Time Article Highlights Employee Ownership Success

The April 8 issue of Time features a story titled "We're All the Boss," highlighting how "giving workers stock helps a firm only if it also gives them a say." The story reflects NCEO research on the impact of employee ownership on employee and corporate success with employee ownership.

Today: Philadelphia Considers Promoting Local Employee Ownership

Philadelphia City Council's Committee on Commerce & Economic Development held hearings on April 2 to hear testimony about employee ownership. The city of Philadelphia has a dozen employee-owned companies, such as McKean Defense, Urban Engineers, and Crown Cork & Seal.

Too Much of a Good Thing?

Can an ESOP company be too successful? Gregg Kelly of Orthodyne Electronics isn't complaining about how well his company's ESOP has performed, but he does worry that some employees will leave to take advantage of the huge run-up in their stock.