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Why the U.S. Needs More Worker-Owned Companies
Harvard Business
AUGUST 8, 2018
On their own merits, worker-owned businesses can show policy makers, investors, managers, and advisers that companies with democratic ownership values and structures are operated with the same profit motivation as other companies. Some businesses with employee stock ownership plans (ESOPs) are converting into structures that more closely resemble worker co-ops. ESOPs typically allocate shares to employees in proportion to their pay. Klaus Meinhardt/Getty Images.
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