Business Writer Michael Lewis Says Employee Ownership "Most Powerful Trend in American Work"

Writing in the March 5 issue of the New York Times Magazine, best-selling business author Michael Lewis (Liar's Poker and The New, New Thing, among others) says that "the single most powerful trend in American work [is] employee ownership." Lewis has somewhat mixed feelings about this development, however, arguing that broadly distributed stock options increase job hopping.

The March 5 issue is devoted to the changing nature of work in the US, and almost every article mentions employee ownership in some context or another. Rosabeth Moss Kantor, former editor of the Harvard Business Review and one of the leading authorities on organizational development, also notes the widespread use of employee ownership, saying it can only be a good thing because it helps get employees focused on business success.