The Employee Ownership Update
May 8, 1998
NCEO Estimates 6 Million Employees Eligible for Broad-Based Stock OptionsWe at the NCEO now estimate that 6 million people work for companies that offer most or all of their employees stock options. Ryan Weeden and Ed Carberry, the NCEO's stock options project coordinators, say that at least 3,000 companies offer these plans. The numbers are difficult to estimate and are almost certainly too conservative. The estimates are based on companies the NCEO has actually identified as having plans, but it is very likely that there are many companies we have not yet identified. The number represents a 600% increase over 1991 estimates.
Worker Cooperatives in EuropeWorker cooperatives are a thriving sector of the European economy, albeit one that receives limited press attention. A new publication, Successful European Worker Cooperative (Coopexel, 1997), details the European experience by reporting on dozens of case studies from England, France, Germany, Ireland, Italy, Portugal, and Spain. Spain and Italy have the largest sectors. The Mondragon Cooperative Federation in Spain has over 100 enterprises employing over 20,000 people, while the cooperative network of the Valencia Autonomous Community has 1,200 cooperatives employing about 20,000 people. In Italy, over 4,000 worker cooperatives employ close to 100,000 people. France has 1,450 worker cooperatives with about 30,000 members. The cooperative movements in other European countries are smaller, generally employing a few thousand people in each country.
To obtain a copy of the publication, contact FVECTA, Calle Arquebise Majoral, 11 Bajo, 46002 Valencia, Spain.