Any business owner who evaluates their succession options without investigating the concept of an employee stock ownership plan will be making a mistake. What is an ESOP, and how does it work?
If undertaken nationwide, initiatives to support employee ownership at the state level could dramatically improve not only the welfare of prospective employee owners, but also revitalize an important source of U.S. firms’ competitive advantage in the global marketplace…
Communication benefits the employee-ownership plan of a company in many ways. A well-communicated plan and a well-planned communication campaign are much more likely to accomplish your objectives…
Capitalism is living in interesting times. Politicians, academics and activists around the world are debating the merits of the capitalist system, and how and if it could be improved…
Dini Partners, Inc. became an S-Corporation as of Jan. 1, 2012. ‘It was clearly a way to define an ownership transition. The ESOP provided a path to an orderly transition of ownership. Also, as some of our senior members of the staff transition into retirement, we needed a vehicle to incentivize the younger, talented professionals to have a long-term stake in the firm.’
It is time to make the case that employee ownership is a solution to a lot of what is wrong with our country, and we need to continue to promote the concept until we have 30,000 or 40,000 employee-owned companies rather than the static 10,000 we have had for the last decade or more. If we can do that, we will have put a large part of the country on a much stronger footing, and moved toward solving some fundamental economic and social problems…
With ESOPs now formed almost entirely at very healthy companies – and many of those enjoying the unique cash flow benefits of operating as ESOP-owned S corporations – a growing number of these companies have become the predators of the M&A jungle…
The California Center for Employee Ownership provides information and resources to promote a better understanding of employee ownership in California.
Sundt had its share of ups and downs, but in 1992 when J. Doug Pruitt took over as the company’s COO, the company was headed toward bankruptcy. Today, the 100 percent ESOP-owned company operates out of eight offices located in Arizona, California, Texas, and North Carolina, and works on large construction projects in both the public and private sectors…
Integrating art, business and education, this documentary film captures inspiring stories of employees and founders from three companies, each structured with distinct forms of broad-based employee ownership, who share an insider’s view of shared wealth and responsibility, high involvement culture, and their approaches and challenges in creating opportunity and prosperity through ownership.
This booklet provides a “users’ manual” for workers, especially immigrant workers, and their advocates, for organizing a worker-owned cooperative as a worker empowerment strategy.
Roy Weber met Cheng Wang, a business consultant and Chinese entrepreneur, at Cheng’s hotel bar in Silicon Valley. Although Roy was slightly familiar with Chinese business practices, he welcomed more advice from a Chinese national. Could Roy transplant Silicon Valley’s model of employee ownership to China, and what would this process entail for a technology startup?
CMC Rescue became 92 percent employee owned in 2011. Jim came to the realization that employee ownership could realistically be the only way to assure continuation of CMC with its current operations and employees…
This book describes the full spectrum of equity compensation plans (such as stock options, stock purchase plans, stock grants, restricted stock, phantom stock, and stock appreciation rights) available to private and public companies as well as LLCs. Unlike most books on equity compensation, it focuses on helping decision-makers decide what kinds of equity to choose, and who should get how much and when.
This presentation and accompanying worksheet discuss ways to clarify and refine your company’s value proposition, for both employee owned and other firms. It outlines ways to position your brand both internally and externally, gives examples of existing company approaches, and focuses on customer collaboration, strategic growth, and customer development.
While the U.S. manufacturing sector has shrunk over the past 30 years, the fully worker-owned Isthmus Engineering & Manufacturing (IEM) cooperative has thrived in the automated manufacturing industry.
I think the reason we are still undecided about the sustainability of the employee-ownership model is simply that there are still significant numbers of business leaders (and, more importantly, business advisors) for whom the idea that allowing employees to earn capital as well as salary and benefits just sounds wrong.
n-Link Founder Sandra Green explains that in the early days she wasn’t exactly certain what employee ownership entailed but knew intrinsically that it was a good thing for the company and the employees.
What do veteran ESOP companies have much to teach us about what it takes to sustain employee ownership over the long term?
The case describes a unique corporate culture that motivates employees to achieve the organization objectives. It also discusses the company development strategy, the concept of shared leadership and how their recent partnership with a major private equity firm may have changed TEOCO’s culture and its business model…
Beyster Institute Senior Consultant Martin Staubus is teaching a course entitled ‘Management 269: Creating a High-Performing Workplace.’ In this interview, Professor Staubus describes the course’s five themes.
Flexpak Corporation, has been a leader in providing thermoforming and packaging services to its clients for many years. The employee-owned company, founded in 1974 by Donald Bond is headquartered a few minutes from downtown Phoenix, Ariz.
Increasing numbers of businesses view their employees not as a mere cost but as invaluable contributors for business success. These firms are implementing strategies to fully engage employees at all levels. The Employees Matter report identifies sixteen fast growing entrepreneurial firms that employ employee ownership and engagement strategies which they perceive as directly linked with improved business performance. Eight other notable companies with key lessons to share are included as sidebar profiles.
This special edition of The Nation brings together a wide range of articles on new ways to shape capitalism, and to work on economic recovery.
An overview of the Case of HCSS, also found in the CLEO database.