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

Harvard Business

Some businesses with employee stock ownership plans (ESOPs) are converting into structures that more closely resemble worker co-ops. When the founder of Sun Light & Power, a solar power company based in California, created his succession plan recently, he worked with his employees to transition the company from a tax-advantaged ESOP, in which a company’s stock is bought by its workers and employees, to what they called an “ESOP-erative.”