Why the U.S. Needs More Worker-Owned Companies
AUGUST 8, 2018
And companion bills developed to enable the U.S. Some businesses with employee stock ownership plans (ESOPs) are converting into structures that more closely resemble worker co-ops. ” The company maintained the tax advantages of an ESOP, but distributed the shares in a way that would give employees with lower salaries greater voting power. ESOPs typically allocate shares to employees in proportion to their pay. Klaus Meinhardt/Getty Images.