News Coverage of Employee Ownership
Executive Director
In a CNN essay that starts with the recent announcement about Hamilton, Justin Talbot-Zorn and Jove Oliver talk about the politics of employee ownership, noting bipartisan efforts to support it, from Ronald Reagan and Russell Long to the Founding Fathers.
Several media outlets (here and here, for example) covered a hearing of the House Small Business Committee at which representatives of ESOP companies Messer Construction and Hardy Diagnostics testified. Committee member Rep. Janice Hahn (D-Calif.) put the ESOP companies in the context of the policy debate about income and wealth inequality. She said, "it's been really amazing to hear from our witnesses today that proved that you don't have to choose between people and profits." The hearing was about the Promotion and Expansion of Private Employee Ownership Act, which has been referred to the House Ways and Means Committee, and the meeting's background packet is available online (PDF).
In its Entrepreneur.com blog for April 28, Fox News reporter Steph Wagner recommends that entrepreneurs consider selling their shares to an ESOP.
A Fox News Entrepreneurs guest column by Chris Myers discusses lessons he has learned as a start-up CEO about how to share equity with employees. He says, "when everyone is an owner, teams can move mountains."