Do It Yourself Sailboat, 1962 “Being good in business is the most fascinating kind of art. Making money is art and good business is the best art.” Andy Warhol Striding off the elevator onto the concrete seventh floor of Pittsburgh’s Warhol Museum (the [...]
It started with the cell-phone call. “Hey dad,” said my daughter, Emory, “you want to run a half marathon with me?” No, absolutely not, screeched my suddenly alert mind. Because, despite clumping countless miles during the last four decades, I’ve rejected every half-marathon offer, even [...]
As a busy person constantly on the go, you make assumptions about all kinds of things, every day. In fact, you just made one about this article. Do me a favor, park your assumption for a moment and instead ask a question: why would I [...]
Because unlocking the door to greater employee engagement is critical to your ESOP’s success, here are five communication keys you turn to open it. 1) Answer the "why" to create an ownership foundation. There are many different types of ESOP companies, styles of leadership, methods of sharing information and tools for engaging employees. Bottom line: No matter the company, people want to know the “why." Why should I care? Why would I want to be engaged? Click here to read the full article.
Seeking the next competitive edge ought to be an employee-owner no-brainer, right? Because implementing it will make your company more successful and grow ESOP stock value, benefiting everyone. But, despite decades of research confirming ESOPs with informed, involved employees outperform conventional companies, some employees still [...]
“If I retire, then the payments begin in the year after?” one ESOP Communication Committee member asks for clarification. “Tell me again, now, what's retirement age,” another member chimes in. Does this sound familiar? Is it a bad sign when the dominant theme of your interactions with participants or your ESOP committee is all about cashing out? When employee owners are spending energy thinking about their exit, they aren’t developing “ownership thinking” or focusing on actions that build value. How should you interpret it when people keep asking about cashing out? Click here to read the full article.
If there’s one thing that captures the concept of employee ownership it’s connection. Connection to each other, both in day-to-day interactions and as people. Connection to the company, and the pride and responsibility. And onnection of one’s own individual efforts to the broader shared success of the company. How do you foster such connection? Click here to read the full article.
Anytime the public market goes on a roller coaster ride as it did in late 2018, it can cause quite a bit of uncertainty and anxiety for employees who are invested in stocks or equity funds as part of their 401(k) and other retirement accounts. So, naturally, your employees may be wondering how it all impacts their ESOP accounts.Click here to read the full article.
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? [...]
No employee-owner has ever been arrested for committing a communication crime, but maybe we ought to start issuing some citations. Because poor communication can lead to dissatisfied customers, frustrated co-workers, bad business decisions and, ultimately, a lower ESOP stock value. And that’s a crime. There is hope . . .Click here to view the full article.