The Employee Ownership Update
October 1, 2015
What Do You Get When You Cross Employee Ownership and Craft Beer?Two employee-owned breweries, Deschutes and Harpoon, are releasing EHOP, a beer celebrating employee ownership and independently owned craft brewing. In its press release, Deschutes Brewery said the beer celebrates employee ownership as a growing answer to news about craft breweries being acquired and incorporated into conglomerates. Each brewery will release its own version of the beer, both brewed using a common recipe and using hops grown by their own employees. Descriptions (and suggestions for finding the beer) are online from Harpoon and from Deschutes. In its article on the Great American Beer Festival in Denver, just wrapping up now, the Denver Business Journal noted that three of the five largest craft breweries in Colorado, New Belgium Brewing, Left Hand Brewing, and Odell Brewing, are all employee-owned.
The NCEO's first-ever survey asking companies about their ESOP transactions is now closed. We will be releasing data from the survey over the upcoming months, but initial results show that the vast majority (93%) of respondents are either satisfied or very satisfied with their transactions. The largest number of respondents were from companies with $10 million to $50 million in annual revenue, and 83% reported that the ESOP had a positive impact on their business.
Initial Results from the ESOP Transaction Survey
What Does Uber Mean for Employee Ownership?In the Atlantic, Derek Thomas argues that the idea of employment may become a historic relic. He argues that the types of technology that allow business models for companies like Uber and other deep economic forces may cause employment to wither away as a part of the economy, replaced by a more transaction-based "gig" economy.
What does this mean for employee ownership? In the upcoming Employee Ownership Report, NCEO members will read NCEO's executive director Loren Rodgers' perspective. He argues that the commodification of labor may actually be a good sign for employee ownership.