The question: how do the Cavaliers keep superstar free agent LeBron James in Cleveland? The answer: ownership (James has expressed an interest both in being an NBA team owner and staying in Cleveland). So, what’s stopping Cleveland Cavaliers’ owner Dan Gilbert from making this happen? [...]
If you asked three people at your company what their roles are as employee owners, what answers would you hear? More importantly, would the responses be the same or even similar? At some ESOP firms, the answer is no. It’s no because defining employee owners’ [...]
No one would propose you watch the NCAA Tournament without understanding basketball’s rules. The same holds true for your ESOP: knowing the plan’s rules builds understanding of and appreciation for the opportunity employee ownership provides. While people often “just guess” when they fill out a [...]
Last week, the Wall Street Journal editorial page urged President-elect Donald Trump to liquidate his business holdings to avoid being “accused of a pecuniary motive any time he takes a policy position." The paper asserted that “one reason 60 million voters elected Donald Trump is [...]
We strolled past a brick wall, turned a sharp corner and the glowing, green eyes twenty-feet away stared at me. Atop a four-foot high stack of rolled paper, the calico licked a paw as nearby machines clanged, sliced, whirled and banged a cacophony of capitalism. [...]
Making the connection between employees’ daily activities, company success and ESOP stock value with America’s favorite football team, the Cleveland Browns (ok, maybe not America’s favorite, but they’re mine) might sound crazy, but that’s exactly what Brian Bornino of GBQ and I did during last [...]
With the basketball bedlam known as March Madness about consume America, let me share a few leadership lessons gleaned from the younger generation that will enhance your ownership culture: the rules followed by Van Buren Ohio’s 6th grade girls YMCA basketball squad. Rule #1: Have [...]
What’s the number one employee complaint about their companies (after poor communication): lack of feedback. People perform their jobs day in and day out and rarely hear how they’re doing: it’s as if their performance is being sucked into a black hole. If you’re working [...]
Reviewing our seven-step model of ESOP company development with the managers of a relatively new 100% employee-owned business at the firm’s annual planning meeting, I asked the assembled team what developmental stage they thought they were currently in. “The honeymoon,” came the unanimous reply along [...]
Another year is winding down which means another set of New Year’s resolutions looms. In addition to hitting the gym more often, why not resolve to make the most of your ESOP in 2015? After all, you’re contributing hundreds of thousands if not millions of [...]
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