Attend an employee-ownership conference and you’re bound to run into the ESOP zealots who want you to take part in a game or group activity. Even in this era of required social distancing, you may get roped into an interactive Teams event or a Zoom contest. What’s up with this? Click here to read the full article.
Avoid a cultural swan song, grab the “ownership microphone” and sing along with these bands to develop your company’s culture, define employees’ roles as owners and drive ESOP stock value. One Direction Do you know where you’re headed in building your ownership culture? In other [...]
Music, like ownership, moves people. Given that, what can Cherry-Bomb tossing, Authority-fighting musician John Mellencamp teach you about communicating the value of your ESOP? Here are four ownership communication ideas from the Rock and Roll Hall of Fame artist. 1) Tell your story Mellencamp’s lyrics [...]
Joe Motz, like many successful business founders, wanted everyone to benefit more directly from their daily efforts growing the company. “People receive wages and benefits for helping us succeed in the short run,” he commented. “The ESOP provides everyone with an equity stake, rewarding them for their efforts to grow our business in the long run.” Click here to read the full article.
An old African proverb states, “a wise man does not jump into the water with two feet.” Unfortunately, when it comes to starting an ESOP Committee, most firms eagerly jump in with two feet only to find that the water is both deep and murky, [...]
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’ [...]
When you communicate about your ESOP — or just about anything else — adults immediately tune into a familiar radio station: WII-FM (What’s In It For Me?). Building practical knowledge about the TIONs and Ting of your ESOP is critical because we focus first on [...]