A Business Idea duka jam'iyyun iya yarda On
The United States is in the throes of primary season, so Republican
and Democratic candidates are still competing fiercely with rivals in
their own party. But it won’t be long before the two parties’
standard-bearers are hurling invective at each other. If history is any
guide, voters will come to believe that there’s absolutely no common
ground between them.
Well, here’s an idea that some leaders in both parties have already endorsed: employee ownership.
Say “employee ownership” to a friend or relative and you’re likely to get a blank stare. Or else you’ll hear a skeptical laugh. “They tried that with United Airlines, right? Didn’t work.”
We’re here to tell you that it does work. We just returned from the National Center for Employee Ownership’s annual conference, held this year in Minneapolis. Some 1,600 people were at the conference, representing hundreds of companies with employee stock ownership plans (ESOPs). Many of the companies there were 100% owned by their employees.
All told, there are close to 7,000 companies with ESOPs or equivalent plans in the US, covering more than 13 million employees. About 2,800 of these companies are wholly owned by their ESOP or are on the way to 100% ownership. Companies with majority employee ownership range from the 1,100-store Publix supermarket chain, a market leader in Florida and other southeastern locations, to entrepreneurial businesses with a few dozen employees.
Well, here’s an idea that some leaders in both parties have already endorsed: employee ownership.
Say “employee ownership” to a friend or relative and you’re likely to get a blank stare. Or else you’ll hear a skeptical laugh. “They tried that with United Airlines, right? Didn’t work.”
We’re here to tell you that it does work. We just returned from the National Center for Employee Ownership’s annual conference, held this year in Minneapolis. Some 1,600 people were at the conference, representing hundreds of companies with employee stock ownership plans (ESOPs). Many of the companies there were 100% owned by their employees.
All told, there are close to 7,000 companies with ESOPs or equivalent plans in the US, covering more than 13 million employees. About 2,800 of these companies are wholly owned by their ESOP or are on the way to 100% ownership. Companies with majority employee ownership range from the 1,100-store Publix supermarket chain, a market leader in Florida and other southeastern locations, to entrepreneurial businesses with a few dozen employees.
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