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Why the U.S. Needs More Worker-Owned Companies

Harvard Business

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.