Ownership News: November 2024

A new study by Brookings Institution and Washington University’s Olin School of Business finds that employees are significantly more likely to remain working for their employer and to be satisfied with their jobs in companies that transition ownership through ESOPs and other employee ownership models compared to other business transition models. The study also recommends that Congress pass the Promotion and Expansion of Private Employee Ownership Act of 2023 and support efforts of private equity firms, such as those involved in Ownership Works, to include employees in ownership in business transitions.