industrial Relations under Employee Ownership: A Case Study of Karabuk Steel Mill
This article examines the employee buyout process and industrial relations under employee ownership based on the case study of the Karabuk steel mill.
The Privatization of Rhone-Poulenc–1993
In mid-1993, representatives of Rhone-Poulenc, a leading nationalized French firm, worked with the French government to plan the imminent privatization of the firm.
Employee Ownership, Employee Attitudes, and Firm Performance: A Review of the Evidence
Employee ownership in U.S. companies has grown substantially in the past 20 years. This paper reviews and provides some meta-analyses on the accumulated evidence concerning the prevalence, causes, and effects of employee ownership, covering 25 studies of employee attitudes and behaviors, and 27 studies of productivity and profitability (with both cross-sectional and pre/post comparisons).
Employee Stock Ownership and Corporate Performance Among Public Companies
This study compares the corporate performance in 1990/91 of two groups of public companies: those in which employees owned more than 5% of the company’s stock, and all others.
Participation and Productivity: a Comparison of Worker Cooperatives and Conventional Firms in the Plywood Industry
A perennial issue is the study of organizational behavior is the impact on productivity of participation by workers in a firm’s decisionmaking. The question has returned to the foreground is the recent debate over policies to increase U.S. productivity growth.
Work Alienation and Problem Alcohol Behavior
Using a sample of production workers from union, nonunion, producer cooperative, and employee stock ownership plan (ESOP) wood products mills in the Northwest, we test the general proposition that work alienation, defined as low job autonomy, low use of capacities, and lack of participation in decision-making in the workplace, is associated with heavy drinking and negative consequences from drinking.
Capital Disadvantage: America’s Failing Capital Investment System
In global competition, where investment increasingly determines a company’s capacity to upgrade and innovate, the U.S. system does not measure up.
The New Owners: The Mass Emergence of Employee Ownership in Public Companies and What It Means to American Business
Employees, always considered important stakeholders in American corporations, are today emerging as a key shareholder group.