Profit Sharing, Psychology, and a Little Politics
Profit Sharing, Psychology, and a Little Politics
EO+WD Weekend Newsletter, Vol. 68
🤗 Welcome Back
It’s finally cooling off in Texas, and we’re loving it!
🚀 What We’ve Been Up To
Tiffany explores how employee ownership and psychological ownership work together to empower employees
Dr. Hand wrote his fourth post for his new newsletter: The Runaround: just enough election news for the politically disinclined
🗞️ News to Know
Kensington Corridor Trust is hiring a full-time property manager! Job listing here
This Tuesday, Sep 10: Natalie Reitman-White will be on this Silicon Couloir’s “Noontime Knowledge” discussing perpetual purpose trusts
Next Tuesday, Sep 17: Common Trusts’s Derek Razo interviews the selling owners of Codeweacers about becoming an employee ownership trust
✊ Ownership Conversions
Aventum, an international reinsurance company, is now 100% employee-owned
See more coverage on Rocky Mountain Steel’s transition to employee ownership, a move inspired by private equity investor Peter Stavros
🏛️ Policy Moves
Two new NCEO publications:
NCEO celebrates the 50th anniversary of the Employee Retirement Income Security Act of 1972 (ERISA)
The Employee Ownership Foundation explores the evolution and historical milestones of employee ownership in the U.S.
The Ownership Economy Policy Brief from Ashoka and Ownership Capital Lab outlines recent developments and policy recommendations
ImpactAlpha reports on how this could enhance private financing
The Department of Labor issued a new press release about its new office of employee ownership
Citizen Times argues for state policies that support local profitability for North Carolina farmers
Fast Company advocates for the promotion of employee ownership and enhanced worker protections
🧑💻 Research and Analysis
The latest Aspen Institute newsletter celebrating the 75th anniversary of the Universal Declaration of Human Rights
Erinch Sahan of Doughnut Economics Action Lab and Julie Menter of Transform Finance introduce a report aimed at helping investors finance employee
ownership and other ownership models
On the benefits of employee ownership:
Certified EO covers the benefits of employee ownership for all stakeholders
BenefitsPro features a Q&A with Alex Mumblat on the benefits and complexities of ESOPs
AZ Big Media explains why more construction companies are transitioning to employee ownership
Accountancy Age shares the complexities and advantages of employee ownership in accountancy firms
Biz Journals researches the growth of ESOPs and their effects on company performance and employee satisfaction
Matt Helmer highlights the significance of Labor Day as a moment to advocate for employee ownership
Christopher Mackin discusses recent research from the Rutgers-Oxford 2024 symposium
Palladium Magazine analyzes how mismanagement can lead to the decline of successful companies
Forbes explores strategies for managing employee equity compensation
WCAX presents the challenges and limited options for small businesses when their owners retire
Ryan Thornton writes about the potential of ESOP holding companies as a model to compete with private equity acquisition
📅 What’s Coming: Events
September 10-12: The Great Game of Business Conference 2024 for individuals and companies looking to build ownership culture hits Arlington, TX. Register here
September 12: NCEO hosts a Community Conversation celebrating Employee Ownership Month. Register here
September 12-13: Registration for The Worker Co-Op Conference has officially closed but join virtually here (h/t EOX)
September 12-13: The Rock Mountain Chapter of the ESOP Association’s Fall Conference
September 18-20: NCEO hosts its Fall Forum in Indianapolis, including a day on employee ownership trusts
September 23-24 & October 21-22: Employee-Owned S Corporations of America (ESCA) hosts its Regional Policy Seminars in Chicago and Marina Del Rey.
October 8-10: Employee ownership will be one area of focus at the 2024 California Economic Summit.
October 21-22: NCEO hosts Is An ESOP Right For You? in Phoenix, AZ
October 24: The Georgia Center for Employee Ownership’s Employee Ownership Celebration
December 4: The 2nd Annual Ownership Economy Summit in New York City. Register here
February 20, 2025: Attend “The Employee Ownership Transition: A Deep Dive” a workshop for insights on the process of selling to an employee ownership trust (in Scotland)
🕰️ ICYMI
The Colorado Sun discussed state incentives aimed at promoting ESOPs and employee ownership among rural and small businesses. Check it out here
