Manifesto of an Employee-Owner
An Employee Stock Ownership Plan (ESOP) sounds great on paper, but how well does it work in practice? That depends on whether the company’s leaders embrace an ownership culture, trust their employee-owners, commit to big ideas, and make smart decisions.
In 2009, Scott Bradford was an employee-owner at Plexus Scientific Corporation, an ESOP that had gone badly awry. He tried to save it. He failed.
“Owning Plexus” was an unheeded warning—an effort to identify and solve the company’s problems before they became insurmountable. But while it may be too late for Plexus, it is not too late for other businesses to benefit from a renewed focus on a culture of ownership.
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- About 10,100 words (41 pages)
- Published by Intersanity Enterprises
- First Edition, April 2018