Five Myths of Employee Ownership
This presentation discusses five myths surrounding employee ownership…
Distressed ESOP Sales Presentation for Sellers
Developed in 1989, these slides are placed on CLEO for researchers to use to ascertain some of the perceived motivations behind the types of transactions that were being discussed and closed during this period of ESOP history when many of the big, union-oriented ESOPs were being formed.
Understanding Support for ESOPs: Charts on Public Polling Data on Employee Ownership
This 2019 presentation shows the great degree of support among Democrats, Republicans, and Independents for employee ownership. Nearly three-fourths of respondents in a national survey said they would rather work for an employee-owned company than for shareholders or the government. That view transcended ideological and partisan divides, with 74 percent of Democrats, 72 percent of … Read More
When Workers Control the Code
With the emergence of worker-owned apps, where they own and run the marketplace themselves, the on-demand labor apps are seeing a new light. It’s a trend that could save the gig economy from itself. One of these apps is Up & Go, which lets you order house-cleaning services in New York City. The cleaners are … Read More
Do Employee Share Owners Face Too Much Financial Risk?
A major theoretical objection against employee ownership is that workers become inadequately diversified and exposed to excessive financial risk. Recent theory concludes that 10-15% of a worker’s wealth portfolio can be prudently invested in employer stock provided the rest of the portfolio is properly diversified. This paper analyzes employee share ownership in U.S. family financial … Read More
Building the Assets of Low and Moderate Income Workers and their Families: The Role of Employee Ownership
In 2015, the W.K. Kellogg Foundation engaged the Institute for the Study of Employee Ownership and Profit Sharing, at the Rutgers University School of Management and Labor Relations, to conduct a qualitative study examining the asset building impacts of employee ownership for low- and moderate-income employees and their families.
Mud Bay’s Good Jobs Journey
This 2019 MIT Sloan case by Zeynep Ton and Katie Bach describes how the executive team at Mud Bay, a privately held pet store chain based in Olympia, Washington, implemented a good jobs strategy by offering better wages and benefits and seeking to recoup the costs by increasing sales growth and lowering other expenses.
Making a Case (and Chairs, and Desks) for Employee Ownership: KI Furniture
Employee-owned businesses tend to outperform their competitors, a growing body of research shows. According to the National Center of Employee Ownership, businesses with employee ownership models grow sales and employment at a faster rate than businesses without such programs. Employee-owned firms also perform better than their counterparts during recessions, per research from Georgetown University. For … Read More
Co-opLaw.org
Co-opLaw.org is an online legal resource library supporting democratic, worker-owned businesses from the Sustainable Economies Law Center.
Uncertainty Avoidance and the Timing of Employee Stock Option Exercise
We examine the impact of the cultural norm of uncertainty avoidance on employee stock option (ESO) exercise behavior using proprietary data from a multinational firm. We find that employees from countries with higher levels of uncertainty avoidance exercise their stock options earlier. These findings lend support to a maintained assumption in the ESO literature that … Read More
Mission-Led Employee-Owned Firms: The Best of the Best
Mission-led employee-owned firms embody a powerful model of enterprise design for a new era of environmental sustainability and social equity. These companies have much to teach the business world about ownership design for the 21st century and beyond. This report shares the story of this emerging model, embodied in 50-plus firms that are employee owned … Read More
CoopGateway
CoopGateway is the world’s largest digital library on cooperatives and mutuals. Created by the Alphonse and Dorimène Desjardins International Institute for Cooperatives of HEC Montréal, CoopGateway aims to promote access, development and sharing of knowledge on cooperatives and mutuals in the digital age.
The ESOP Communications Sourcebook, 7th Edition
This book from the National Center for Employee Ownership shows ESOP companies how to communicate the plan to employees as well as customers.
Research on Employee Ownership, Corporate Performance, and Employee Compensation
Over the years, the NCEO has reported on new research on employee ownership and corporate performance. Now that a substantial body of work exists on the subject, they thought it would make sense to summarize it in one place.
An Introduction to ESOPs, 18th edition
This short book from the National Center for Employee Ownership explains how ESOPs work in a clear and concise manner.
Stock-Based Compensation at Twitter
Olivia Nash, an analyst at leading hedge fund BlueShark Capital Management, had just finished listening to the hour-long earnings call for Twitter’s Q4 2017 results. Was Twitter doing well? That depended on which numbers she chose to believe. According to Generally Accepted Accounting Principles (GAAP), Twitter had recorded a $108M net loss for 2017. But … Read More
Do Consumers Value Employee Ownership? Evidence from an Experimental Auction
Purpose The purpose of this paper is to evaluate how the public at large perceives employee ownership, and how public perceptions of employee ownership translate into consumer valuation of goods and/or services produced by employee-owned firms. To the extent that consumer interest regarding the governance and ownership structure of firms matters in their purchasing decision, … Read More
Using an Employee Stock Ownership Plan (ESOP) for Business Continuity in a Closely Held Company
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
Mondragon’s Amorphous Network Structure: “Making the Whole Truly Greater than the Sum of Its Parts”
This article focuses on the unique organizational structure, ownership model, and decision-making process at Mondragon Corporation, the world’s largest consortium of worker-owned cooperatives.
A Piece of the Pie? The Effects of Familial Control Enhancements on the Use of Broad‐Based Employee Ownership Programs in Family Firms
While family firms tend to be highly committed to their employees, scholars contend that founding family owners are likely hesitant when it comes to sharing ownership broadly with non-family employees. Taking a heterogeneous view of family firms, this study investigates the implications of different familial control‐enhancing mechanisms on the use of broad‐based employee ownership programs … Read More
Shareholder Concerns with Equity Compensation – Concept of Fairness
This PowerPoint presentation is Class 5 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores shareholders concerns regarding equity, building a culture of ownership, and effective leadership in an engaged company. This presentation is part of the Teaching Module: Topics in Corporate Governance: Techniques of Equity Compensation.
Guest Interview: Topics in Corporate Governance
This PowerPoint presentation is Class 4 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores two employee-owned business, ATA Engineering, Inc. and Chatsworth Products, Inc. Case Study #1: ATA Engineering, Inc. Case Study #2: Chatsworth Products, Inc. This presentation is part of the Teaching Module: Topics in Corporate Governance: Techniques … Read More
Equity Compensation and the U.S. Tax Consequences
This technical note explores the many different forms of equity compensation. Equity compensation, defined as compensation that provides for the delivery of equity securities, aligns employees’ incentives with shareholder value driven by a company’s stock price. Equity compensation is used extensively to attract and retain key employees. However, the types of equity compensation differ in … Read More
Legal Implications and Future Trends
This PowerPoint presentation is Class 3 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores the legal implications of equity compensation covering tax law and labor considerations; as well as future trends. This presentation is part of the Teaching Module: Topics in Corporate Governance: Techniques of Equity Compensation.
Overview of Techniques – Non-Qualified Plans and Synthetic Equity
This PowerPoint presentation is Class 2 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores what non-qualified plans are covering legal factors, basic types, direct and indirect ownership tools, stock options and settlement choices. The session also explores synthetic equity. This presentation is part of the Teaching Module: Topics in … Read More