These Workers Act like Owners (Because They Are)
Unlike so many other chief executives, Cecil Ursprung will never be accused of losing sight of his shareholders. He sees them every day—in the parking lot, in the hallways, even on the factory floor.
A Direct Stake in Economic Life: Worker-Owned Firms
That individuals work harder, better and with greater enthusiasm when they have a direct interest in the outcome is self-evident to most people. The obvious question is: Why aren’t large numbers of businesses organized on this principle? The answer is: In fact, thousands and thousands of them are.
Employee Ownership Indices and Investment Funds in the U.S. 1992–Present
Provides a detailed slide presentation related to the history and experience os employee ownership indices and mutual funds in the United States.
Honorable Mention: The Anti-FEMA
As government officials dawdled, Richard Zuschlag didn’t miss a beat. He sent his medics into flood-ravaged New Orleans, where they rescued more than 7,000 people.
Is Employee Ownership Counterproductive?
Turning workers into shareholders improves corporate performance, or so advocates of employee ownership maintain. Their logic is simple: workers with a stake in their company’s future are more likely to take a long-term view, which translates into higher productivity and other gains.
Equity: Why Employee Ownership is Good for Business
Today, more than 25 percent of American workers own stock in their employers. Now Corey Rosen, John Case, and Martin Staubus present convincing evidence that employee ownership can be much more than just a good benefit program.
The 1042 Roll-Over Cooperative in Practice: A Case Study of How Select Machine Became a Co-Op
On September 30, the seven employees of Select Machine, in Brimfield, Ohio, began to purchase their company from the two retiring owners, Doug Beavers and Bill Sagaser, using an employee-owned cooperative.
Vision, Mission, Credo
This note contains examples of mission and vision statements from a number of employee-owned companies, including Green Mountain Coffee Roasters, Whole Foods, King Arthur Flour, and more.
The ABCs of ESOPs: Employee Stock Ownership Plans Are Making Ownership Succession a Success
An increasing number of engineering firms are adopting ESOPs because of their many benefits. “We’re seeing a resurgence in them,” says Matheson, managing director of Matheson Financial Advisors in Falls Church, Va. “There’s a growing trend.”
Employee Ownership and Organizational Outcomes
The relationship between employee ownership and desirable organizational outcomes is well documented, but the cause, if any, is not.
Ohio’s Employee-Owned Network: Helping Employee-Owned Companies to Help Themselves?
Can a support organization enhance the development and performance of an employee-owned sector in a market economy? That is the question this paper will address.
SRC Holdings: The ‘Open Book’ Management Culture
The case examines how Springfield Remanufacturing Corporation Holdings (SRC), a key player in the engine and parts remanufacturing market in the US, turned itself around by implementing the ‘Open Book Management’ (OBM) philosophy.
The United Airline Bankruptcy and the Future of Employee Ownership
UAL suffered from particular design flaws in its stock ownership plan and, more seriously, the absence of complementary institutions focused on the distinctive problems of employee-owned firms.
A Stake in the Outcome: Building a Culture of Ownership for the Long-Term Success of Your Business
The strategy outlined by the authors hinges largely on opening up the books to all employees and keeping the staff posted on financial matters.
Molded Dimensions, Inc.
Mike Katz, an MBA with several years of manufacturing management experience, talks about purchasing Molded Dimensions, Inc. (MDI), a Wisconsin-based plastics manufacturer, with his wife Linda, who also has a manufacturing background.
Split Personality: an ESOP is a Retirement Plan. No, It’s an Ownership Investment. Wait—It’s Neither One – Benefits
In the wake of the spectacular bankruptcies of Enron, United Airlines, and Polaroid, employee stock ownership plans have come under intense media scrutiny during the past year. The staggering losses of employees’ retirement savings have prompted pundits to predict the demise of ESOPs, and politicians to call for regulatory overhaul.
Governing the Firm: Workers’ Control in Theory and Practice
Many explanations for the rarity of workers’ control have been offered, but there have been few attempts to assess these hypotheses in a systematic way. This book draws upon economic theory, statistical evidence, and case studies to frame an explanation.
Leader Values, the Structure of Employee Stock Ownership Plans, and Organizational Outcomes
What is the relationship between the personal philosophy (as it relates to the management of the firm) of leaders of employee-owned companies and the structure of their employee stock ownership plans?
Beyond Empowerment: Building a Company of Citizens
The Athenian model of organizational democracy offers a window into how sizable groups of people can, in an atmosphere of dignity and trust, successfully govern themselves without resorting to a stifling bureaucracy.
The Real World of Employee Ownership
Using data from an extensive study of employee-owned companies in Ohio, where employee ownership is a well-developed trend, this book offers a strong empirical portrait of firms with Employee Stock Ownership Plans (ESOPs).
Worker Participation: Lessons from the Workers Co-Ops of the Pacific Northwest
The purpose of this book is to consider some consequences of worker participation in production and to provide an accessible economics perspective on two groups of worker co-ops in the Pacific Northwest: the plywood co-ops and the forestry worker co-ops.
Starbucks Coffee Company
This case traces the origins of Starbucks and its rapid growth through joint partnerships and diversified products, and its rapid expansion of retail cafes. A profile of Starbuck’s financial contributions to community development and literacy projects, and its efforts to promote progressive workplace conditions is presented. Despite this, criticisms of pushing out local businesses, homogenization … Read More
Sportasia LTD.: A Community Company
Evident in the case are important themes such as the transformational leadership of its senior management, the effective use of human resource strategies to control organisational growth, and the adoption of values similar to Charles Handy’s ‘Citizen Corporation’.
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.