This interactive course introduces the seven cooperative principles: voluntary and open membership; democratic member control; member economic participation; autonomy and independence; education, training and information; cooperation among cooperatives; and concern for community.
Isthmus Engineering is an example of a highly democratic worker-owned firm operating in an industrial sector that one might not think of as fertile ground for participatory democratic governance—the design and manufacture of highly technical custom automation machinery. From the beginning, membership in the cooperative has been open to any worker, regardless of role or … Read More
Pallak Seth, Group CEO of PDS Multinational Fashions, is contemplating options to bring better collaboration across his global apparel supply chain platform. PDS, a group of 50-plus subsidiary companies, each led by its own CEO and with different apparel industry specialties, has grown rapidly over the past decade, yet the industry is increasingly competitive and … Read More
Congress designed ESOPs to be the most cost-effective means for both owners and companies to provide for business transition. One of the most difficult problems for owners of closely-held businesses is finding a way to turn their equity in a business into cash for retirement or other purposes. The decision to sell is more than … Read More
This mini-case study examines S&C Electric Company, the storied Chicago-based employee-owned company that was founded in 1911. The mini-case study introduces the company’s history and describes how employee ownership preserved the company and its jobs during a key generational transition.
This mini-case study examines ComSonics, which first adopted an Employee Stock Ownership Plan (ESOP) in 1975, introducing its culture and its unusual Employee Advisory Committee.
This mini-case study examines employee share ownership at National Van Lines, where an Employee Stock Ownership Plan (ESOP) provided a family-run business a succession plan that ensured the continuation of the company and protected employee jobs. Just one-third of family businesses successfully transition from the first to the second generation of ownership and only 12% … Read More
This case study examines employee share ownership at Central States Manufacturing, where the employee stock ownership plan (ESOP) shares stunning sums of wealth with employees. Central States designs its ESOP to allow participants to access a portion of their ownership wealth while they are still employed at the company, through hardship and service withdrawals. This … Read More
This case study examines employee share ownership at North State Grocery, where the Employee Stock Ownership Plan (ESOP) solved a transition challenge in a company owned by two siblings. Thanks to the ESOP, long-term employees, including frontline staff such as cashiers and bakery workers, build a larger cushion of retirement savings than is typical in … Read More
This case study examines employee share ownership at Parksite, Inc., where the employee stock ownership plan (ESOP) is paired with a strong company culture and high job quality. For the company’s co-founders, the ESOP provided a solution to a major transition challenge. The company’s long-term employees accumulate considerable stock wealth through the ESOP. Discussion questions … Read More
As KKR, a private equity firm, prepared to take Gardner-Denver, one of its portfolio companies, public in mid-2017, a discussion arose on the Gardner-Denver board about the implications of granting approximately $110 million in equity to its global employee base as part of its innovative “broad-based employee ownership program.” KKR (formerly known as Kohlberg Kravis … Read More
We the Owners: Employees Expanding the American Dream is a documentary from the Foundation for Enterprise Development that follows three companies of different sizes in different industries and regions (New Belgium Brewing, Namaste Solar, and DPR Construction) that use employee ownership in diverse ways (an ESOP, a worker cooperative, and a phantom stock plan respectively). … Read More
In this video about North State Grocery, the 100% employee owned chain of grocery stores operating as Holiday Market and Sav-Mor-Foods in Northern California and Oregon, employees describe what employee ownership means to them.
This Fortune Magazine video describes employee ownership at Publix Super Markets, the largest employee-owned company operating in the United States.
SRC employee-owners share how they impact the company’s bottom line – from idea sharing to cost savings. SRC Holdings is an open book employee owned company based in Springfield, Missouri.
The Colorado Employee Ownership Office (EOO) in collaboration with the Colorado Office of Film, Television and Media (COFTM) has developed a documentary following the employee ownership journeys of five Colorado companies. “Own It: A Colorado Story” follows five Colorado-based companies that have transformed the fabric of their communities – and the lives of their workers … Read More
This is a survey course that explores the variety of ways that businesses can compensate employees with shares of equity, profits, or gains and the human resource management, employment relations, organizational and individual motivational issues that such practices raise. The class will use the Harvard Business School case study method where each class will be … Read More
This ASPPA certificate course develops concepts for an administrator to better understand ESOPs and the intricacies of plan administration for ESOPs. It is specifically designed for administrators and candidates transitioning into intermediate ESOP areas. All ASPPA examination and educational materials are copyrighted. No examination or educational materials can be copied, reproduced or shared in any … Read More
Businesses interested in transitioning into employee ownership are often presented with a structural dilemma: convert into an ESOP or a cooperative? Go for the democratic worker control and participation of a cooperative, or the tax benefits of an ESOP? In this article the author describes how he helped a company, Sun Light & Power, combine … Read More
The goal of playing the Great Game of Business has always been to find a way to teach the have-nots how the haves make it. It’s about creating and distributing wealth equitably as a way to close those gaps in wealth that plague our society. It’s about changing the game. Change the Game is filled … Read More
Inequality in the U.S. has been getting worse for decades: The richest 1% own a majority of all business wealth, and the top 10% own more than 90%. It has become clear that companies need to address the problem. One place to start is by expanding employees’ ownership stakes in companies, giving workers a path … Read More
Platform cooperatives make possible a more democratic digital economy. They offer an alternative to extractive “platform capitalism,” one based on cooperative principles such as democratic ownership and governance.
This French language doctoral thesis examines the role of employee shareholders in corporate governance, drawing on original interview research.
The redesigned Curriculum Library for Employee Ownership (CLEO), the online library dedicated to employee share ownership, features more than 600 resources—including company case studies, links to scholarly research articles, informative videos, and policy reports. This webinar introduces this free online library and highlights resources of interest to business owners who are considering employee ownership. Research … Read More
This booklet helps business owners evaluate employee ownership. Thousands of business owners have decided that employee ownership is the best way to preserve the job security of their workforces and protect the character of their companies while providing them and their families fair value. In “Who Should Own Your Business After You?,” several of them … Read More