ESOP Association member Mary Josephs of Verit Advisors recently penned an article for Forbes’ website that points out that corporate mega mergers have a track record of spurring layoffs. And that ESOPs (which, incidentally, have a track record of preserving jobs) can spur employee engagement and performance, which can lead businesses to a brighter future.
ESOPs are “an under-utilized capitalization format that has the potential to help American business regain and extend its edge globally,” she writes.
One of our favorite quotes? “The point of employee ownership isn’t to blunt the effects of the markets on workers…it’s to play capitalism as a team sport.”
Read the entire article here: http://www.forbes.com/sites/maryjosephs/2015/12/10/if-u-s-industry-plays-not-to-lose-what-does-playing-to-win-look-like/