Mark Cuban, the billionaire entrepreneur who founded two companies and is a regular on the television show Shark Tank, said, "We as entrepreneurs have got to make a point to give stock to everybody that works for us. Period. End of story.
Davey Tree, one of the largest tree service companies in the U.S., became employee-owned. Since then, its employee count has grown from 2,800 to nearly 10,000, and its stock from 12 cents to $21, a compound annual growth rate close to 14%.
A Rutgers University-led team of researchers conducted a qualitative study of the asset-building impacts of employee ownership. The team conducted 195 interviews with employee-owners at 21 ESOP companies from June 2015 through August 2018.
With the primary season about to launch, town hall forums will become a staple of at least the Democratic primaries, and possibly Republican as well. This is a great opportunity to promote employee ownership.