Why did I love this book?
This is the best book about worker-owned firms in America by two authors who have each worked on the issue for almost a half-century. It focuses on the Employee Stock Ownership Plans (ESOPs) developed in the US. There are now almost 7,000 ESOPs in America and 10% of the private workforce work in ESOPs so one out of ten workers are co-owners of the company where they work. Hence worker ownership is not just an academic pipe dream but a growing reality in America.
1 author picked Ownership as one of their favorite books, and they share why you should read it.
Winner of the William Foote Whyte and Kathleen King Whyte Book Prize from the Rutgers Institute for the Study of Employee Ownership and Profit Sharing
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…