Own It, Grow It, Trade It
How do you share the wealth with your employees without going public? SAIC created an internal stock market that outperforms Wall Street.
Corporate New Ventures at Procter & Gamble
Procter & Gamble’s top executives form a small, autonomous, cross-functional Corporate New Ventures team led by a young former brand manager. The team invents a systematic approach to gathering information and producing creative ideas for radically new product categories.
Cooperation Works!: How People Are Using Cooperative Action to Rebuild Commuities and Revitalize the Economy
Fifty case studies of new types of cooperatives, from healthcare, camping gear, trailer courts, buffalo, hardware, housing, sports teams, credit, carpet, even manure and beyond highlight the almost limitless ways people are using cooperative action to rebuild community, revitalize their economies and secure their lives.
Employee Ownership as Catalyst of Organizational Change
This article identifies several key factors as mediating links between employee ownership plans and organizational effectiveness: the initiator’s purpose of the employee ownership plan; perceptions of ownership; level of participative decision-making systems; and organizational culture.
Transportation Displays, Incorporated (D): Exiting from a Successful Restructuring
Following a successful corporate turnaround and, more recently, a leveraged recapitalization, management of a highly profitable, fast–growing outdoor advertising company must consider alternative ways to harvest cash flow from the company without jeopardizing the turnaround or incurring significant tax liabilities.
My Struggle with Wall Street
Many of the most important practices at this company exist in large part because Wall Street and the banks have applied so much pressure. If the financial community had gone easier on us, we might not be where we are today.
The Ad Agency to End All Ad Agencies
St. Lukes, a rebellious young agency spun out of the once-revolutionary Chiat/Day, practices what it preaches — the gospel of total ethics and common ownership.
McKay Nursery Company (A, B)
McKay Nursery Co., founded in 1897 in Waterloo, WI, had a longstanding history of commitment to employees. The close-knit organization was a pioneer in the agricultural industry of several employee-friendly policies. But in the early 1980s, as McKay’s owners grew older and senior management neared retirement, the next generation of managers feared for the future of the profitable, debt-free company…
Transportation Displays, Incorporated (C): The Case for a Preemptive Restructuring
A company nears the end of a long multiyear turnaround and now must consider how to “cash out” so its management can realize a financial return on investment. The privately held company has several options, including a leveraged ESOP and a leveraged recapitalization.
Connor Formed Metal Products
Connor Formed Metal Products was a small, privately owned manufacturer of custom metal springs and stampings. Since becoming president in 1984, Bob Sloss had implemented many changes to the company’s organizational structure, management control systems, and information systems.
Employee Stock Ownership Plans (ESOPs): Objectives, Design Options and International Experience
Employee share schemes are becoming more prevalent worldwide. Originally designed as an ownership-broadening technique of finance, the term ‘ESOP’ is now used to describe a wide variety of employee participation strategies covering a diverse array of applications. ESOPs are best known for their adaptability and flexibility across a broad range of economic, political, and cultural circumstances.
Work Alienation and Problem Alcohol Behavior
Using a sample of production workers from union, nonunion, producer cooperative, and employee stock ownership plan (ESOP) wood products mills in the Northwest, we test the general proposition that work alienation, defined as low job autonomy, low use of capacities, and lack of participation in decision-making in the workplace, is associated with heavy drinking and negative consequences from drinking.
Transportation Displays, Incorporated (A)
William Apfelbaum, president and CEO of Transportation Displays, Inc., must restructure both the company’s method of doing business and its liabilities to keep it from bankruptcy. The value he hopes to receive from the reorganized company will be an important issue in the restructuring negotiations with creditors.
Howard Schultz (A, B)
In the late 1980s Howard Schultz led the Starbucks Coffee Co. to explosive growth, transforming a small whole-bean coffee company into a national retail power. Starbucks success hinged on its reputation for quality and personal service…
Transportation Displays, Incorporated (B)
Transportation Displays, Inc. has gone through a series of restructurings. This case describes the last few stages, which substantially reduced debt and increased the ownership of management.
Empowerment or Else
Nine years ago, the author bought a small manufacturing company with marginal profits, poor union relations, nit-picking work rules, and high labor costs. After a year of bickering, Frey decided he wanted to implement profit sharing.
People Express Airlines: Rise and Decline
This case describes the innovative approach to organizing and managing employees by People Express and describes the company’s eventual demise.
Capital Disadvantage: America’s Failing Capital Investment System
In global competition, where investment increasingly determines a company’s capacity to upgrade and innovate, the U.S. system does not measure up.
Rick Surpin (A, B, C)
A long-time community development worker creates hundreds of jobs for low-income women and minorities by forming a for-profit home health care cooperative, Cooperative Home Care Associates…
Employee Ownership, Attitudes, and Turnover: An Empirical Assessment
Previous research on employee-owned organizations has been limited in time frame and in the outcomes examined, which have been primarily attitudinal measures. This study examined the effects of an employee ownership program on employee attitudes and actual turnover behavior over an extended time period.
Practice Note: Questions and Answers Regarding ESOPs for Family Businesses
Assessing the applicability of employee stock ownership plans for a family firm requires a basic understanding of their characteristics, followed by a careful analysis of the costs and benefits in the specific case. This note provides general information and offers guides for the critical, specific questions an adviser or owner should ask.
Workers as Owners: An Empirical Comparison of Intra-firm Inequalities at Employee-owned and Conventional Companies
Based on a sample of three employee-owned and seven conventional companies, this study empirically tests the theoretical claim that employee ownership and management reduces inequality at the firm level. Inequality is broadly defined as the unequal distribution of income, wealth, power, prestige, and privileges, as well as the existence of social boundaries between classes.
Making Mondragon: The Growth and Dynamics of the Worker Cooperative Complex
This book gives a valuable insight into the history and formation of this unique undertaking as well as a wonderful portrait of the far-sighted Basque priest who master-minded the original project.
Understanding Employee Ownership
Provides information on the basic mechanisms of employee ownership, how employee ownership can be a means to community economic development, and the growth of stock ownership plans abroad.
Correlates of Employee Satisfaction with Stock Ownership: Who Likes an ESOP Most?
This study examines the correlates of individual employee satisfaction with stock ownership in a sample of 37 employee stock ownership plan (ESOP) companies.