Equity : Why Employee Ownership Is Good for Business

by Rosen, Corey

• ISBN13: 9781591393313
• ISBN10: 1591393310
• Format: Hardcover
• Copyright: 2005-05-30
• Publisher: Harvard Business School Pr

Summary

How employee ownership can pay bottom-line benefits. Today, more than 25 percent of American workers own stock in their employers. You can shop at employee-owned supermarkets such as Publix, buy Gore-Tex fabric from employee-owned W.L. Gore & Associates, and sip coffee served by employee owners at Starbucks. Now Corey Rosen, John Case, and Martin Staubus present convincing evidence that employee ownership can be much more than just a good benefit program. Done right, it can be the foundation for a new-and more effective-model of management. Drawing on first-hand studies of dozens of companies from large corporations to local retailers, the authors show that the "equity model" enables firms to grow faster and more profitably than conventionally run competitors. Vivid examples of both winning and failed attempts at employee ownership reveal the key concepts that make the model successful, and suggest how managers can adapt these strategies for use in their own companies. This lively and practical guide delivers a sound business case for making employees true partners in a firm's success.

Author Biography

Martin Staubus is Director of Employee Ownership Consulting for the Beyster Institute at the Rady School of Management, University of California, San Diego. Corey Rosen is confounder and Executive Director of the National Center for Employee Ownership.

Table of Contents

PART ONE: A DIFFERENT KIND OF COMPANY
Ownership: The Performance Additive	3	(16)
The Equity Model	19	(26)
PART TWO: ORIGINS
Louis Kelso and the Invention of Employee Ownership	45	(24)
The Quest for Cooperation	69	(28)
PART THREE: BUILDING A SUCCESSFUL EQUITY-BASED COMPANY
Taking Ownership Seriously	97	(24)
A Different Kind of Workplace	121	(24)
Running the Business	145	(20)
Changing a Company	165	(18)
Appendix: Plans for Broad-Based Employee Ownership	183	(4)
Notes	187	(10)
Acknowledgments	197	(6)
Index	203	(10)
About the Authors	213