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Milestone Environmental Contracting Inc.: Employee Ownership as a Next Step for a Fast-Growing Environmental Remediation Company

Lorin Busaan, Simon Pek | April, 2023

This teaching case study explores employee ownership at Milestone Environmental Contracting Inc. Milestone has long seen its employees as crucial to achieving its ambitious vision of becoming the general contractor of choice for governments, consultants, and engineers in an increasingly in-demand field in Canada. Recently, grounded in a desire to ensure that growth is more … Read More

Chatsworth Products, Inc.

Anthony Mathews

This PowerPoint presentation is a case study that is part of Class 4 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The case study discusses Chatsworth Products, Inc. (CPI), a leading manufacturer of systems designed to organize, store and secure IT infrastructure equipment. This presentation and case study is part of the … Read More

The Economic Argument for Stakeholder Corporations

Lenore Palladino | June, 2019

The mainstream economic theory that guides corporations in the US only works if markets are perfectly efficient. This flawed theory has led to corporate decision-making that centers shareholders above all else, including other stakeholders (e.g., workers), long-term business growth, and economic health. This shareholder-first ideology is referred to as “shareholder primacy,” which does not reflect … Read More

Beyond Dichotomy: The Curvilinear Impact of Employee Ownership on CEO Entrenchment

Abdelmehdi Ben Abdelhamid, Nicolas Aubert, Victor Prieur, Xavier Hollandts | December, 2018

Employee stock ownership gives employees a voice and therefore may have a major impact on corporate governance. Thus, employee stock ownership may be a powerful mean to protect CEOs from both market for corporate control and dismissal threat. In this paper, we examine the relationship between employee stock ownership and CEO entrenchment. Following the recent … Read More

Shareholder Concerns with Equity Compensation – Concept of Fairness

Anthony Mathews | August, 2018

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

Anthony Mathews | August, 2018

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

Legal Implications and Future Trends

Anthony Mathews | August, 2018

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

Anthony Mathews | August, 2018

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

Equity as a Currency of Business – Qualified Plans

Anthony Mathews | July, 2018

This PowerPoint presentation is Class 1 from the Course: Topics in Corporate Governance: Techniques of Equity Compensation. The session explores the notion of equity as a currency of business; and explores the most “tax favored” techniques, qualified plans. This presentation is part of the Teaching Module: Topics in Corporate Governance: Techniques of Equity Compensation.

Topics in Corporate Governance: Techniques of Equity Compensation (Teaching Module)

Anthony Mathews | July, 2018

This Teaching Module, designed by Anthony Mathews, covers the techniques used in equity compensation. The module consists of the course syllabus, five class sessions, two case studies and an Equity Compensation Cheat Sheet. Topics include qualified and non-qualified plans, legal implications, shareholders concerns regarding equity, building a culture of ownership, and effective leadership in an … Read More

Optimal Employee Ownership Contracts Under Ambiguity Aversion

Guillaume Garnotel, Hachmi Ben Ameur, Jean-Luc Prigent, Nicolas Aubert | January, 2018

The aim of this paper is to compute and describe the conditions of an optimal employee ownership contract between an employer and an ambiguity‐averse employee. We then introduce ambiguity aversion in the baseline model of Aubert et al. (2014) using the multiple prior preferences of Gilboa and Schmeidler (1989) and its extension proposed by Maccheroni … Read More

Firms as Political Entities Saving Democracy Through Economic Bicameralism

Isabelle Ferreras | November, 2017

Democracy has been disrupted by capitalism to the point of near extinction. Isabelle Ferreras proposes a simple, yet revolutionary solution: democratizing capitalism. Starting with the sociological observation that workers expect to be treated as full citizens, and drawing on the history of Western democracies, this book argues that workplaces are part of the public sphere, … Read More

Governance and Decision Making at Carris Reels

Daphne Berry, David Fitz-Gerald | January, 2017

Synopsis Carris Reels, a reel-manufacturing company headquartered in Vermont, had long-standing goals of being employee owned and governed. They also had a strong organizational (ownership) culture. The Corporate Steering Committee (CSC), a committee composed of representatives from management and non-management employees, and the board of directors had a decision to make about adding two new … Read More

Cooperating Without Co-Laboring: How Formal Organizational Power Moderates Cross-Functional Interaction in Project Teams

Trevor Young-Hyman | January, 2017

I examine how different distributions of ownership and governance rights in firms affect the optimal organization of cross-functional project teams for knowledge-intensive work. I analyze multi-method data from two competing automated manufacturing equipment engineering firms with contrasting formal power structures, one a worker cooperative with ownership and governance rights distributed across occupations and the other … Read More

CH2M Hill: A Private Firm in a Public World

Michael Moffet | October, 2016

CH2M Hill was an employee-owned and controlled professional engineering services firm providing engineering, construction, consulting, design and design-build, procurement, engineering-procurement-construction (EPC), operations and maintenance, program management and technical services to customers all over the world. A large portion of the company’s project business was funded by governments. With 5.9 billion in sales in 2015 and … Read More

Compensation, Funding, and Ownership (ENTR 599)

Aaron Crumm | January, 2016

This course is presented from the perspective of the entrepreneur and employee owner. The seven week course will cover the critical steps of equity and employee ownership; founding your own company or joining a start–up, successfully navigating funding rounds, deploying your equity to incentivize employees and encourage long–term growth, or negotiating through an exit. 

Looking for Mr. GoodTrustee 

Anthony Mathews | December, 2015

The purpose of this brief article is to suggest an interview script that reflects a list of areas that an ESOP company should want to understand completely before handing over this extremely important role to an outsider… 

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