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Tells many stories, in the words of the business leaders who have developed and maintained both successful and not-so-successful Employee Stock Ownership Plans (ESOPs). These first-person accounts are filled with practical advice, usable guidelines, legislation and regulations involved in creating an ESOP, the pitfalls to avoid, and how-to examples.
In the largest study of profit-sharing and employee ownership in years, Joseph R. Blasi, Richard B. Freeman and Douglas L. Kruse investigated dozens of large- and medium-sized companies across all sectors of the United States' economy. The ten-year effort involved nearly 50,000 employees, and the findings were unequivocal: when rank-and-file employees - not just top executives - are given an ownership stake in their company, the result is better worker engagement, more loyalty, more innovation, and drastically lower turnover. The common notion that profit sharing creates a free rider mentality among workers proves totally unfounded. In The Citizen's Share, Blasi, Freeman and Kruse argue that...
Employee ownership creates stronger companies, helps workers build wealth, and fosters a fairer, more stable society. In this book, two leading experts show how it works-and how it can be greatly expanded. Wages don't cover the bills. Wealth inequality is growing. Social trust is eroding. There are endless debates about what to do, but one key factor is inexplicably left out: who owns the companies that drive the economy? Ownership matters. Ownership by a few means benefits for a few. But if you spread ownership around, you spread the benefits of capitalism around. Employee ownership lets workers build real wealth, not just pick up a paycheck. And it's a piece of the puzzle that's in plain s...
The ideas of economic democracy and financial participation are not new. The International Congress on profit-sharing first met in Paris in 1889. However since then, the numerous schemes have met with mixed reactions and various levels of success. In Economic Democracy and Financial Participation, Daryl D'Art has two objectives. Firstly, to examine if, and under what conditions, profit-sharing schemes and employee shareholding can motivate workers and generate cooperative striving. Secondly he identifies the schemes of financial participation which have the potential to realise economic democracy within the individual firm and wider society.